172 Shares in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Bought by Crewe Advisors LLC

Crewe Advisors LLC purchased a new position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 172 shares of the transportation company’s stock, valued at approximately $38,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Jones Financial Companies Lllp lifted its holdings in Old Dominion Freight Line by 22.5% during the fourth quarter. Jones Financial Companies Lllp now owns 147 shares of the transportation company’s stock valued at $60,000 after purchasing an additional 27 shares in the last quarter. Avantax Advisory Services Inc. lifted its holdings in Old Dominion Freight Line by 1.1% during the fourth quarter. Avantax Advisory Services Inc. now owns 2,704 shares of the transportation company’s stock valued at $1,096,000 after purchasing an additional 30 shares in the last quarter. Drive Wealth Management LLC lifted its holdings in Old Dominion Freight Line by 5.3% during the fourth quarter. Drive Wealth Management LLC now owns 778 shares of the transportation company’s stock valued at $316,000 after purchasing an additional 39 shares in the last quarter. Ballentine Partners LLC lifted its holdings in Old Dominion Freight Line by 5.5% during the fourth quarter. Ballentine Partners LLC now owns 772 shares of the transportation company’s stock valued at $313,000 after purchasing an additional 40 shares in the last quarter. Finally, Freedom Day Solutions LLC lifted its holdings in Old Dominion Freight Line by 0.8% during the fourth quarter. Freedom Day Solutions LLC now owns 4,863 shares of the transportation company’s stock valued at $1,971,000 after purchasing an additional 40 shares in the last quarter. 77.82% of the stock is owned by hedge funds and other institutional investors.

Old Dominion Freight Line Trading Up 5.7 %

Old Dominion Freight Line stock traded up $11.08 during midday trading on Thursday, hitting $205.70. 3,122,478 shares of the stock were exchanged, compared to its average volume of 1,622,084. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $44.70 billion, a price-to-earnings ratio of 36.21, a PEG ratio of 2.55 and a beta of 1.00. The stock’s 50-day simple moving average is $179.87 and its 200 day simple moving average is $198.72. Old Dominion Freight Line, Inc. has a fifty-two week low of $165.49 and a fifty-two week high of $227.80.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its earnings results on Wednesday, July 24th. The transportation company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.03. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.50 billion. Old Dominion Freight Line had a net margin of 21.19% and a return on equity of 30.12%. Old Dominion Freight Line’s revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.33 earnings per share. On average, equities analysts anticipate that Old Dominion Freight Line, Inc. will post 5.9 EPS for the current year.

Old Dominion Freight Line Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend is Wednesday, September 4th. Old Dominion Freight Line’s dividend payout ratio (DPR) is presently 18.31%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on ODFL shares. Robert W. Baird increased their price objective on shares of Old Dominion Freight Line from $205.00 to $215.00 and gave the company an “outperform” rating in a report on Thursday. Baird R W upgraded shares of Old Dominion Freight Line from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 8th. Raymond James increased their target price on shares of Old Dominion Freight Line from $190.00 to $209.00 and gave the company an “outperform” rating in a research report on Thursday. Wells Fargo & Company assumed coverage on shares of Old Dominion Freight Line in a research report on Friday, June 7th. They issued an “underweight” rating and a $175.00 target price for the company. Finally, BMO Capital Markets increased their target price on shares of Old Dominion Freight Line from $210.00 to $215.00 and gave the company an “outperform” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $201.97.

Old Dominion Freight Line Company Profile

Old Dominion Freight Line, Inc operates as a less-than-truckload motor carrier in the United States and North America. The company offers regional, inter-regional, and national less-than-truckload services, as well as expedited transportation. It also provides various value-added services, including container drayage, truckload brokerage, and supply chain consulting.