GoalVest Advisory LLC Grows Stock Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

GoalVest Advisory LLC increased its holdings in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 100.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 248 shares of the transportation company’s stock after buying an additional 124 shares during the quarter. GoalVest Advisory LLC’s holdings in Old Dominion Freight Line were worth $54,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in ODFL. Fortitude Family Office LLC purchased a new position in Old Dominion Freight Line during the fourth quarter worth about $27,000. Trust Co. of Vermont acquired a new stake in Old Dominion Freight Line during the fourth quarter worth about $27,000. Raleigh Capital Management Inc. acquired a new stake in Old Dominion Freight Line during the fourth quarter worth about $29,000. Headinvest LLC acquired a new stake in Old Dominion Freight Line during the third quarter worth about $30,000. Finally, Sound Income Strategies LLC acquired a new stake in Old Dominion Freight Line during the fourth quarter worth about $34,000. 77.82% of the stock is currently owned by hedge funds and other institutional investors.

Old Dominion Freight Line Trading Down 0.9 %

NASDAQ:ODFL opened at $174.37 on Friday. 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’s 50 day moving average is $179.83 and its two-hundred day moving average is $200.11. Old Dominion Freight Line, Inc. has a 52 week low of $165.49 and a 52 week high of $227.80. The company has a market cap of $37.89 billion, a PE ratio of 30.70, a P/E/G ratio of 2.29 and a beta of 1.02.

Old Dominion Freight Line (NASDAQ:ODFL) last released its earnings results on Wednesday, April 24th. The transportation company reported $1.34 EPS for the quarter, topping 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 company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.47 billion. On average, analysts predict that Old Dominion Freight Line, Inc. will post 5.96 EPS for the current year.

Old Dominion Freight Line Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on ODFL shares. Vertical Research upgraded Old Dominion Freight Line from a “sell” rating to a “hold” rating and set a $175.00 price target for the company in a research note on Monday, April 29th. Raymond James dropped their price target on Old Dominion Freight Line from $215.00 to $190.00 and set an “outperform” rating for the company in a research note on Monday. Susquehanna dropped their price target on Old Dominion Freight Line from $245.00 to $210.00 and set a “positive” rating for the company in a research note on Wednesday, June 12th. Barclays lowered 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 note on Wednesday, June 12th. Finally, Robert W. Baird upgraded Old Dominion Freight Line from a “neutral” rating to an “outperform” rating and set a $205.00 target price for the company in a research note on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Old Dominion Freight Line presently has an average rating of “Hold” and a consensus target price of $201.18.

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.