OneDigital Investment Advisors LLC Sells 86 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

OneDigital Investment Advisors LLC decreased its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,124 shares of the transportation company’s stock after selling 86 shares during the period. OneDigital Investment Advisors LLC’s holdings in Old Dominion Freight Line were worth $375,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ODFL. Norges Bank bought a new position in shares of Old Dominion Freight Line in the 4th quarter valued at $494,916,000. AustralianSuper Pty Ltd acquired a new position in Old Dominion Freight Line in the 4th quarter worth about $128,221,000. Raymond James Financial Inc. bought a new position in Old Dominion Freight Line in the fourth quarter valued at about $114,449,000. Thrivent Financial for Lutherans boosted its stake in shares of Old Dominion Freight Line by 92.3% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,195,331 shares of the transportation company’s stock valued at $210,856,000 after purchasing an additional 573,586 shares in the last quarter. Finally, Menora Mivtachim Holdings LTD. bought a new stake in shares of Old Dominion Freight Line during the fourth quarter worth about $79,380,000. Institutional investors and hedge funds own 77.82% of the company’s stock.

Old Dominion Freight Line Stock Down 7.7 %

Old Dominion Freight Line stock opened at $146.74 on Monday. The firm has a market capitalization of $31.13 billion, a price-to-earnings ratio of 26.78, a price-to-earnings-growth ratio of 2.89 and a beta of 1.25. The firm’s fifty day moving average price is $165.37 and its two-hundred day moving average price is $187.56. Old Dominion Freight Line, Inc. has a 1-year low of $144.90 and a 1-year high of $233.26. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.04. The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Old Dominion Freight Line had a net margin of 20.40% and a return on equity of 28.02%. On average, equities research analysts predict that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current fiscal year.

Old Dominion Freight Line Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were issued a dividend of $0.28 per share. The ex-dividend date was Wednesday, March 5th. This represents a $1.12 annualized dividend and a yield of 0.76%. This is an increase from Old Dominion Freight Line’s previous quarterly dividend of $0.26. Old Dominion Freight Line’s dividend payout ratio is 21.01%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ODFL shares. Truist Financial dropped their price objective on shares of Old Dominion Freight Line from $220.00 to $175.00 and set a “buy” rating for the company in a report on Thursday. StockNews.com lowered shares of Old Dominion Freight Line from a “hold” rating to a “sell” rating in a report on Saturday, March 29th. Barclays decreased their price objective on Old Dominion Freight Line from $185.00 to $170.00 and set an “equal weight” rating for the company in a report on Thursday. Morgan Stanley set a $185.00 target price on Old Dominion Freight Line in a report on Wednesday, April 2nd. Finally, UBS Group reduced their price target on Old Dominion Freight Line from $196.00 to $158.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Old Dominion Freight Line currently has an average rating of “Hold” and an average price target of $182.95.

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.