Old Dominion Freight Line (NASDAQ:ODFL) shares hit a new 52-week high on Monday . The company traded as high as $171.77 and last traded at $171.09, with a volume of 1186900 shares traded. The stock had previously closed at $171.09.

A number of brokerages have recently weighed in on ODFL. Cowen dropped their price objective on shares of Old Dominion Freight Line from $205.00 to $138.00 and set a “market perform” rating for the company in a research note on Friday, April 24th. Morgan Stanley raised their price objective on shares of Old Dominion Freight Line from $145.00 to $154.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. Deutsche Bank raised their price objective on shares of Old Dominion Freight Line from $125.00 to $133.00 and gave the stock a “hold” rating in a research note on Monday, April 27th. Bank of America cut shares of Old Dominion Freight Line from a “neutral” rating to an “underperform” rating in a research note on Sunday, April 19th. Finally, Credit Suisse Group lifted their target price on shares of Old Dominion Freight Line from $130.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. Old Dominion Freight Line presently has an average rating of “Hold” and a consensus price target of $131.00.

The stock has a 50-day simple moving average of $146.10 and a 200-day simple moving average of $179.05. The company has a market cap of $20.18 billion, a price-to-earnings ratio of 32.83, a price-to-earnings-growth ratio of 3.95 and a beta of 1.06.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its quarterly earnings results on Thursday, April 23rd. The transportation company reported $1.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.01). Old Dominion Freight Line had a return on equity of 20.85% and a net margin of 14.99%. The business had revenue of $987.36 million for the quarter, compared to analyst estimates of $982.15 million. During the same quarter last year, the firm posted $1.64 EPS. The company’s revenue was down .3% compared to the same quarter last year. Equities analysts forecast that Old Dominion Freight Line will post 4.57 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd will be issued a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, June 2nd. This represents a $0.60 annualized dividend and a dividend yield of 0.36%. Old Dominion Freight Line’s dividend payout ratio (DPR) is 11.94%.

Institutional investors have recently made changes to their positions in the company. California Public Employees Retirement System boosted its holdings in shares of Old Dominion Freight Line by 4.6% in the fourth quarter. California Public Employees Retirement System now owns 155,434 shares of the transportation company’s stock worth $29,498,000 after buying an additional 6,795 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of Old Dominion Freight Line by 7.3% in the fourth quarter. Russell Investments Group Ltd. now owns 9,763 shares of the transportation company’s stock worth $1,848,000 after buying an additional 660 shares during the period. Hartford Investment Management Co. acquired a new position in shares of Old Dominion Freight Line in the fourth quarter worth about $1,301,000. CFM Wealth Partners LLC acquired a new position in shares of Old Dominion Freight Line in the fourth quarter worth about $470,000. Finally, Creative Planning boosted its holdings in shares of Old Dominion Freight Line by 264.3% in the fourth quarter. Creative Planning now owns 6,619 shares of the transportation company’s stock worth $1,256,000 after buying an additional 4,802 shares during the period. Institutional investors and hedge funds own 73.54% of the company’s stock.

Old Dominion Freight Line Company Profile (NASDAQ:ODFL)

Old Dominion Freight Line, Inc operates as a less-than-truckload (LTL) motor carrier in the United States and North America. It provides regional, inter-regional, and national LTL services, including expedited transportation. The company also offers various value-added services, such as container drayage, truckload brokerage, and supply chain consulting.

Featured Article: How to calculate the annual rate of depreciation

Receive News & Ratings for Old Dominion Freight Line Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old Dominion Freight Line and related companies with MarketBeat.com's FREE daily email newsletter.