Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Given Consensus Rating of "Hold" by Analysts

Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Get Free Report) has earned a consensus recommendation of "Hold" from the twenty-three ratings firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, fifteen have assigned a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $202.65.

A number of analysts recently commented on ODFL shares. The Goldman Sachs Group lifted their price objective on Old Dominion Freight Line from $213.00 to $235.00 and gave the stock a "neutral" rating in a research report on Thursday, December 12th. StockNews.com upgraded shares of Old Dominion Freight Line from a "sell" rating to a "hold" rating in a research report on Saturday, February 15th. Morgan Stanley increased 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. Stephens reaffirmed an "overweight" rating and set a $240.00 target price on shares of Old Dominion Freight Line in a report on Thursday, February 6th. Finally, Wells Fargo & Company cut their price target on Old Dominion Freight Line from $195.00 to $185.00 and set an "underweight" rating on the stock in a research note on Tuesday, January 7th.

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Institutional Investors Weigh In On Old Dominion Freight Line

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. 111 Capital acquired a new stake in shares of Old Dominion Freight Line in the fourth quarter valued at approximately $380,000. Cim LLC grew its position in Old Dominion Freight Line by 2.6% in the fourth quarter. Cim LLC now owns 7,056 shares of the transportation company's stock valued at $1,245,000 after purchasing an additional 182 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Old Dominion Freight Line in the 4th quarter valued at $39,633,000. Jefferies Financial Group Inc. bought a new stake in Old Dominion Freight Line during the 4th quarter worth about $1,127,000. Finally, Challenger Wealth Management bought a new stake in Old Dominion Freight Line during the 4th quarter worth about $233,000. Institutional investors and hedge funds own 77.82% of the company's stock.

Old Dominion Freight Line Price Performance

Shares of ODFL stock traded up $4.83 during trading hours on Friday, reaching $170.05. 1,302,583 shares of the company were exchanged, compared to its average volume of 1,568,713. Old Dominion Freight Line has a fifty-two week low of $157.67 and a fifty-two week high of $233.26. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.33 and a quick ratio of 1.33. The stock's fifty day moving average is $184.41 and its two-hundred day moving average is $194.29. The company has a market cap of $36.14 billion, a price-to-earnings ratio of 31.03, a P/E/G ratio of 2.89 and a beta of 1.10.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.06. Old Dominion Freight Line had a return on equity of 28.02% and a net margin of 20.40%. Sell-side analysts forecast that Old Dominion Freight Line will post 5.68 earnings per share for the current fiscal year.

Old Dominion Freight Line Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.28 per share. This is a boost from Old Dominion Freight Line's previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend was Wednesday, March 5th. Old Dominion Freight Line's dividend payout ratio is currently 18.98%.

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.