Callan Family Office LLC Buys New Shares in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Callan Family Office LLC purchased a new position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,743 shares of the transportation company's stock, valued at approximately $307,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Whipplewood Advisors LLC bought a new position in shares of Old Dominion Freight Line during the 4th quarter worth approximately $35,000. RPg Family Wealth Advisory LLC acquired a new position in Old Dominion Freight Line during the third quarter worth $45,000. Synergy Asset Management LLC bought a new position in shares of Old Dominion Freight Line during the fourth quarter valued at $41,000. Brown Brothers Harriman & Co. boosted its stake in shares of Old Dominion Freight Line by 398.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 269 shares of the transportation company's stock valued at $53,000 after purchasing an additional 215 shares in the last quarter. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Old Dominion Freight Line in the 3rd quarter worth about $64,000. Institutional investors own 77.82% of the company's stock.

Old Dominion Freight Line Trading Down 0.9 %

Shares of NASDAQ:ODFL traded down $1.56 during midday trading on Thursday, hitting $162.98. The company had a trading volume of 2,044,266 shares, compared to its average volume of 1,561,336. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01. Old Dominion Freight Line, Inc. has a 12 month low of $159.45 and a 12 month high of $233.26. The firm has a fifty day simple moving average of $186.67 and a 200 day simple moving average of $195.81. The stock has a market cap of $34.64 billion, a price-to-earnings ratio of 29.74, a PEG ratio of 2.89 and a beta of 1.10.

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Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last released its earnings results on Wednesday, February 5th. The transportation company reported $1.23 earnings per share 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 EPS for the current year.

Old Dominion Freight Line Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be paid a dividend of $0.28 per share. This is a positive change from Old Dominion Freight Line's previous quarterly dividend of $0.26. The ex-dividend date is Wednesday, March 5th. This represents a $1.12 annualized dividend and a yield of 0.69%. Old Dominion Freight Line's dividend payout ratio (DPR) is presently 18.98%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. The Goldman Sachs Group lifted their price target on shares of Old Dominion Freight Line from $213.00 to $235.00 and gave the company a "neutral" rating in a report on Thursday, December 12th. Stifel Nicolaus upgraded shares of Old Dominion Freight Line from a "hold" rating to a "buy" rating and lifted their target price for the company from $193.00 to $200.00 in a research note on Monday, February 24th. Jefferies Financial Group boosted their target price on Old Dominion Freight Line from $185.00 to $190.00 and gave the stock a "hold" rating in a report on Friday, January 10th. Deutsche Bank Aktiengesellschaft began coverage on Old Dominion Freight Line in a report on Friday, March 7th. They set a "buy" rating and a $236.00 price target for the company. Finally, Morgan Stanley boosted their price objective on Old Dominion Freight Line from $165.00 to $170.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Old Dominion Freight Line presently has an average rating of "Hold" and an average price target of $202.65.

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.