International Assets Investment Management LLC Has $602,000 Stock Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

International Assets Investment Management LLC lessened its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 99.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,426 shares of the transportation company's stock after selling 681,882 shares during the period. International Assets Investment Management LLC's holdings in Old Dominion Freight Line were worth $602,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Nordea Investment Management AB lifted its holdings in shares of Old Dominion Freight Line by 1.4% in the fourth quarter. Nordea Investment Management AB now owns 15,629 shares of the transportation company's stock valued at $2,788,000 after buying an additional 213 shares during the period. Central Pacific Bank Trust Division raised its position in Old Dominion Freight Line by 4.9% in the fourth quarter. Central Pacific Bank Trust Division now owns 3,858 shares of the transportation company's stock worth $681,000 after acquiring an additional 179 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Old Dominion Freight Line by 12.1% in the 4th quarter. GAMMA Investing LLC now owns 2,091 shares of the transportation company's stock valued at $369,000 after acquiring an additional 226 shares during the last quarter. Versant Capital Management Inc lifted its holdings in Old Dominion Freight Line by 45.5% in the 4th 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, Principal Financial Group Inc. boosted its position in shares of Old Dominion Freight Line by 26.9% during the 3rd quarter. Principal Financial Group Inc. now owns 421,140 shares of the transportation company's stock valued at $83,655,000 after purchasing an additional 89,395 shares in the last quarter. Institutional investors and hedge funds own 77.82% of the company's stock.

Insider Transactions at Old Dominion Freight Line

In related news, Director Leo H. Suggs sold 3,000 shares of the company's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $225.44, for a total transaction of $676,320.00. Following the completion of the sale, the director now directly owns 7,383 shares of the company's stock, valued at approximately $1,664,423.52. This represents a 28.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Greg C. Gantt sold 7,000 shares of the firm's stock in a transaction on Monday, October 28th. The shares were sold at an average price of $200.07, for a total transaction of $1,400,490.00. Following the completion of the transaction, the director now owns 97,890 shares in the company, valued at $19,584,852.30. The trade was a 6.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.90% of the stock is currently owned by corporate insiders.

Old Dominion Freight Line Stock Down 1.8 %

NASDAQ:ODFL traded down $3.17 during mid-day trading on Friday, reaching $176.41. The stock had a trading volume of 1,045,690 shares, compared to its average volume of 1,195,265. The stock has a market cap of $37.66 billion, a P/E ratio of 30.84, a PEG ratio of 4.21 and a beta of 1.05. The business's 50 day moving average is $202.88 and its 200 day moving average is $197.40. 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 fifty-two week low of $165.49 and a fifty-two week high of $233.26.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.42 by $0.01. Old Dominion Freight Line had a net margin of 21.03% and a return on equity of 29.40%. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the prior year, the business posted $1.54 EPS. Old Dominion Freight Line's quarterly revenue was down 3.0% on a year-over-year basis. As a group, sell-side analysts predict that Old Dominion Freight Line, Inc. will post 5.42 earnings per share for the current year.

Old Dominion Freight Line Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th were given a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.59%. Old Dominion Freight Line's dividend payout ratio is currently 18.18%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. The Goldman Sachs Group increased their target price on shares of Old Dominion Freight Line from $213.00 to $235.00 and gave the company a "neutral" rating in a research note on Thursday, December 12th. Citigroup increased their price objective on Old Dominion Freight Line from $201.00 to $241.00 and gave the company a "neutral" rating in a research report on Tuesday, November 12th. Wells Fargo & Company decreased their target price on Old Dominion Freight Line from $195.00 to $185.00 and set an "underweight" rating on the stock in a report on Tuesday. JPMorgan Chase & Co. upped their target price on Old Dominion Freight Line from $186.00 to $205.00 and gave the company a "neutral" rating in a report on Friday, December 6th. Finally, Jefferies Financial Group lifted their price target on Old Dominion Freight Line from $185.00 to $190.00 and gave the stock a "hold" rating in a research note on Friday. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $203.33.

Old Dominion Freight Line Company 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.