Milestone Asset Management LLC Has $413,000 Stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Milestone Asset Management LLC decreased its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 78.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,495 shares of the transportation company’s stock after selling 8,980 shares during the period. Milestone Asset Management LLC’s holdings in Old Dominion Freight Line were worth $413,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. American National Bank & Trust bought a new stake in Old Dominion Freight Line in the first quarter valued at $30,000. Whipplewood Advisors LLC bought a new stake in Old Dominion Freight Line in the fourth quarter valued at $35,000. Itau Unibanco Holding S.A. increased its stake in Old Dominion Freight Line by 518.9% in the fourth quarter. Itau Unibanco Holding S.A. now owns 229 shares of the transportation company’s stock valued at $40,000 after purchasing an additional 192 shares in the last quarter. Murphy & Mullick Capital Management Corp bought a new stake in Old Dominion Freight Line in the fourth quarter valued at $51,000. Finally, CoreCap Advisors LLC increased its stake in Old Dominion Freight Line by 98.2% in the fourth quarter. CoreCap Advisors LLC now owns 339 shares of the transportation company’s stock valued at $60,000 after purchasing an additional 168 shares in the last quarter. Institutional investors and hedge funds own 77.82% of the company’s stock.

Old Dominion Freight Line Stock Down 0.1%

NASDAQ ODFL opened at $160.00 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.33 and a quick ratio of 1.33. The stock has a market capitalization of $33.81 billion, a PE ratio of 29.20, a PEG ratio of 2.89 and a beta of 1.31. Old Dominion Freight Line, Inc. has a 1 year low of $144.90 and a 1 year high of $233.26. The business’s 50-day moving average is $159.25 and its 200 day moving average is $179.16.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its earnings results on Wednesday, April 23rd. The transportation company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.05. The company had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Old Dominion Freight Line had a return on equity of 28.02% and a net margin of 20.40%. Old Dominion Freight Line’s quarterly revenue was down 5.8% on a year-over-year basis. During the same period last year, the firm earned $1.34 earnings per share. Sell-side analysts forecast that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current year.

Old Dominion Freight Line Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $1.12 annualized dividend and a yield of 0.70%. Old Dominion Freight Line’s payout ratio is 21.01%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. The Goldman Sachs Group raised shares of Old Dominion Freight Line from a “neutral” rating to a “buy” rating and lifted their price target for the company from $190.00 to $200.00 in a research note on Monday. Barclays decreased their price target on shares of Old Dominion Freight Line from $185.00 to $170.00 and set an “equal weight” rating for the company in a research note on Thursday, April 24th. Stephens reissued an “overweight” rating and set a $180.00 target price (down from $200.00) on shares of Old Dominion Freight Line in a research report on Thursday, April 24th. Raymond James set a $185.00 target price on shares of Old Dominion Freight Line and gave the stock an “outperform” rating in a research report on Thursday, April 24th. Finally, Stifel Nicolaus decreased their target price on shares of Old Dominion Freight Line from $188.00 to $175.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $180.42.

Old Dominion Freight Line 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.