LVW Advisors LLC Has $677,000 Stock Holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

LVW Advisors LLC grew its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 126.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,086 shares of the transportation company’s stock after purchasing an additional 1,722 shares during the quarter. LVW Advisors LLC’s holdings in Old Dominion Freight Line were worth $677,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Fortitude Family Office LLC acquired a new stake in shares of Old Dominion Freight Line during the fourth quarter valued at about $27,000. Trust Co. of Vermont acquired a new stake in shares of Old Dominion Freight Line during the fourth quarter valued at about $27,000. Raleigh Capital Management Inc. acquired a new stake in shares of Old Dominion Freight Line during the fourth quarter valued at about $29,000. Headinvest LLC acquired a new stake in shares of Old Dominion Freight Line during the third quarter valued at about $30,000. Finally, Sound Income Strategies LLC acquired a new stake in shares of Old Dominion Freight Line during the fourth quarter valued at about $34,000. 77.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ODFL has been the subject of a number of analyst reports. 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 initiated coverage on Old Dominion Freight Line in a research report on Wednesday, June 5th. They set an “outperform” rating and a $210.00 price objective for the company. Vertical Research upgraded Old Dominion Freight Line from a “sell” rating to a “hold” rating and set a $175.00 price objective for the company in a research report on Monday, April 29th. JPMorgan Chase & Co. lowered their price objective 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. Finally, Barclays lowered their price objective 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. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Old Dominion Freight Line has a consensus rating of “Hold” and a consensus target price of $201.18.

Old Dominion Freight Line Trading Up 1.2 %

Shares of Old Dominion Freight Line stock opened at $178.70 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.29 and a current ratio of 2.29. Old Dominion Freight Line, Inc. has a 52 week low of $165.49 and a 52 week high of $227.80. The stock has a 50 day moving average price of $178.47 and a two-hundred day moving average price of $200.05. The stock has a market capitalization of $38.83 billion, a PE ratio of 31.46, a price-to-earnings-growth ratio of 2.30 and a beta of 1.00.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its earnings results on Wednesday, April 24th. The transportation company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.01. The company had revenue of $1.46 billion for the quarter, compared to analysts’ expectations 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 analysts anticipate that Old Dominion Freight Line, Inc. will post 5.96 earnings per share for the current fiscal year.

Old Dominion Freight Line Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Wednesday, June 5th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, June 5th. This represents a $1.04 annualized dividend and a dividend yield of 0.58%. Old Dominion Freight Line’s payout ratio is 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.