Nisa Investment Advisors LLC Has $10.18 Million Stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Nisa Investment Advisors LLC cut its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 15.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 57,658 shares of the transportation company’s stock after selling 10,176 shares during the period. Nisa Investment Advisors LLC’s holdings in Old Dominion Freight Line were worth $10,182,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Trust Co. of Vermont bought a new position in shares of Old Dominion Freight Line during the fourth quarter worth about $27,000. Farmers & Merchants Investments Inc. grew its stake in shares of Old Dominion Freight Line by 100.0% during the 1st quarter. Farmers & Merchants Investments Inc. now owns 124 shares of the transportation company’s stock worth $27,000 after acquiring an additional 62 shares in the last quarter. Atwood & Palmer Inc. raised its holdings in shares of Old Dominion Freight Line by 3,700.0% in the second quarter. Atwood & Palmer Inc. now owns 152 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 148 shares during the last quarter. Raleigh Capital Management Inc. acquired a new stake in shares of Old Dominion Freight Line in the fourth quarter valued at approximately $29,000. Finally, Fortitude Family Office LLC lifted its position in shares of Old Dominion Freight Line by 103.0% in the first quarter. Fortitude Family Office LLC now owns 134 shares of the transportation company’s stock worth $29,000 after purchasing an additional 68 shares in the last quarter. Institutional investors own 77.82% of the company’s stock.

Old Dominion Freight Line Price Performance

Shares of ODFL stock traded down $0.01 on Monday, hitting $200.16. 755,079 shares of the company’s stock were exchanged, compared to its average volume of 1,621,626. Old Dominion Freight Line, Inc. has a 12 month low of $165.49 and a 12 month high of $227.80. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.46 and a quick ratio of 1.46. The company has a 50 day moving average of $187.72 and a 200 day moving average of $199.08. The stock has a market cap of $43.49 billion, a P/E ratio of 35.24, a price-to-earnings-growth ratio of 3.75 and a beta of 1.00.

Old Dominion Freight Line (NASDAQ:ODFL) last released its quarterly earnings data on Wednesday, July 24th. The transportation company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.03. Old Dominion Freight Line had a return on equity of 30.33% and a net margin of 21.38%. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter last year, the business posted $1.33 EPS. Old Dominion Freight Line’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, equities research analysts predict that Old Dominion Freight Line, Inc. will post 5.7 EPS for the current year.

Old Dominion Freight Line Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $1.04 dividend on an annualized basis and a yield of 0.52%. Old Dominion Freight Line’s dividend payout ratio (DPR) is currently 18.31%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ODFL. Morgan Stanley lowered their price target on shares of Old Dominion Freight Line from $174.00 to $168.00 and set an “equal weight” rating on the stock in a research note on Monday, July 8th. Benchmark reaffirmed a “hold” rating on shares of Old Dominion Freight Line in a research report on Thursday, July 25th. UBS Group increased their price target on Old Dominion Freight Line from $202.00 to $205.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. Susquehanna lowered their price target on Old Dominion Freight Line from $245.00 to $210.00 and set a “positive” rating on the stock in a research report on Wednesday, June 12th. Finally, Raymond James increased their price objective on Old Dominion Freight Line from $190.00 to $209.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Old Dominion Freight Line currently has a consensus rating of “Hold” and an average target price of $202.78.

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.