6,603 Shares in Old Dominion Freight Line, Inc. $ODFL Acquired by Vise Technologies Inc.

Vise Technologies Inc. bought a new stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) in the second quarter, HoldingsChannel reports. The fund bought 6,603 shares of the transportation company’s stock, valued at approximately $1,072,000.

Other hedge funds have also modified their holdings of the company. Larson Financial Group LLC increased its position in shares of Old Dominion Freight Line by 234.8% during the 1st 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. Rossby Financial LCC acquired a new position in Old Dominion Freight Line during the second quarter valued at approximately $28,000. Zions Bancorporation National Association UT bought a new stake in shares of Old Dominion Freight Line during the 1st quarter valued at approximately $39,000. Chilton Capital Management LLC bought a new position in Old Dominion Freight Line in the second quarter valued at about $47,000. Finally, WPG Advisers LLC acquired a new position in shares of Old Dominion Freight Line during the first quarter worth $51,000. 77.82% of the stock is currently owned by institutional investors.

Old Dominion Freight Line Stock Performance

Shares of NASDAQ ODFL traded down $0.97 during mid-day trading on Thursday, hitting $137.88. 61,869 shares of the company were exchanged, compared to its average volume of 1,898,190. Old Dominion Freight Line, Inc. has a 1-year low of $133.69 and a 1-year high of $228.72. The firm has a market cap of $28.83 billion, a price-to-earnings ratio of 27.76, a price-to-earnings-growth ratio of 3.22 and a beta of 1.22. The company has a quick ratio of 1.38, a current ratio of 1.20 and a debt-to-equity ratio of 0.02. The stock has a 50 day simple moving average of $140.87 and a 200-day simple moving average of $152.77.

Old Dominion Freight Line (NASDAQ:ODFL) last released its earnings results on Wednesday, October 29th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.06. Old Dominion Freight Line had a net margin of 18.97% and a return on equity of 24.92%. The business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same period last year, the company earned $1.43 earnings per share. The company’s quarterly revenue was down 4.3% on a year-over-year basis. On average, sell-side analysts forecast that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current fiscal year.

Old Dominion Freight Line Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be paid a $0.28 dividend. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 0.8%. Old Dominion Freight Line’s dividend payout ratio (DPR) is currently 22.54%.

Analysts Set New Price Targets

A number of brokerages recently commented on ODFL. Wolfe Research boosted their target price on Old Dominion Freight Line from $129.00 to $140.00 in a research report on Tuesday, October 7th. UBS Group boosted their price target on shares of Old Dominion Freight Line from $155.00 to $164.00 and gave the company a “neutral” rating in a research report on Friday, October 3rd. Barclays cut their price target on shares of Old Dominion Freight Line from $155.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday, October 1st. Evercore ISI lowered their price target on Old Dominion Freight Line from $143.00 to $139.00 and set an “in-line” rating on the stock in a research report on Thursday, October 30th. Finally, Raymond James Financial reissued an “outperform” rating and set a $155.00 price objective (down previously from $160.00) on shares of Old Dominion Freight Line in a research note on Thursday, October 30th. Eight equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $159.33.

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.