Thoroughbred Financial Services LLC Has $826,000 Stock Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Thoroughbred Financial Services LLC cut its holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 13.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,687 shares of the transportation company’s stock after selling 713 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in Old Dominion Freight Line were worth $826,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of ODFL. Whipplewood Advisors LLC acquired a new position in shares of Old Dominion Freight Line during the 4th quarter valued at $35,000. Synergy Asset Management LLC bought a new stake in Old Dominion Freight Line in the fourth quarter valued at $41,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of Old Dominion Freight Line during the fourth quarter valued at about $51,000. Versant Capital Management Inc boosted its position in shares of Old Dominion Freight Line by 45.5% during the 4th quarter. Versant Capital Management Inc now owns 352 shares of the transportation company’s stock worth $62,000 after purchasing an additional 110 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Old Dominion Freight Line in the 4th quarter valued at about $69,000. 77.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ODFL has been the topic of a number of research reports. Jefferies Financial Group upped their price target on Old Dominion Freight Line from $185.00 to $190.00 and gave the stock a “hold” rating in a research note on Friday, January 10th. The Goldman Sachs Group increased their target price on Old Dominion Freight Line from $213.00 to $235.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th. Stifel Nicolaus raised shares of Old Dominion Freight Line from a “hold” rating to a “buy” rating and lifted their price target for the company from $193.00 to $200.00 in a research report on Monday, February 24th. Stephens restated an “overweight” rating and set a $240.00 price objective on shares of Old Dominion Freight Line in a report on Thursday, February 6th. Finally, Morgan Stanley lifted their price objective on shares of Old Dominion Freight Line from $165.00 to $170.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $199.70.

Old Dominion Freight Line Stock Down 2.4 %

Shares of NASDAQ:ODFL opened at $152.06 on Friday. Old Dominion Freight Line, Inc. has a 1 year low of $147.06 and a 1 year high of $233.26. The company has a market capitalization of $32.32 billion, a PE ratio of 27.75, a price-to-earnings-growth ratio of 2.89 and a beta of 1.25. The business has a fifty day moving average price of $179.81 and a two-hundred day moving average price of $192.51. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.33 and a quick ratio of 1.33.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings results on Wednesday, February 5th. The transportation company reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.06. Old Dominion Freight Line had a net margin of 20.40% and a return on equity of 28.02%. Analysts forecast that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current 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 $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date was Wednesday, March 5th. This is a boost from Old Dominion Freight Line’s previous quarterly dividend of $0.26. Old Dominion Freight Line’s payout ratio is 18.98%.

Old Dominion Freight Line 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.