Atria Investments Inc Sells 2,006 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Atria Investments Inc reduced its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 13.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,430 shares of the transportation company's stock after selling 2,006 shares during the period. Atria Investments Inc's holdings in Old Dominion Freight Line were worth $2,369,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Avanza Fonder AB acquired a new stake in Old Dominion Freight Line in the fourth quarter valued at about $3,741,000. AustralianSuper Pty Ltd acquired a new stake in shares of Old Dominion Freight Line in the 4th quarter valued at approximately $128,221,000. Toronto Dominion Bank grew its holdings in shares of Old Dominion Freight Line by 77.7% during the 3rd quarter. Toronto Dominion Bank now owns 98,061 shares of the transportation company's stock valued at $19,479,000 after purchasing an additional 42,880 shares during the last quarter. Board of the Pension Protection Fund acquired a new position in Old Dominion Freight Line during the 4th quarter worth approximately $600,000. Finally, Reliant Investment Management LLC increased its position in Old Dominion Freight Line by 10.4% during the 4th quarter. Reliant Investment Management LLC now owns 21,850 shares of the transportation company's stock worth $3,854,000 after purchasing an additional 2,060 shares in the last quarter. 77.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ODFL has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Old Dominion Freight Line in a research note on Friday, March 7th. They set a "buy" rating and a $236.00 target price on the stock. Wells Fargo & Company decreased their price target 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. Barclays cut their price target on shares of Old Dominion Freight Line from $210.00 to $195.00 and set an "equal weight" rating on the stock in a report on Monday. Morgan Stanley raised their target price on Old Dominion Freight Line from $165.00 to $170.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. Finally, Stephens reiterated an "overweight" rating and issued a $240.00 price target on shares of Old Dominion Freight Line in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $202.65.

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Old Dominion Freight Line Stock Down 0.9 %

Shares of ODFL traded down $1.56 during trading hours on Thursday, hitting $162.98. The stock had a trading volume of 2,016,172 shares, compared to its average volume of 1,558,423. Old Dominion Freight Line, Inc. has a 1-year low of $159.45 and a 1-year high of $233.26. The firm has a market capitalization of $34.64 billion, a P/E ratio of 29.74, a price-to-earnings-growth ratio of 2.89 and a beta of 1.10. The firm has a 50 day simple moving average of $186.67 and a 200-day simple moving average of $195.81. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.33 and a quick ratio of 1.33.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The transportation company reported $1.23 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%. Sell-side analysts predict that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current fiscal year.

Old Dominion Freight Line Increases Dividend

The firm also recently disclosed 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. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend is Wednesday, March 5th. Old Dominion Freight Line's dividend payout ratio (DPR) is currently 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.