Impact Capital Partners LLC Has $425,000 Stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Impact Capital Partners LLC grew its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 16.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,566 shares of the transportation company’s stock after acquiring an additional 355 shares during the period. Impact Capital Partners LLC’s holdings in Old Dominion Freight Line were worth $425,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Norges Bank bought a new position in Old Dominion Freight Line during the fourth quarter worth about $494,916,000. T. Rowe Price Investment Management Inc. raised its position in shares of Old Dominion Freight Line by 1,575.9% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,447,784 shares of the transportation company’s stock valued at $255,390,000 after buying an additional 1,361,397 shares in the last quarter. AustralianSuper Pty Ltd acquired a new stake in shares of Old Dominion Freight Line in the fourth quarter valued at approximately $128,221,000. Raymond James Financial Inc. acquired a new stake in shares of Old Dominion Freight Line in the fourth quarter valued at approximately $114,449,000. Finally, Thrivent Financial for Lutherans raised its position in shares of Old Dominion Freight Line by 92.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,195,331 shares of the transportation company’s stock valued at $210,856,000 after buying an additional 573,586 shares in the last quarter. Institutional investors own 77.82% of the company’s stock.

Analyst Ratings Changes

ODFL has been the subject of several research analyst reports. Wall Street Zen upgraded shares of Old Dominion Freight Line from a “sell” rating to a “hold” rating in a research report on Friday, May 30th. Bank of America increased their price objective on Old Dominion Freight Line from $167.00 to $183.00 and gave the company a “neutral” rating in a report on Friday, May 16th. Stephens restated an “overweight” rating and issued a $180.00 price objective (down from $200.00) on shares of Old Dominion Freight Line in a report on Thursday, April 24th. The Goldman Sachs Group raised shares of Old Dominion Freight Line from a “neutral” rating to a “buy” rating and upped their price target for the company from $190.00 to $200.00 in a research report on Monday, June 2nd. Finally, Truist Financial cut their price target on shares of Old Dominion Freight Line from $220.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $180.42.

Old Dominion Freight Line Stock Up 0.4%

ODFL stock opened at $160.33 on Friday. The stock’s 50 day simple moving average is $158.79 and its 200 day simple moving average is $177.95. Old Dominion Freight Line, Inc. has a fifty-two week low of $144.90 and a fifty-two week high of $233.26. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.33. The company has a market cap of $33.88 billion, a P/E ratio of 29.26, a price-to-earnings-growth ratio of 2.89 and a beta of 1.26.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.14 by $0.05. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.38 billion. Old Dominion Freight Line had a return on equity of 28.02% and a net margin of 20.40%. The company’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.34 earnings per share. On average, research analysts expect that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current fiscal year.

Old Dominion Freight Line Dividend Announcement

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

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.