iA Global Asset Management Inc. Sells 3,727 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

iA Global Asset Management Inc. lowered its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 11.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,891 shares of the transportation company's stock after selling 3,727 shares during the quarter. iA Global Asset Management Inc.'s holdings in Old Dominion Freight Line were worth $5,273,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. SevenBridge Financial Group LLC boosted its stake in shares of Old Dominion Freight Line by 2.0% in the 3rd quarter. SevenBridge Financial Group LLC now owns 2,611 shares of the transportation company's stock worth $519,000 after buying an additional 50 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in Old Dominion Freight Line by 0.5% in the third quarter. Advisors Asset Management Inc. now owns 10,888 shares of the transportation company's stock valued at $2,163,000 after acquiring an additional 55 shares during the period. Hantz Financial Services Inc. boosted its position in Old Dominion Freight Line by 3.6% in the fourth quarter. Hantz Financial Services Inc. now owns 1,568 shares of the transportation company's stock worth $277,000 after purchasing an additional 55 shares during the last quarter. D.A. Davidson & CO. grew its stake in shares of Old Dominion Freight Line by 1.9% during the 4th quarter. D.A. Davidson & CO. now owns 2,888 shares of the transportation company's stock valued at $509,000 after purchasing an additional 55 shares during the period. Finally, Evergreen Private Wealth LLC grew its stake in shares of Old Dominion Freight Line by 0.9% during the 4th quarter. Evergreen Private Wealth LLC now owns 6,651 shares of the transportation company's stock valued at $1,173,000 after purchasing an additional 59 shares during the period. Institutional investors own 77.82% of the company's stock.

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Analysts Set New Price Targets

ODFL has been the topic of a number of research reports. Susquehanna reissued a "neutral" rating and issued a $195.00 price objective (down previously from $218.00) on shares of Old Dominion Freight Line in a report on Tuesday, January 7th. Evercore ISI lifted their price target on shares of Old Dominion Freight Line from $199.00 to $202.00 and gave the stock an "in-line" rating in a research note on Thursday, February 6th. Stephens reissued an "overweight" rating and set a $240.00 price objective on shares of Old Dominion Freight Line in a research report on Thursday, February 6th. StockNews.com raised Old Dominion Freight Line from a "sell" rating to a "hold" rating in a report on Saturday, February 15th. Finally, Barclays cut their price target on Old Dominion Freight Line from $210.00 to $195.00 and set an "equal weight" rating for the company in a report on Monday, March 10th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $202.65.

Old Dominion Freight Line Trading Down 1.4 %

Shares of NASDAQ:ODFL traded down $2.45 during trading on Tuesday, reaching $167.60. The company's stock had a trading volume of 1,478,554 shares, compared to its average volume of 1,568,571. The stock has a market capitalization of $35.62 billion, a PE ratio of 30.58, a price-to-earnings-growth ratio of 2.89 and a beta of 1.10. Old Dominion Freight Line, Inc. has a 12 month low of $157.67 and a 12 month high of $233.26. 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's 50 day simple moving average is $184.20 and its two-hundred day simple moving average is $194.17.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The transportation company reported $1.23 earnings per share (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, research 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 company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were given a dividend of $0.28 per share. This is a boost from Old Dominion Freight Line's previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.12 dividend on an annualized basis and a yield of 0.67%. Old Dominion Freight Line's payout ratio is 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.