Old Dominion Freight Line, Inc. $ODFL Shares Sold by B.O.S.S. Retirement Advisors LLC

B.O.S.S. Retirement Advisors LLC lowered its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 6.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,660 shares of the transportation company’s stock after selling 255 shares during the quarter. B.O.S.S. Retirement Advisors LLC’s holdings in Old Dominion Freight Line were worth $594,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Fifth Third Wealth Advisors LLC grew its holdings in Old Dominion Freight Line by 4.6% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,617 shares of the transportation company’s stock worth $268,000 after buying an additional 71 shares in the last quarter. Benjamin Edwards Inc. raised its stake in Old Dominion Freight Line by 3.1% during the 1st quarter. Benjamin Edwards Inc. now owns 2,368 shares of the transportation company’s stock valued at $392,000 after acquiring an additional 71 shares in the last quarter. City Holding Co. boosted its position in Old Dominion Freight Line by 1.1% during the 1st quarter. City Holding Co. now owns 7,104 shares of the transportation company’s stock worth $1,175,000 after acquiring an additional 75 shares during the period. Brighton Jones LLC grew its stake in shares of Old Dominion Freight Line by 5.3% in the fourth quarter. Brighton Jones LLC now owns 1,559 shares of the transportation company’s stock worth $275,000 after purchasing an additional 79 shares in the last quarter. Finally, Fortitude Advisory Group L.L.C. increased its holdings in shares of Old Dominion Freight Line by 5.4% during the first quarter. Fortitude Advisory Group L.L.C. now owns 1,558 shares of the transportation company’s stock valued at $258,000 after purchasing an additional 80 shares during the period. 77.82% of the stock is currently owned by hedge funds and other institutional investors.

Old Dominion Freight Line Trading Down 1.1%

Shares of NASDAQ:ODFL opened at $139.24 on Thursday. The firm has a fifty day moving average of $148.64 and a two-hundred day moving average of $156.97. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.04. Old Dominion Freight Line, Inc. has a 12-month low of $133.69 and a 12-month high of $233.26. The firm has a market capitalization of $29.26 billion, a P/E ratio of 27.20, a price-to-earnings-growth ratio of 3.27 and a beta of 1.19.

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

Old Dominion Freight Line Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ODFL. Truist Financial upped their price objective on shares of Old Dominion Freight Line from $175.00 to $180.00 and gave the stock a “buy” rating in a report on Monday, June 30th. Citigroup reduced their price target on shares of Old Dominion Freight Line from $174.00 to $173.00 and set a “buy” rating for the company in a research note on Wednesday, September 10th. Barclays decreased their price objective 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. Baird R W raised Old Dominion Freight Line to a “hold” rating in a report on Tuesday, July 1st. Finally, Stephens cut their target price on Old Dominion Freight Line from $186.00 to $174.00 and set an “overweight” rating for the company in a research report on Thursday, July 31st. Eight equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Old Dominion Freight Line presently has an average rating of “Hold” and a consensus price target of $166.10.

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.