Trust Co. of Vermont Buys Shares of 66 Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Trust Co. of Vermont acquired a new position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 66 shares of the transportation company’s stock, valued at approximately $27,000.

A number of other hedge funds also recently modified their holdings of ODFL. Fortitude Family Office LLC bought a new stake in shares of Old Dominion Freight Line in the 4th quarter worth approximately $27,000. Raleigh Capital Management Inc. bought a new stake in shares of Old Dominion Freight Line in the 4th quarter worth approximately $29,000. Headinvest LLC bought a new stake in shares of Old Dominion Freight Line in the 3rd quarter worth approximately $30,000. Sound Income Strategies LLC bought a new stake in shares of Old Dominion Freight Line in the 4th quarter worth approximately $34,000. Finally, Neo Ivy Capital Management bought a new stake in shares of Old Dominion Freight Line in the 4th quarter worth approximately $40,000. Institutional investors own 77.82% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on ODFL shares. UBS Group raised their price objective on Old Dominion Freight Line from $202.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. BMO Capital Markets started coverage on Old Dominion Freight Line in a research report on Wednesday, June 5th. They set an “outperform” rating and a $210.00 target price for the company. JPMorgan Chase & Co. cut their target price on Old Dominion Freight Line from $231.00 to $219.00 and set a “neutral” rating for the company in a research report on Thursday, April 25th. Barclays cut their target price on Old Dominion Freight Line from $205.00 to $195.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 12th. Finally, Raymond James raised their target price on Old Dominion Freight Line from $207.50 to $233.00 and gave the stock an “outperform” rating in a research report on Monday, April 15th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $204.97.

Old Dominion Freight Line Trading Down 0.4 %

ODFL stock opened at $173.30 on Wednesday. The company has a market cap of $37.66 billion, a P/E ratio of 30.51, a PEG ratio of 2.23 and a beta of 1.02. Old Dominion Freight Line, Inc. has a twelve month low of $158.60 and a twelve month high of $227.80. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.01. The business has a fifty day moving average of $186.63 and a 200-day moving average of $201.26.

Old Dominion Freight Line (NASDAQ:ODFL) last released its earnings results on Wednesday, April 24th. The transportation company reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.01. The company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.47 billion. Old Dominion Freight Line had a return on equity of 30.12% and a net margin of 21.19%. As a group, equities research analysts expect that Old Dominion Freight Line, Inc. will post 6.01 EPS for the current year.

Old Dominion Freight Line Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 19th. Investors of record on Wednesday, June 5th will be issued a $0.26 dividend. The ex-dividend date is Wednesday, June 5th. This represents a $1.04 dividend on an annualized basis and a yield of 0.60%. Old Dominion Freight Line’s dividend payout ratio is presently 18.31%.

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.