Financial Engines Advisors L.L.C. Buys 17,100 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Financial Engines Advisors L.L.C. boosted its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 23.0% 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 91,487 shares of the transportation company's stock after buying an additional 17,100 shares during the quarter. Financial Engines Advisors L.L.C.'s holdings in Old Dominion Freight Line were worth $16,138,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of ODFL. Whipplewood Advisors LLC bought a new stake in Old Dominion Freight Line in the fourth quarter valued at approximately $35,000. Synergy Asset Management LLC purchased a new stake in Old Dominion Freight Line in the fourth quarter worth $41,000. RPg Family Wealth Advisory LLC purchased a new position in Old Dominion Freight Line during the 3rd quarter valued at $45,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Old Dominion Freight Line in the 4th quarter worth about $51,000. Finally, Brown Brothers Harriman & Co. boosted its stake in shares of Old Dominion Freight Line by 398.1% during 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. 77.82% of the stock is currently owned by institutional investors.

Old Dominion Freight Line Stock Performance

Old Dominion Freight Line stock traded down $5.38 during midday trading on Friday, reaching $164.85. 1,285,770 shares of the company traded hands, compared to its average volume of 1,626,009. 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, Inc. has a 12 month low of $157.67 and a 12 month high of $233.26. The firm has a market capitalization of $35.04 billion, a price-to-earnings ratio of 30.08, a price-to-earnings-growth ratio of 2.89 and a beta of 1.10. The business has a 50 day moving average of $182.63 and a two-hundred day moving average of $193.55.

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Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last released its quarterly 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%. As a group, research analysts predict that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current year.

Old Dominion Freight Line Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.12 annualized dividend and a dividend yield of 0.68%. This is a positive change from Old Dominion Freight Line's previous quarterly dividend of $0.26. Old Dominion Freight Line's dividend payout ratio is presently 18.98%.

Analysts Set New Price Targets

Several research firms have weighed in on ODFL. Citigroup cut their price objective on Old Dominion Freight Line from $205.00 to $186.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 4th. Morgan Stanley upped their price target 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. Susquehanna reaffirmed a "neutral" rating and issued a $195.00 target price (down from $218.00) on shares of Old Dominion Freight Line in a research report on Tuesday, January 7th. Bank of America dropped their price objective on shares of Old Dominion Freight Line from $237.00 to $204.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Finally, JPMorgan Chase & Co. raised their target price on shares of Old Dominion Freight Line from $186.00 to $205.00 and gave the company a "neutral" rating in a research note on Friday, December 6th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $201.40.

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.