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

Thoroughbred Financial Services LLC decreased its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 13.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Whipplewood Advisors LLC bought a new position in Old Dominion Freight Line during the 4th quarter worth approximately $35,000. Synergy Asset Management LLC acquired a new position in shares of Old Dominion Freight Line in the 4th quarter valued at $41,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of Old Dominion Freight Line in the 4th quarter valued at $51,000. Versant Capital Management Inc raised its stake in 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 buying an additional 110 shares during the period. Finally, Kohmann Bosshard Financial Services LLC bought a new position in Old Dominion Freight Line during the fourth quarter worth about $69,000. Institutional investors own 77.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ODFL. The Goldman Sachs Group raised their price target 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. Stephens reaffirmed an “overweight” rating and issued a $240.00 price target on shares of Old Dominion Freight Line in a research note on Thursday, February 6th. Citigroup lowered their price objective on shares of Old Dominion Freight Line from $205.00 to $186.00 and set a “neutral” rating for the company in a research report on Tuesday, March 4th. Evercore ISI boosted their price objective on shares of Old Dominion Freight Line from $199.00 to $202.00 and gave the company an “in-line” rating in a research report on Thursday, February 6th. Finally, Jefferies Financial Group upped their price objective on Old Dominion Freight Line from $185.00 to $190.00 and gave the stock a “hold” rating in a research report on Friday, January 10th. Two equities 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 assigned a strong buy rating to the company. Based on data from MarketBeat, Old Dominion Freight Line has a consensus rating of “Hold” and a consensus target price of $199.70.

Old Dominion Freight Line Stock Down 2.4 %

Shares of ODFL opened at $152.06 on Friday. The stock’s 50-day moving average price is $179.81 and its two-hundred day moving average price is $192.51. Old Dominion Freight Line, Inc. has a 12 month low of $147.06 and a 12 month high of $233.26. The company has a market capitalization of $32.32 billion, a PE ratio of 27.75, a PEG ratio of 2.89 and a beta of 1.25. 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 posted its quarterly earnings data on Wednesday, February 5th. The transportation company reported $1.23 EPS for the quarter, topping 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, analysts anticipate that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current 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 paid a $0.28 dividend. This is a positive change from Old Dominion Freight Line’s previous quarterly dividend of $0.26. 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. Old Dominion Freight Line’s dividend payout ratio is currently 18.98%.

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.