Stratos Wealth Partners LTD. Has $246,000 Stock Holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Stratos Wealth Partners LTD. cut its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 44.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,488 shares of the transportation company’s stock after selling 1,203 shares during the period. Stratos Wealth Partners LTD.’s holdings in Old Dominion Freight Line were worth $246,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. American National Bank & Trust bought a new position in Old Dominion Freight Line in the 1st quarter valued at about $30,000. Wayfinding Financial LLC bought a new position in Old Dominion Freight Line in the 1st quarter valued at about $39,000. Itau Unibanco Holding S.A. lifted its position in Old Dominion Freight Line by 518.9% in the 4th quarter. Itau Unibanco Holding S.A. now owns 229 shares of the transportation company’s stock valued at $40,000 after acquiring an additional 192 shares in the last quarter. Olde Wealth Management LLC bought a new position in Old Dominion Freight Line in the 1st quarter valued at about $43,000. Finally, Murphy & Mullick Capital Management Corp bought a new position in Old Dominion Freight Line in the 4th quarter valued at about $51,000. 77.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Stifel Nicolaus dropped their price target on shares of Old Dominion Freight Line from $188.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Wells Fargo & Company raised their price target on shares of Old Dominion Freight Line from $150.00 to $160.00 and gave the company an “underweight” rating in a research report on Monday, July 7th. Jefferies Financial Group dropped their price target 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. Baird R W raised shares of Old Dominion Freight Line to a “hold” rating in a research report on Tuesday, July 1st. Finally, Stephens reissued an “overweight” rating and set a $180.00 target price (down previously from $200.00) on shares of Old Dominion Freight Line in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $174.45.

Old Dominion Freight Line Trading Down 0.3%

NASDAQ:ODFL opened at $160.83 on Thursday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $33.99 billion, a PE ratio of 30.17, a price-to-earnings-growth ratio of 3.25 and a beta of 1.25. The firm’s 50 day moving average is $164.02 and its 200 day moving average is $170.32. Old Dominion Freight Line, Inc. has a 12 month low of $144.90 and a 12 month high of $233.26.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.05. The company had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Old Dominion Freight Line had a net margin of 20.04% and a return on equity of 27.40%. Old Dominion Freight Line’s revenue was down 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.34 EPS. Sell-side analysts expect that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current year.

Old Dominion Freight Line Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were paid a $0.28 dividend. The ex-dividend date was Wednesday, June 4th. This represents a $1.12 dividend on an annualized basis and a yield of 0.70%. Old Dominion Freight Line’s dividend payout ratio is 21.01%.

Old Dominion Freight Line Company 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.