Old Dominion Freight Line, Inc. $ODFL Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management decreased its holdings in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 22.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,779 shares of the transportation company’s stock after selling 3,637 shares during the quarter. Ritholtz Wealth Management’s holdings in Old Dominion Freight Line were worth $2,074,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ODFL. Brighton Jones LLC raised its stake in Old Dominion Freight Line by 5.3% during the fourth quarter. Brighton Jones LLC now owns 1,559 shares of the transportation company’s stock worth $275,000 after acquiring an additional 79 shares during the period. GAMMA Investing LLC raised its stake in Old Dominion Freight Line by 48.7% during the first quarter. GAMMA Investing LLC now owns 3,109 shares of the transportation company’s stock worth $514,000 after acquiring an additional 1,018 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in Old Dominion Freight Line by 9.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 17,595 shares of the transportation company’s stock worth $2,911,000 after acquiring an additional 1,529 shares during the period. Janney Montgomery Scott LLC raised its stake in Old Dominion Freight Line by 4.9% during the first quarter. Janney Montgomery Scott LLC now owns 90,953 shares of the transportation company’s stock worth $15,048,000 after acquiring an additional 4,252 shares during the period. Finally, QRG Capital Management Inc. raised its stake in Old Dominion Freight Line by 4.0% during the first quarter. QRG Capital Management Inc. now owns 7,842 shares of the transportation company’s stock worth $1,298,000 after acquiring an additional 301 shares during the period. Institutional investors and hedge funds own 77.82% of the company’s stock.

Old Dominion Freight Line Price Performance

NASDAQ ODFL opened at $138.10 on Friday. Old Dominion Freight Line, Inc. has a 12 month low of $133.69 and a 12 month high of $233.26. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.38 and a quick ratio of 1.38. The firm has a market capitalization of $29.02 billion, a PE ratio of 26.97, a P/E/G ratio of 3.19 and a beta of 1.19. The company’s 50 day simple moving average is $145.55 and its 200 day simple moving average is $154.95.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings data on Wednesday, July 30th. The transportation company reported $1.27 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 company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the prior year, the business earned $1.48 EPS. Old Dominion Freight Line’s revenue was down 6.1% compared to the same quarter last year. As a group, equities research analysts forecast that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current fiscal year.

Old Dominion Freight Line Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Wednesday, September 3rd. Old Dominion Freight Line’s dividend payout ratio (DPR) is currently 21.88%.

Analyst Ratings Changes

ODFL has been the topic of several analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Old Dominion Freight Line in a research note on Wednesday, October 8th. Raymond James Financial set a $160.00 price target on shares of Old Dominion Freight Line and gave the company an “outperform” rating in a research note on Tuesday. Morgan Stanley dropped their price target on shares of Old Dominion Freight Line from $170.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 31st. Robert W. Baird set a $148.00 price target on shares of Old Dominion Freight Line and gave the company a “neutral” rating in a research note on Monday, August 4th. Finally, Susquehanna raised their price target on shares of Old Dominion Freight Line from $155.00 to $156.00 and gave the company a “neutral” rating in a research note on Wednesday, September 10th. Eight equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Old Dominion Freight Line has a consensus rating of “Hold” and an average price target of $163.86.

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.