Old Dominion Freight Line (NASDAQ:ODFL) Research Coverage Started at BMO Capital Markets

BMO Capital Markets began coverage on shares of Old Dominion Freight Line (NASDAQ:ODFL) in a research report report published on Wednesday morning, MarketBeat.com reports. The firm issued an outperform rating and a $210.00 target price on the transportation company’s stock.

Other research analysts have also issued reports about the company. TD Cowen cut their price target 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. Barclays decreased their target price on Old Dominion Freight Line from $210.00 to $205.00 and set an equal weight rating on the stock in a research report on Thursday, April 25th. The Goldman Sachs Group upped their price target on Old Dominion Freight Line from $200.00 to $222.00 and gave the company a neutral rating in a report on Thursday, February 8th. JPMorgan Chase & Co. decreased their price objective on Old Dominion Freight Line from $231.00 to $219.00 and set a neutral rating on the stock in a report on Thursday, April 25th. Finally, UBS Group upped their target price on Old Dominion Freight Line from $202.00 to $205.00 and gave the company a neutral rating in a research note on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Hold and an average price target of $206.35.

Old Dominion Freight Line Trading Down 0.8 %

NASDAQ:ODFL opened at $168.53 on Wednesday. The company’s 50 day moving average is $193.30 and its 200-day moving average is $202.50. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.01. Old Dominion Freight Line has a 12 month low of $149.45 and a 12 month high of $227.80. The firm has a market cap of $36.62 billion, a price-to-earnings ratio of 29.67, a P/E/G ratio of 2.23 and a beta of 1.02.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its earnings results on Wednesday, April 24th. The transportation company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.33 by $0.01. The firm had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.47 billion. Old Dominion Freight Line had a net margin of 21.19% and a return on equity of 30.12%. Equities analysts anticipate that Old Dominion Freight Line will post 6.02 EPS for the current year.

Old Dominion Freight Line Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Stockholders of record on Wednesday, June 5th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date is Wednesday, June 5th. Old Dominion Freight Line’s dividend payout ratio (DPR) is currently 18.31%.

Institutional Investors Weigh In On Old Dominion Freight Line

A number of large investors have recently bought and sold shares of the business. Kestra Private Wealth Services LLC boosted its stake in Old Dominion Freight Line by 2.4% in the third quarter. Kestra Private Wealth Services LLC now owns 1,644 shares of the transportation company’s stock worth $673,000 after purchasing an additional 39 shares in the last quarter. Oppenheimer & Co. Inc. bought a new position in shares of Old Dominion Freight Line in the third quarter valued at about $783,000. Avantax Advisory Services Inc. lifted its position in Old Dominion Freight Line by 12.1% during the 3rd quarter. Avantax Advisory Services Inc. now owns 2,674 shares of the transportation company’s stock worth $1,094,000 after buying an additional 288 shares in the last quarter. Atria Wealth Solutions Inc. grew its holdings in Old Dominion Freight Line by 636.1% during the 3rd quarter. Atria Wealth Solutions Inc. now owns 10,732 shares of the transportation company’s stock worth $4,391,000 after acquiring an additional 9,274 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in Old Dominion Freight Line by 1.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 35,433 shares of the transportation company’s stock valued at $14,497,000 after acquiring an additional 402 shares in the last quarter. 77.82% of the stock is currently owned by institutional investors.

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.