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

Crewe Advisors LLC acquired a new position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) during the 1st quarter, Holdings Channel reports. The fund acquired 172 shares of the transportation company’s stock, valued at approximately $38,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Evermay Wealth Management LLC raised its stake in Old Dominion Freight Line by 99.0% in the 1st quarter. Evermay Wealth Management LLC now owns 400 shares of the transportation company’s stock valued at $88,000 after purchasing an additional 199 shares during the last quarter. Natixis raised its stake in Old Dominion Freight Line by 137.1% in the 1st quarter. Natixis now owns 3,794 shares of the transportation company’s stock valued at $832,000 after purchasing an additional 2,194 shares during the last quarter. InterOcean Capital Group LLC raised its stake in Old Dominion Freight Line by 223.7% in the 1st quarter. InterOcean Capital Group LLC now owns 17,950 shares of the transportation company’s stock valued at $3,937,000 after purchasing an additional 12,404 shares during the last quarter. Pitcairn Co. raised its stake in Old Dominion Freight Line by 97.7% in the 1st quarter. Pitcairn Co. now owns 3,495 shares of the transportation company’s stock valued at $766,000 after purchasing an additional 1,727 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its stake in Old Dominion Freight Line by 138.3% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 161,020 shares of the transportation company’s stock valued at $35,300,000 after purchasing an additional 93,460 shares during the last quarter. 77.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ODFL. Susquehanna cut their target price on shares of Old Dominion Freight Line from $245.00 to $210.00 and set a “positive” rating for the company in a research note on Wednesday, June 12th. TD Cowen upped their price objective on shares of Old Dominion Freight Line from $206.00 to $214.00 and gave the company a “hold” rating in a research note on Thursday. Baird R W raised shares of Old Dominion Freight Line from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 8th. JPMorgan Chase & Co. upped their price objective on shares of Old Dominion Freight Line from $176.00 to $193.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Robert W. Baird upped 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 research note on Thursday. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $201.97.

Old Dominion Freight Line Stock Up 5.7 %

NASDAQ ODFL traded up $11.08 on Thursday, reaching $205.70. The company had a trading volume of 3,122,478 shares, compared to its average volume of 1,622,084. The firm has a market capitalization of $44.70 billion, a PE ratio of 36.21, a P/E/G ratio of 2.55 and a beta of 1.00. Old Dominion Freight Line, Inc. has a 1 year low of $165.49 and a 1 year high of $227.80. The firm has a 50-day moving average of $179.87 and a 200-day moving average of $198.72. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.29 and a quick ratio of 2.29.

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

Old Dominion Freight Line Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis 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 is presently 18.31%.

About Old Dominion Freight Line

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.