Old Dominion Freight Line (NASDAQ:ODFL) Given New $158.00 Price Target at UBS Group

Old Dominion Freight Line (NASDAQ:ODFL) had its target price decreased by UBS Group from $196.00 to $158.00 in a research report report published on Tuesday,Benzinga reports. UBS Group currently has a neutral rating on the transportation company’s stock.

A number of other research analysts have also issued reports on ODFL. Jefferies Financial Group boosted their target price on shares of Old Dominion Freight Line from $185.00 to $190.00 and gave the company a “hold” rating in a research note on Friday, January 10th. Wells Fargo & Company reduced their price objective on Old Dominion Freight Line from $185.00 to $160.00 and set an “underweight” rating for the company in a research report on Thursday, March 27th. Bank of America lowered their target price on Old Dominion Freight Line from $237.00 to $204.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Stifel Nicolaus upgraded Old Dominion Freight Line from a “hold” rating to a “buy” rating and boosted their price target for the stock from $193.00 to $200.00 in a research report on Monday, February 24th. Finally, Citigroup raised Old Dominion Freight Line from a “neutral” rating to a “buy” rating and lowered their price target for the company from $186.00 to $183.00 in a report on Tuesday. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Old Dominion Freight Line has an average rating of “Hold” and a consensus price target of $197.00.

Old Dominion Freight Line Stock Down 2.0 %

NASDAQ:ODFL opened at $148.34 on Tuesday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01. The stock has a 50 day moving average of $177.36 and a 200-day moving average of $191.48. The firm has a market capitalization of $31.53 billion, a PE ratio of 27.07, a price-to-earnings-growth ratio of 2.89 and a beta of 1.25. Old Dominion Freight Line has a 52 week low of $145.96 and a 52 week high of $233.26.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its earnings results on Wednesday, February 5th. The transportation company reported $1.23 earnings per share 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%. Analysts predict that Old Dominion Freight Line 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. Shareholders of record on Wednesday, March 5th were paid a dividend of $0.28 per share. The ex-dividend date was Wednesday, March 5th. 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 yield of 0.76%. Old Dominion Freight Line’s dividend payout ratio is currently 18.98%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ODFL. Hantz Financial Services Inc. boosted its stake in Old Dominion Freight Line by 3.6% in the 4th quarter. Hantz Financial Services Inc. now owns 1,568 shares of the transportation company’s stock worth $277,000 after purchasing an additional 55 shares during the period. D.A. Davidson & CO. lifted its holdings in shares of Old Dominion Freight Line by 1.9% in the fourth quarter. D.A. Davidson & CO. now owns 2,888 shares of the transportation company’s stock valued at $509,000 after purchasing an additional 55 shares in the last quarter. Evergreen Private Wealth LLC boosted its position in shares of Old Dominion Freight Line by 0.9% in the fourth quarter. Evergreen Private Wealth LLC now owns 6,651 shares of the transportation company’s stock worth $1,173,000 after buying an additional 59 shares during the period. Lido Advisors LLC grew its holdings in shares of Old Dominion Freight Line by 3.2% during the fourth quarter. Lido Advisors LLC now owns 1,929 shares of the transportation company’s stock valued at $340,000 after buying an additional 59 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC raised its position in Old Dominion Freight Line by 5.5% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,169 shares of the transportation company’s stock valued at $206,000 after buying an additional 61 shares during the period. 77.82% of the stock is owned by hedge funds and other 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.