Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Stock Holdings Boosted by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC raised its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 99.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,790 shares of the transportation company’s stock after purchasing an additional 2,893 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Old Dominion Freight Line were worth $1,270,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ODFL. Chevy Chase Trust Holdings LLC lifted its position in shares of Old Dominion Freight Line by 98.3% during the 1st quarter. Chevy Chase Trust Holdings LLC now owns 100,892 shares of the transportation company’s stock valued at $22,127,000 after acquiring an additional 50,019 shares during the last quarter. Forsta AP Fonden lifted its position in shares of Old Dominion Freight Line by 65.0% during the 1st quarter. Forsta AP Fonden now owns 39,600 shares of the transportation company’s stock valued at $8,685,000 after acquiring an additional 15,600 shares during the last quarter. Sei Investments Co. lifted its position in shares of Old Dominion Freight Line by 98.6% during the 1st quarter. Sei Investments Co. now owns 43,188 shares of the transportation company’s stock valued at $9,471,000 after acquiring an additional 21,438 shares during the last quarter. Diversified Trust Co lifted its position in shares of Old Dominion Freight Line by 162.9% during the 1st quarter. Diversified Trust Co now owns 7,350 shares of the transportation company’s stock valued at $1,612,000 after acquiring an additional 4,554 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Old Dominion Freight Line by 85.7% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 214,954 shares of the transportation company’s stock valued at $47,041,000 after acquiring an additional 99,228 shares during the last quarter. 77.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ODFL has been the subject of a number of recent research reports. Wells Fargo & Company assumed coverage on Old Dominion Freight Line in a research report on Friday, June 7th. They set an “underweight” rating and a $175.00 price objective for the company. TD Cowen increased their target price on Old Dominion Freight Line from $206.00 to $214.00 and gave the company a “hold” rating in a report on Thursday. Morgan Stanley reduced their target price on Old Dominion Freight Line from $174.00 to $168.00 and set an “equal weight” rating for the company in a report on Monday, July 8th. Raymond James increased their target price on Old Dominion Freight Line from $190.00 to $209.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Evercore ISI restated an “in-line” rating and issued a $196.00 target price (down previously from $225.00) on shares of Old Dominion Freight Line in a report on Tuesday, June 25th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $202.78.

Old Dominion Freight Line Stock Down 0.7 %

Old Dominion Freight Line stock traded down $1.43 during mid-day trading on Monday, hitting $201.50. 1,266,333 shares of the company’s stock were exchanged, compared to its average volume of 1,625,602. The company has a current ratio of 1.46, a quick ratio of 2.29 and a debt-to-equity ratio of 0.01. The stock has a market cap of $43.78 billion, a P/E ratio of 35.73, a P/E/G ratio of 3.92 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 stock has a 50 day moving average of $180.27 and a two-hundred day moving average of $198.82.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its earnings results on Wednesday, July 24th. The transportation company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.45 by $0.03. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.50 billion. Old Dominion Freight Line had a net margin of 21.38% and a return on equity of 30.33%. The business’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.33 earnings per share. As a group, analysts anticipate that Old Dominion Freight Line, Inc. will post 5.73 EPS for the current fiscal year.

Old Dominion Freight Line Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend is Wednesday, September 4th. Old Dominion Freight Line’s dividend payout ratio is currently 18.31%.

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.