Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Shares Sold by Middleton & Co. Inc. MA

Middleton & Co. Inc. MA reduced its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 0.7% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 26,487 shares of the transportation company’s stock after selling 192 shares during the period. Middleton & Co. Inc. MA’s holdings in Old Dominion Freight Line were worth $4,382,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Larson Financial Group LLC raised its stake in Old Dominion Freight Line by 234.8% in the 1st quarter. Larson Financial Group LLC now owns 154 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 108 shares during the last quarter. American National Bank & Trust acquired a new stake in Old Dominion Freight Line during the 1st quarter worth $30,000. Wayfinding Financial LLC purchased a new stake in shares of Old Dominion Freight Line during the first quarter worth $39,000. Itau Unibanco Holding S.A. raised its position in shares of 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 buying an additional 192 shares during the last quarter. Finally, Olde Wealth Management LLC acquired a new stake in shares of Old Dominion Freight Line in the first quarter valued at about $43,000. Institutional investors and hedge funds own 77.82% of the company’s stock.

Analysts Set New Price Targets

ODFL has been the topic of a number of recent research reports. Truist Financial boosted their price target on shares of Old Dominion Freight Line from $175.00 to $180.00 and gave the stock a “buy” rating in a research report on Monday, June 30th. The Goldman Sachs Group upgraded Old Dominion Freight Line from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $190.00 to $200.00 in a report on Monday, June 2nd. JPMorgan Chase & Co. dropped their price target on Old Dominion Freight Line from $158.00 to $146.00 and set a “neutral” rating for the company in a research report on Tuesday, July 8th. Citigroup raised Old Dominion Freight Line from a “neutral” rating to a “buy” rating and cut their price target for the company from $186.00 to $183.00 in a report on Tuesday, April 8th. Finally, UBS Group lowered their price objective on Old Dominion Freight Line from $158.00 to $155.00 and set a “neutral” rating on the stock in a research note on Thursday, July 31st. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $167.62.

Old Dominion Freight Line Price Performance

Old Dominion Freight Line stock opened at $144.36 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.32 and a current ratio of 1.38. The company has a market capitalization of $30.51 billion, a price-to-earnings ratio of 28.20, a price-to-earnings-growth ratio of 3.27 and a beta of 1.24. The company’s 50 day simple moving average is $161.87 and its 200-day simple moving average is $168.14. Old Dominion Freight Line, Inc. has a 1 year low of $141.73 and a 1 year high of $233.26.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its earnings results on Wednesday, July 30th. The transportation company reported $1.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.02). Old Dominion Freight Line had a net margin of 19.42% and a return on equity of 25.94%. The firm had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the previous year, the firm earned $1.48 EPS. The firm’s revenue for the quarter was down 6.1% compared to the same quarter last year. As a group, equities research analysts expect 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 announced a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Wednesday, September 3rd. Old Dominion Freight Line’s dividend payout ratio (DPR) is 21.88%.

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.