Entropy Technologies LP Invests $1.19 Million in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Entropy Technologies LP purchased a new stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 6,763 shares of the transportation company's stock, valued at approximately $1,193,000.

Other large investors also recently bought and sold shares of the company. Synergy Asset Management LLC purchased a new stake in Old Dominion Freight Line during the 4th quarter worth approximately $41,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of Old Dominion Freight Line in the third quarter valued at approximately $45,000. Brown Brothers Harriman & Co. lifted its holdings in Old Dominion Freight Line by 398.1% in the third quarter. Brown Brothers Harriman & Co. now owns 269 shares of the transportation company's stock valued at $53,000 after acquiring an additional 215 shares during the last quarter. Versant Capital Management Inc lifted its holdings in Old Dominion Freight Line by 45.5% in the fourth quarter. Versant Capital Management Inc now owns 352 shares of the transportation company's stock valued at $62,000 after acquiring an additional 110 shares during the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in Old Dominion Freight Line in the third quarter valued at approximately $64,000. 77.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ODFL. Susquehanna reiterated a "neutral" rating and issued a $195.00 price objective (down from $218.00) on shares of Old Dominion Freight Line in a report on Tuesday, January 7th. Jefferies Financial Group upped their price objective on Old Dominion Freight Line from $185.00 to $190.00 and gave the company a "hold" rating in a report on Friday, January 10th. The Goldman Sachs Group upped their price objective on Old Dominion Freight Line from $213.00 to $235.00 and gave the company a "neutral" rating in a report on Thursday, December 12th. StockNews.com cut Old Dominion Freight Line from a "hold" rating to a "sell" rating in a research note on Friday, February 7th. Finally, TD Cowen decreased their price target on Old Dominion Freight Line from $203.00 to $196.00 and set a "hold" rating on the stock in a research note on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Old Dominion Freight Line presently has a consensus rating of "Hold" and a consensus target price of $203.33.

Old Dominion Freight Line Stock Down 0.0 %

NASDAQ:ODFL traded down $0.05 during trading hours on Friday, hitting $206.34. The company's stock had a trading volume of 1,274,115 shares, compared to its average volume of 1,516,791. The stock has a market capitalization of $44.05 billion, a P/E ratio of 37.65, a price-to-earnings-growth ratio of 5.30 and a beta of 1.05. The stock has a fifty day moving average of $189.35 and a 200-day moving average of $197.87. 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 52-week low of $165.49 and a 52-week high of $233.26.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last posted its earnings results 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%. On average, equities analysts forecast that Old Dominion Freight Line, Inc. will post 5.69 earnings per share 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. Shareholders of record on Wednesday, March 5th will be issued 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 dividend yield of 0.54%. Old Dominion Freight Line's dividend payout ratio (DPR) is presently 18.98%.

About Old Dominion Freight Line

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.