RMR Wealth Builders Increases Stock Holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

RMR Wealth Builders raised its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 17.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,855 shares of the transportation company’s stock after purchasing an additional 281 shares during the quarter. RMR Wealth Builders’ holdings in Old Dominion Freight Line were worth $328,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp increased its position in Old Dominion Freight Line by 22.5% in the fourth quarter. Jones Financial Companies Lllp now owns 147 shares of the transportation company’s stock worth $60,000 after buying an additional 27 shares in the last quarter. Avantax Advisory Services Inc. raised its stake in Old Dominion Freight Line by 1.1% during the 4th quarter. Avantax Advisory Services Inc. now owns 2,704 shares of the transportation company’s stock worth $1,096,000 after acquiring an additional 30 shares during the period. Partners Capital Investment Group LLP boosted its position in shares of Old Dominion Freight Line by 6.1% in the fourth quarter. Partners Capital Investment Group LLP now owns 697 shares of the transportation company’s stock worth $283,000 after purchasing an additional 40 shares during the period. Metis Global Partners LLC increased its stake in shares of Old Dominion Freight Line by 0.9% in the fourth quarter. Metis Global Partners LLC now owns 5,191 shares of the transportation company’s stock worth $2,104,000 after purchasing an additional 47 shares in the last quarter. Finally, Gulf International Bank UK Ltd raised its position in shares of Old Dominion Freight Line by 0.6% during the 1st quarter. Gulf International Bank UK Ltd now owns 8,474 shares of the transportation company’s stock valued at $1,858,000 after purchasing an additional 47 shares during the period. Hedge funds and other institutional investors own 77.82% of the company’s stock.

Old Dominion Freight Line Trading Down 1.1 %

NASDAQ:ODFL traded down $2.21 during midday trading on Thursday, hitting $200.69. 369,511 shares of the company traded hands, compared to its average volume of 1,606,914. The firm has a market capitalization of $43.61 billion, a P/E ratio of 35.48, a P/E/G ratio of 3.75 and a beta of 1.00. The firm’s fifty day moving average is $188.80 and its 200-day moving average is $199.07. Old Dominion Freight Line, Inc. has a 12-month low of $165.49 and a 12-month high of $227.80. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.01.

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, beating the consensus estimate of $1.45 by $0.03. Old Dominion Freight Line had a net margin of 21.38% and a return on equity of 30.33%. The business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the firm posted $1.33 earnings per share. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, sell-side analysts predict that Old Dominion Freight Line, Inc. will post 5.7 EPS for the current year.

Old Dominion Freight Line Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th will be paid a dividend of $0.26 per share. The ex-dividend date is Wednesday, September 4th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.52%. Old Dominion Freight Line’s dividend payout ratio is 18.31%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Evercore ISI reissued an “in-line” rating and set a $196.00 price target (down from $225.00) on shares of Old Dominion Freight Line in a report on Tuesday, June 25th. Robert W. Baird boosted their price target on Old Dominion Freight Line from $205.00 to $215.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Morgan Stanley cut their price objective on shares of Old Dominion Freight Line from $174.00 to $168.00 and set an “equal weight” rating for the company in a report on Monday, July 8th. Raymond James boosted their target price on shares of Old Dominion Freight Line from $190.00 to $209.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Finally, UBS Group raised their target price on shares of Old Dominion Freight Line from $202.00 to $205.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $200.88.

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.