Amundi Sells 39,346 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Amundi lowered its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 5.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 711,807 shares of the transportation company's stock after selling 39,346 shares during the quarter. Amundi owned about 0.33% of Old Dominion Freight Line worth $127,826,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. State Street Corp increased its holdings in shares of Old Dominion Freight Line by 3.8% in the third quarter. State Street Corp now owns 7,633,531 shares of the transportation company's stock worth $1,516,324,000 after purchasing an additional 279,946 shares during the period. Geode Capital Management LLC grew its position in Old Dominion Freight Line by 6.0% in the third quarter. Geode Capital Management LLC now owns 4,830,973 shares of the transportation company's stock worth $959,005,000 after acquiring an additional 275,236 shares in the last quarter. Wellington Management Group LLP grew its position in Old Dominion Freight Line by 109.5% in the third quarter. Wellington Management Group LLP now owns 1,435,228 shares of the transportation company's stock worth $285,094,000 after acquiring an additional 750,073 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Old Dominion Freight Line by 4.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,329,826 shares of the transportation company's stock worth $264,157,000 after acquiring an additional 57,301 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Old Dominion Freight Line by 3.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,250,236 shares of the transportation company's stock worth $220,542,000 after acquiring an additional 46,570 shares in the last quarter. Institutional investors own 77.82% of the company's stock.

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Analysts Set New Price Targets

Several research analysts recently issued reports on ODFL shares. Stephens reiterated an "overweight" rating and issued a $240.00 target price on shares of Old Dominion Freight Line in a research report on Thursday, February 6th. Barclays cut their target price on shares of Old Dominion Freight Line from $210.00 to $195.00 and set an "equal weight" rating for the company in a research report on Monday. Wells Fargo & Company cut their target price on shares of Old Dominion Freight Line from $195.00 to $185.00 and set an "underweight" rating for the company in a research report on Tuesday, January 7th. Evercore ISI upped their price target on shares of Old Dominion Freight Line from $199.00 to $202.00 and gave the company an "in-line" rating in a research report on Thursday, February 6th. Finally, Bank of America cut their price target on shares of Old Dominion Freight Line from $237.00 to $204.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $202.65.

Old Dominion Freight Line Stock Down 0.9 %

Shares of NASDAQ ODFL traded down $1.56 on Thursday, reaching $162.98. 2,044,266 shares of the company's stock traded hands, compared to its average volume of 1,561,336. Old Dominion Freight Line, Inc. has a 12 month low of $159.45 and a 12 month high of $233.26. The business's 50 day simple moving average is $186.67 and its two-hundred day simple moving average is $195.81. The company has a market cap of $34.64 billion, a price-to-earnings ratio of 29.74, a price-to-earnings-growth ratio of 2.89 and a beta of 1.10. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.01.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last announced its earnings results on Wednesday, February 5th. The transportation company reported $1.23 earnings per share for the quarter, beating analysts' consensus estimates of $1.17 by $0.06. Old Dominion Freight Line had a net margin of 20.40% and a return on equity of 28.02%. As a group, equities research analysts forecast that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current fiscal year.

Old Dominion Freight Line Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be issued 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 is Wednesday, March 5th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.69%. Old Dominion Freight Line's dividend payout ratio is presently 18.98%.

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.