Teamwork Financial Advisors LLC Boosts Stock Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Teamwork Financial Advisors LLC raised its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 236.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,461 shares of the transportation company’s stock after purchasing an additional 5,241 shares during the quarter. Teamwork Financial Advisors LLC’s holdings in Old Dominion Freight Line were worth $1,636,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in ODFL. Diversified Trust Co boosted its stake in shares of Old Dominion Freight Line by 162.9% in the first quarter. Diversified Trust Co now owns 7,350 shares of the transportation company’s stock worth $1,612,000 after buying an additional 4,554 shares during the last quarter. Price T Rowe Associates Inc. MD boosted 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 worth $2,563,843,000 after buying an additional 81,122 shares during the last quarter. Rise Advisors LLC boosted 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 buying an additional 144 shares during the last quarter. AMF Tjanstepension AB boosted 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 buying an additional 20,766 shares during the last quarter. Finally, US Bancorp DE boosted its position in Old Dominion Freight Line by 1.0% during the fourth quarter. US Bancorp DE now owns 18,134 shares of the transportation company’s stock worth $7,351,000 after purchasing an additional 182 shares in the last quarter. Hedge funds and other institutional investors own 77.82% of the company’s stock.

Old Dominion Freight Line Stock Down 0.2 %

NASDAQ:ODFL traded down $0.30 during midday trading on Thursday, reaching $181.87. The company had a trading volume of 919,779 shares, compared to its average volume of 1,703,654. The firm has a market capitalization of $39.52 billion, a price-to-earnings ratio of 32.02, a PEG ratio of 2.37 and a beta of 1.00. The stock’s fifty day simple moving average is $177.17 and its 200-day simple moving average is $199.69. Old Dominion Freight Line, Inc. has a 12-month low of $165.49 and a 12-month high of $227.80. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.01.

Old Dominion Freight Line (NASDAQ:ODFL) last released its earnings results on Wednesday, April 24th. The transportation company reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.01. The firm had revenue of $1.46 billion during 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%. On average, sell-side 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 issued a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, June 5th. This represents a $1.04 dividend on an annualized basis and a yield of 0.57%. Old Dominion Freight Line’s dividend payout ratio (DPR) is presently 18.31%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ODFL. Baird R W upgraded Old Dominion Freight Line from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 8th. Raymond James reduced their target price on Old Dominion Freight Line from $215.00 to $190.00 and set an “outperform” rating for the company in a report on Monday, June 24th. BMO Capital Markets started coverage on Old Dominion Freight Line in a report on Wednesday, June 5th. They set an “outperform” rating and a $210.00 target price for the company. TD Cowen reduced their target price on Old Dominion Freight Line from $209.00 to $206.00 and set a “hold” rating for the company in a report on Friday, April 26th. Finally, Bank of America reduced their target price on Old Dominion Freight Line from $205.00 to $192.00 and set a “neutral” rating for the company in a report on Thursday, June 6th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus 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.