Blair William & Co. IL decreased its holdings in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 21.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,922 shares of the transportation company's stock after selling 6,339 shares during the period. Blair William & Co. IL's holdings in Old Dominion Freight Line were worth $4,043,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently added to or reduced their stakes in the company. Avanza Fonder AB acquired a new stake in Old Dominion Freight Line during the 4th quarter worth $3,741,000. AustralianSuper Pty Ltd purchased a new stake in Old Dominion Freight Line in the 4th quarter valued at about $128,221,000. Toronto Dominion Bank boosted its stake in Old Dominion Freight Line by 77.7% during the third quarter. Toronto Dominion Bank now owns 98,061 shares of the transportation company's stock worth $19,479,000 after buying an additional 42,880 shares during the period. Blueshift Asset Management LLC purchased a new stake in shares of Old Dominion Freight Line in the 4th quarter valued at approximately $630,000. Finally, Board of the Pension Protection Fund acquired a new position in shares of Old Dominion Freight Line in the 4th quarter worth approximately $600,000. Institutional investors and hedge funds own 77.82% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on ODFL. Deutsche Bank Aktiengesellschaft assumed coverage on Old Dominion Freight Line in a research report on Friday, March 7th. They issued a "buy" rating and a $236.00 target price on the stock. Citigroup decreased their price target on shares of Old Dominion Freight Line from $205.00 to $186.00 and set a "neutral" rating for the company in a research report on Tuesday, March 4th. Stephens reiterated an "overweight" rating and issued a $240.00 target price on shares of Old Dominion Freight Line in a report on Thursday, February 6th. Jefferies Financial Group increased their price target on Old Dominion Freight Line from $185.00 to $190.00 and gave the company a "hold" rating in a research report on Friday, January 10th. Finally, StockNews.com lowered shares of Old Dominion Freight Line from a "hold" rating to a "sell" rating in a research note on Saturday, March 29th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $199.70.
Get Our Latest Report on ODFL
Old Dominion Freight Line Stock Performance
Shares of Old Dominion Freight Line stock traded down $3.69 on Friday, reaching $152.06. 3,326,316 shares of the stock were exchanged, compared to its average volume of 1,646,353. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $32.32 billion, a PE ratio of 27.75, a PEG ratio of 2.89 and a beta of 1.10. Old Dominion Freight Line, Inc. has a 1-year low of $147.06 and a 1-year high of $233.26. The business has a fifty day moving average price of $179.81 and a two-hundred day moving average price of $192.51.
Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The transportation company reported $1.23 earnings per share for the quarter, topping 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, research analysts anticipate that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current fiscal year.
Old Dominion Freight Line Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were paid a dividend of $0.28 per share. This is an increase from Old Dominion Freight Line's previous quarterly dividend of $0.26. The ex-dividend date was Wednesday, March 5th. This represents a $1.12 annualized dividend and a dividend yield of 0.74%. Old Dominion Freight Line's dividend payout ratio is presently 18.98%.
About Old Dominion Freight Line
(
Free Report)
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.
Further Reading
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