Federated Hermes Inc. Has $600,000 Stock Holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Federated Hermes Inc. decreased its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 80.2% in the 4th quarter, HoldingsChannel reports. The fund owned 3,400 shares of the transportation company’s stock after selling 13,794 shares during the period. Federated Hermes Inc.’s holdings in Old Dominion Freight Line were worth $600,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the company. Whipplewood Advisors LLC acquired a new position in shares of Old Dominion Freight Line in the fourth quarter valued at $35,000. Synergy Asset Management LLC bought a new stake in Old Dominion Freight Line in the 4th quarter valued at $41,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of Old Dominion Freight Line in the 4th quarter valued at $51,000. Versant Capital Management Inc lifted its holdings 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 worth $62,000 after acquiring an additional 110 shares during the period. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Old Dominion Freight Line during the 4th quarter valued at about $69,000. Institutional investors own 77.82% of the company’s stock.

Analyst Upgrades and Downgrades

ODFL has been the subject of several recent research reports. Morgan Stanley set a $185.00 price target on shares of Old Dominion Freight Line in a research report on Wednesday, April 2nd. Barclays dropped their target price on Old Dominion Freight Line from $195.00 to $185.00 and set an “equal weight” rating for the company in a report on Wednesday, April 2nd. Stephens reaffirmed an “overweight” rating and issued a $240.00 price target on shares of Old Dominion Freight Line in a research note on Thursday, February 6th. Citigroup upgraded Old Dominion Freight Line from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $186.00 to $183.00 in a research note on Tuesday, April 8th. Finally, Stifel Nicolaus reduced their target price on shares of Old Dominion Freight Line from $200.00 to $188.00 and set a “buy” rating on the stock in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Old Dominion Freight Line has an average rating of “Hold” and a consensus price target of $195.15.

Old Dominion Freight Line Stock Down 3.3 %

Shares of ODFL opened at $147.85 on Thursday. The business’s fifty day moving average price is $172.78 and its two-hundred day moving average price is $189.60. The firm has a market capitalization of $31.42 billion, a price-to-earnings ratio of 26.98, a PEG ratio of 2.89 and a beta of 1.25. Old Dominion Freight Line, Inc. has a 52 week low of $145.79 and a 52 week high of $233.26. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.33.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings results on Wednesday, February 5th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, beating 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%. On average, analysts predict that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current year.

Old Dominion Freight Line Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.28 per share. This is a boost from Old Dominion Freight Line’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.12 annualized dividend and a dividend yield of 0.76%. Old Dominion Freight Line’s payout ratio is currently 20.44%.

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.