Banco Bilbao Vizcaya Argentaria S.A. Decreases Stock Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Banco Bilbao Vizcaya Argentaria S.A. reduced its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 34.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,867 shares of the transportation company’s stock after selling 2,008 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Old Dominion Freight Line were worth $682,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC bought a new stake in shares of Old Dominion Freight Line during the 4th quarter valued at $35,000. Synergy Asset Management LLC purchased a new stake in Old Dominion Freight Line in the fourth quarter worth about $41,000. Murphy & Mullick Capital Management Corp bought a new position in shares of Old Dominion Freight Line in the fourth quarter worth about $51,000. Versant Capital Management Inc lifted its position in shares of 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 valued at $62,000 after buying an additional 110 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Old Dominion Freight Line in the 4th quarter worth approximately $69,000. 77.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Morgan Stanley set a $185.00 target price on shares of Old Dominion Freight Line in a research note on Wednesday, April 2nd. Raymond James set a $185.00 target price on shares of Old Dominion Freight Line and gave the stock an “outperform” rating in a research note on Thursday. Evercore ISI reduced their price objective on shares of Old Dominion Freight Line from $164.00 to $156.00 and set an “in-line” rating on the stock in a research report on Thursday, April 24th. Jefferies Financial Group reduced their price objective 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, April 9th. Finally, Wells Fargo & Company set a $150.00 price objective on shares of Old Dominion Freight Line and gave the company an “underweight” rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Old Dominion Freight Line presently has an average rating of “Hold” and a consensus target price of $182.95.

Old Dominion Freight Line Stock Up 1.5 %

Shares of ODFL stock opened at $149.00 on Tuesday. The stock’s 50-day simple moving average is $164.25 and its 200-day simple moving average is $187.20. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.33. The firm has a market capitalization of $31.61 billion, a PE ratio of 27.19, a P/E/G ratio of 2.89 and a beta of 1.25. Old Dominion Freight Line, Inc. has a fifty-two week low of $144.90 and a fifty-two week high of $233.26.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its earnings results on Wednesday, April 23rd. The transportation company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.14 by $0.05. Old Dominion Freight Line had a return on equity of 28.02% and a net margin of 20.40%. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period last year, the company earned $1.34 earnings per share. Old Dominion Freight Line’s revenue for the quarter was down 5.8% compared to the same quarter last year. Equities analysts expect that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current year.

Old Dominion Freight Line Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were given a dividend of $0.28 per share. The ex-dividend date was Wednesday, March 5th. This is a boost 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 0.75%. Old Dominion Freight Line’s dividend payout ratio is currently 21.01%.

Old Dominion Freight Line 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.