OneAscent Wealth Management LLC Grows Stock Holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

OneAscent Wealth Management LLC increased its holdings in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 97.3% in the first quarter, Holdings Channel reports. The firm owned 2,245 shares of the transportation company’s stock after acquiring an additional 1,107 shares during the period. OneAscent Wealth Management LLC’s holdings in Old Dominion Freight Line were worth $492,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its holdings in Old Dominion Freight Line by 22.5% during the 4th quarter. Jones Financial Companies Lllp now owns 147 shares of the transportation company’s stock valued at $60,000 after purchasing an additional 27 shares in the last quarter. Lido Advisors LLC lifted its stake in shares of Old Dominion Freight Line by 3.1% in the third quarter. Lido Advisors LLC now owns 969 shares of the transportation company’s stock worth $397,000 after acquiring an additional 29 shares in the last quarter. Cary Street Partners Investment Advisory LLC boosted its holdings in Old Dominion Freight Line by 14.6% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 235 shares of the transportation company’s stock valued at $96,000 after purchasing an additional 30 shares during the last quarter. Avantax Advisory Services Inc. grew its stake in Old Dominion Freight Line by 1.1% during the 4th quarter. Avantax Advisory Services Inc. now owns 2,704 shares of the transportation company’s stock valued at $1,096,000 after purchasing an additional 30 shares in the last quarter. Finally, Drive Wealth Management LLC increased its holdings in Old Dominion Freight Line by 5.3% during the 4th quarter. Drive Wealth Management LLC now owns 778 shares of the transportation company’s stock worth $316,000 after purchasing an additional 39 shares during the last quarter. 77.82% of the stock is currently owned by institutional investors and hedge funds.

Old Dominion Freight Line Trading Up 1.3 %

NASDAQ ODFL traded up $2.23 on Friday, hitting $176.60. 3,118,740 shares of the company were exchanged, compared to its average volume of 1,731,722. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.29 and a quick ratio of 2.29. Old Dominion Freight Line, Inc. has a twelve month low of $165.49 and a twelve month high of $227.80. The firm has a market capitalization of $38.37 billion, a P/E ratio of 31.09, a price-to-earnings-growth ratio of 2.27 and a beta of 1.02. The company’s 50 day moving average price is $179.13 and its 200-day moving average price is $200.02.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its quarterly earnings results on Wednesday, April 24th. The transportation company reported $1.34 EPS for the quarter, beating the consensus estimate of $1.33 by $0.01. Old Dominion Freight Line had a net margin of 21.19% and a return on equity of 30.12%. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.47 billion. Analysts predict that Old Dominion Freight Line, Inc. will post 5.96 earnings per share for the current fiscal year.

Old Dominion Freight Line Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Wednesday, June 5th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.59%. The ex-dividend date was Wednesday, June 5th. Old Dominion Freight Line’s payout ratio is 18.31%.

Analyst Ratings Changes

Several equities analysts have recently commented on ODFL shares. BMO Capital Markets initiated coverage on Old Dominion Freight Line in a research note on Wednesday, June 5th. They set an “outperform” rating and a $210.00 target price for the company. TD Cowen dropped their price target on Old Dominion Freight Line from $209.00 to $206.00 and set a “hold” rating on the stock in a research report on Friday, April 26th. Evercore ISI reaffirmed an “in-line” rating and issued a $196.00 price objective (down previously from $225.00) on shares of Old Dominion Freight Line in a report on Tuesday. Robert W. Baird upgraded shares of Old Dominion Freight Line from a “neutral” rating to an “outperform” rating and set a $205.00 price target on the stock in a research report on Wednesday, May 8th. Finally, Vertical Research raised shares of Old Dominion Freight Line from a “sell” rating to a “hold” rating and set a $175.00 price target for the company in a report on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $201.18.

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.