1,239 Shares in Old Dominion Freight Line, Inc. $ODFL Purchased by waypoint wealth counsel

waypoint wealth counsel bought a new position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) during the 2nd quarter, Holdings Channel reports. The fund bought 1,239 shares of the transportation company’s stock, valued at approximately $201,000.

Other large investors also recently modified their holdings of the company. Larson Financial Group LLC grew its stake in shares of Old Dominion Freight Line by 234.8% in the first quarter. Larson Financial Group LLC now owns 154 shares of the transportation company’s stock worth $25,000 after purchasing an additional 108 shares during the last quarter. Wayfinding Financial LLC bought a new stake in shares of Old Dominion Freight Line in the first quarter worth about $39,000. Zions Bancorporation National Association UT bought a new stake in shares of Old Dominion Freight Line in the first quarter worth about $39,000. Olde Wealth Management LLC bought a new stake in Old Dominion Freight Line during the 1st quarter valued at approximately $43,000. Finally, WPG Advisers LLC bought a new stake in Old Dominion Freight Line during the 1st quarter valued at approximately $51,000. 77.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ODFL. Raymond James Financial cut their price objective on Old Dominion Freight Line from $180.00 to $165.00 and set an “outperform” rating on the stock in a research report on Thursday, July 31st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Old Dominion Freight Line in a research report on Wednesday, October 8th. Vertical Research raised Old Dominion Freight Line from a “hold” rating to a “buy” rating and set a $170.00 price objective on the stock in a research report on Thursday, July 31st. TD Cowen cut their price objective on Old Dominion Freight Line from $166.00 to $159.00 and set a “hold” rating on the stock in a research report on Thursday, July 31st. Finally, Morgan Stanley cut their price objective on Old Dominion Freight Line from $170.00 to $165.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 31st. Eight research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Old Dominion Freight Line currently has a consensus rating of “Hold” and an average target price of $164.09.

Old Dominion Freight Line Price Performance

ODFL stock opened at $134.31 on Monday. The firm has a 50 day moving average price of $146.39 and a 200-day moving average price of $155.61. Old Dominion Freight Line, Inc. has a 52-week low of $133.69 and a 52-week high of $233.26. The firm has a market capitalization of $28.23 billion, a price-to-earnings ratio of 26.23, a PEG ratio of 3.15 and a beta of 1.19. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.38 and a current ratio of 1.38.

Old Dominion Freight Line (NASDAQ:ODFL) last released its earnings results on Wednesday, July 30th. The transportation company reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.29 by ($0.02). Old Dominion Freight Line had a net margin of 19.42% and a return on equity of 25.94%. The business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the previous year, the business posted $1.48 earnings per share. Old Dominion Freight Line’s revenue for the quarter was down 6.1% on a year-over-year basis. Equities research analysts forecast that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current fiscal year.

Old Dominion Freight Line Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Wednesday, September 3rd. Old Dominion Freight Line’s dividend payout ratio (DPR) is presently 21.88%.

About Old Dominion Freight Line

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.