TrimTabs Asset Management LLC Cuts Stock Holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

TrimTabs Asset Management LLC lowered its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 59.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,263 shares of the transportation company’s stock after selling 7,700 shares during the quarter. TrimTabs Asset Management LLC’s holdings in Old Dominion Freight Line were worth $1,240,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Signaturefd LLC increased its position in shares of Old Dominion Freight Line by 5.6% during the fourth quarter. Signaturefd LLC now owns 950 shares of the transportation company’s stock worth $185,000 after acquiring an additional 50 shares during the period. Penserra Capital Management LLC increased its holdings in Old Dominion Freight Line by 30.6% in the fourth quarter. Penserra Capital Management LLC now owns 222 shares of the transportation company’s stock valued at $43,000 after buying an additional 52 shares during the last quarter. Bessemer Group Inc. increased its holdings in Old Dominion Freight Line by 23.2% in the fourth quarter. Bessemer Group Inc. now owns 313 shares of the transportation company’s stock valued at $61,000 after buying an additional 59 shares during the last quarter. Sheaff Brock Investment Advisors LLC increased its holdings in Old Dominion Freight Line by 1.2% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 5,289 shares of the transportation company’s stock valued at $1,032,000 after buying an additional 63 shares during the last quarter. Finally, Lenox Wealth Advisors LLC increased its holdings in Old Dominion Freight Line by 96.2% in the fourth quarter. Lenox Wealth Advisors LLC now owns 153 shares of the transportation company’s stock valued at $30,000 after buying an additional 75 shares during the last quarter. 70.60% of the stock is currently owned by institutional investors and hedge funds.

Shares of ODFL traded up $1.16 during mid-day trading on Thursday, hitting $244.56. 7,776 shares of the company’s stock were exchanged, compared to its average volume of 707,331. Old Dominion Freight Line, Inc. has a fifty-two week low of $123.50 and a fifty-two week high of $248.86. The firm has a market capitalization of $28.60 billion, a P/E ratio of 46.19, a P/E/G ratio of 1.89 and a beta of 1.00. The business’s 50 day moving average is $226.92 and its two-hundred day moving average is $206.41. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.03.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its quarterly earnings data on Thursday, February 4th. The transportation company reported $1.61 EPS for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.04. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. Old Dominion Freight Line had a net margin of 15.87% and a return on equity of 20.47%. The firm’s revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.20 earnings per share. On average, equities research analysts forecast that Old Dominion Freight Line, Inc. will post 5.61 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 17th. Investors of record on Wednesday, March 3rd were given a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, March 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 0.33%. This is an increase from Old Dominion Freight Line’s previous quarterly dividend of $0.15. Old Dominion Freight Line’s dividend payout ratio (DPR) is presently 15.66%.

Several equities analysts recently commented on ODFL shares. Stifel Nicolaus raised Old Dominion Freight Line from a “sell” rating to a “hold” rating and set a $194.00 target price on the stock in a report on Thursday, January 14th. Wolfe Research raised Old Dominion Freight Line from a “market perform” rating to an “outperform” rating and set a $221.00 target price on the stock in a report on Thursday, January 7th. Stephens increased their target price on Old Dominion Freight Line from $240.00 to $280.00 and gave the company an “overweight” rating in a report on Wednesday. Smith Barney Citigroup upped their price objective on shares of Old Dominion Freight Line from $200.00 to $225.00 in a research note on Thursday, January 14th. Finally, Credit Suisse Group upped their price objective on shares of Old Dominion Freight Line from $220.00 to $230.00 and gave the company a “neutral” rating in a research note on Tuesday, March 9th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $221.25.

About Old Dominion Freight Line

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

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Institutional Ownership by Quarter for Old Dominion Freight Line (NASDAQ:ODFL)

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