MV Capital Management Inc. Buys 78 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

MV Capital Management Inc. boosted its stake 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 SEC. The institutional investor owned 156 shares of the transportation company’s stock after purchasing an additional 78 shares during the period. MV Capital Management Inc.’s holdings in Old Dominion Freight Line were worth $34,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Diversified Trust Co grew its stake 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 period. Price T Rowe Associates Inc. MD boosted its position 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 worth $2,563,843,000 after purchasing an additional 81,122 shares during the period. Rise Advisors LLC increased its stake in shares of Old Dominion Freight Line by 369.2% in the first quarter. Rise Advisors LLC now owns 183 shares of the transportation company’s stock worth $40,000 after purchasing an additional 144 shares in the last quarter. AMF Tjanstepension AB increased its stake in shares of Old Dominion Freight Line by 100.0% in the first quarter. AMF Tjanstepension AB now owns 41,532 shares of the transportation company’s stock worth $9,110,000 after purchasing an additional 20,766 shares in the last quarter. Finally, US Bancorp DE lifted its stake in shares of Old Dominion Freight Line by 1.0% during the 4th quarter. US Bancorp DE now owns 18,134 shares of the transportation company’s stock valued at $7,351,000 after buying an additional 182 shares in the last quarter. Institutional investors own 77.82% of the company’s stock.

Old Dominion Freight Line Trading Up 1.9 %

Shares of ODFL stock opened at $182.17 on Wednesday. The company has a market cap of $39.58 billion, a PE ratio of 32.07, a price-to-earnings-growth ratio of 2.30 and a beta of 1.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.29 and a quick ratio of 2.29. The stock’s 50 day simple moving average is $177.73 and its two-hundred day simple moving average is $199.95. Old Dominion Freight Line, Inc. has a 1 year low of $165.49 and a 1 year high of $227.80.

Old Dominion Freight Line (NASDAQ:ODFL) last released its quarterly earnings results on Wednesday, April 24th. The transportation company reported $1.34 earnings per share 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 analyst estimates of $1.47 billion. Old Dominion Freight Line had a return on equity of 30.12% and a net margin of 21.19%. Research analysts predict that Old Dominion Freight Line, Inc. will post 5.96 earnings per share for the current year.

Old Dominion Freight Line Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Wednesday, June 5th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.57%. Old Dominion Freight Line’s dividend payout ratio is presently 18.31%.

Analysts Set New Price Targets

ODFL has been the subject of a number of analyst reports. Bank of America cut their price target on Old Dominion Freight Line from $205.00 to $192.00 and set a “neutral” rating for the company in a research note on Thursday, June 6th. Susquehanna decreased their target price on Old Dominion Freight Line from $245.00 to $210.00 and set a “positive” rating on the stock in a research note on Wednesday, June 12th. BMO Capital Markets started coverage on shares of Old Dominion Freight Line in a report on Wednesday, June 5th. They set an “outperform” rating and a $210.00 price objective for the company. Vertical Research upgraded shares of 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 report on Monday, April 29th. Finally, TD Cowen dropped their target price on shares of Old Dominion Freight Line from $209.00 to $206.00 and set a “hold” rating for the company in a research report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $201.18.

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.