1 week Ago By Defense World Staff
Old Dominion Freight Line, Inc. (NASDAQ:ODFL – Get Free Report) was down 4.5% during mid-day trading on Friday .
The company traded as low as $146.41 and last traded at $149.63.
Approximately 244,942 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 1,664,143 shares. The stock had previously closed at $156.75.
Analyst Ratings ChangesSeveral analysts have commented on ODFL shares. Evercore ISI boosted their target price on shares of Old Dominion Freight Line from $199.00 to $202.
00 and gave the stock an “in-line” rating in a research report on Thursday, February 6th. Jefferies Financial Group lowered their target price on shares of Old Dominion Freight Line from $195.00 to $165.
00 and set a “hold” rating on the stock in a research report on Wednesday. StockNews.com cut Old Dominion Freight Line from a “hold” rating to a “sell” rating in a research report on Saturday, March 29th.
Bank of America lowered their price objective on Old Dominion Freight Line from $237.00 to $204.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th.
Finally, UBS Group reduced their target price on Old Dominion Freight Line from $196.00 to $158.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th.
Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $195.
75.Check Out Our Latest Report on Old Dominion Freight LineOld Dominion Freight Line Stock Down 2.9 %The firm has a 50 day moving average of $175.
40 and a 200-day moving average of $190.47. 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 has a market capitalization of $32.36 billion, a P/E ratio of 27.78, a price-to-earnings-growth ratio of 2.
89 and a beta of 1.25. Old Dominion Freight Line (NASDAQ:ODFL – Get Free Report) last issued its earnings results on Wednesday, February 5th.
The transportation company reported $1.23 EPS for the quarter, beating analysts’ consensus estimates 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%. On average, equities research analysts expect that Old Dominion Freight Line, Inc. will post 5.
68 earnings per share for the current fiscal year. Old Dominion Freight Line Increases DividendThe firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.
28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.
74%. This is an increase from Old Dominion Freight Line’s previous quarterly dividend of $0.26.
The ex-dividend date of this dividend was Wednesday, March 5th. Old Dominion Freight Line’s dividend payout ratio (DPR) is presently 18.98%.
Institutional Trading of Old Dominion Freight LineInstitutional investors and hedge funds have recently added to or reduced their stakes in the business. American National Bank & Trust acquired a new stake in Old Dominion Freight Line during the first quarter valued at approximately $30,000. Whipplewood Advisors LLC acquired a new stake in Old Dominion Freight Line in the 4th quarter valued at $35,000.
Itau Unibanco Holding S.A. grew its position in Old Dominion Freight Line by 518.
9% in the fourth quarter. Itau Unibanco Holding S.A.
now owns 229 shares of the transportation company’s stock valued at $40,000 after acquiring an additional 192 shares during the period. Synergy Asset Management LLC acquired a new position in Old Dominion Freight Line during the fourth quarter worth $41,000. Finally, Murphy & Mullick Capital Management Corp bought a new position in shares of Old Dominion Freight Line during the fourth quarter valued at $51,000.
Institutional investors own 77.82% of the company’s stock. Old Dominion Freight Line Company Profile (Get Free Report)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.Read MoreFive stocks we like better than Old Dominion Freight LineHow to Use High Beta Stocks to Maximize Your Investing ProfitsRobinhood Strategies Could Be a Game-Changer for Young InvestorsAre Penny Stocks a Good Fit for Your Portfolio?Are These 3 Retail Stocks Oversold or Really in Trouble?3 Home Improvement Stocks that Can Upgrade Your PortfolioIONQ & RGTI Join DARPA Quantum Initiative: High Stakes Are Ahead.
