Compass Wealth Management LLC Acquires 192 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Compass Wealth Management LLC lifted its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 100.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 384 shares of the transportation company’s stock after acquiring an additional 192 shares during the period. Compass Wealth Management LLC’s holdings in Old Dominion Freight Line were worth $84,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of Old Dominion Freight Line during the fourth quarter valued at about $495,387,000. International Assets Investment Management LLC lifted its position in shares of Old Dominion Freight Line by 39,016.7% in the 4th quarter. International Assets Investment Management LLC now owns 705,274 shares of the transportation company’s stock worth $285,869,000 after acquiring an additional 703,471 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Old Dominion Freight Line by 11.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,538,487 shares of the transportation company’s stock worth $1,038,597,000 after purchasing an additional 251,289 shares in the last quarter. Parnassus Investments LLC increased its position in shares of Old Dominion Freight Line by 42.4% during the fourth quarter. Parnassus Investments LLC now owns 339,520 shares of the transportation company’s stock valued at $137,618,000 after purchasing an additional 101,079 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Old Dominion Freight Line by 1.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,325,321 shares of the transportation company’s stock valued at $2,563,843,000 after purchasing an additional 81,122 shares in the last quarter. 77.82% of the stock is currently owned by institutional investors and hedge funds.

Old Dominion Freight Line Price Performance

ODFL opened at $173.30 on Thursday. Old Dominion Freight Line, Inc. has a 52 week low of $158.60 and a 52 week high of $227.80. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.29 and a current ratio of 2.29. The firm has a market capitalization of $37.66 billion, a PE ratio of 30.51, a P/E/G ratio of 2.25 and a beta of 1.02. The company has a fifty day moving average price of $184.81 and a two-hundred day moving average price of $200.86.

Old Dominion Freight Line (NASDAQ:ODFL) last released its quarterly earnings data on Wednesday, April 24th. The transportation company reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.01. Old Dominion Freight Line had a return on equity of 30.12% and a net margin of 21.19%. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.47 billion. As a group, analysts anticipate that Old Dominion Freight Line, Inc. will post 5.98 earnings per share for the current year.

Old Dominion Freight Line Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Wednesday, June 5th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.60%. The ex-dividend date was Wednesday, June 5th. Old Dominion Freight Line’s payout ratio is 18.31%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ODFL shares. Bank of America decreased their price target on shares of Old Dominion Freight Line from $205.00 to $192.00 and set a “neutral” rating on the stock in a research note on Thursday, June 6th. Vertical Research upgraded Old Dominion Freight Line from a “sell” rating to a “hold” rating and set a $175.00 price objective on the stock in a research note on Monday, April 29th. Evercore ISI cut their target price on Old Dominion Freight Line from $241.00 to $225.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. Raymond James boosted their price target on Old Dominion Freight Line from $207.50 to $233.00 and gave the company an “outperform” rating in a research note on Monday, April 15th. Finally, Wells Fargo & Company initiated coverage on Old Dominion Freight Line in a report on Friday, June 7th. They set an “underweight” rating and a $175.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $204.97.

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.