National Bank of Canada FI Sells 205,903 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

National Bank of Canada FI lowered its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 64.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 113,693 shares of the transportation company's stock after selling 205,903 shares during the period. National Bank of Canada FI owned about 0.05% of Old Dominion Freight Line worth $20,056,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. B. Metzler seel. Sohn & Co. AG raised its holdings in shares of Old Dominion Freight Line by 10.8% in the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 136,667 shares of the transportation company's stock worth $24,132,000 after purchasing an additional 13,292 shares during the period. Meeder Asset Management Inc. increased its holdings in Old Dominion Freight Line by 1,843.2% in the 4th quarter. Meeder Asset Management Inc. now owns 719 shares of the transportation company's stock worth $127,000 after acquiring an additional 682 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its position in Old Dominion Freight Line by 9.7% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 44,237 shares of the transportation company's stock worth $7,803,000 after purchasing an additional 3,905 shares during the period. Schroder Investment Management Group raised its position in shares of Old Dominion Freight Line by 164.7% in the fourth quarter. Schroder Investment Management Group now owns 199,355 shares of the transportation company's stock valued at $35,342,000 after purchasing an additional 124,052 shares during the period. Finally, Allstate Corp bought a new position in Old Dominion Freight Line in the 4th quarter worth approximately $1,004,000. Hedge funds and other institutional investors own 77.82% of the company's stock.

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Wall Street Analyst Weigh In

ODFL has been the subject of a number of analyst reports. Jefferies Financial Group raised their price target 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. The Goldman Sachs Group lifted their target price 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. Stephens reissued an "overweight" rating and issued a $240.00 price target on shares of Old Dominion Freight Line in a report on Thursday, February 6th. JPMorgan Chase & Co. boosted their price target on shares of Old Dominion Freight Line from $186.00 to $205.00 and gave the company a "neutral" rating in a research report on Friday, December 6th. Finally, Stifel Nicolaus upgraded Old Dominion Freight Line from a "hold" rating to a "buy" rating and increased their price objective for the stock from $193.00 to $200.00 in a research report on Monday, February 24th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Old Dominion Freight Line presently has an average rating of "Hold" and an average target price of $199.70.

Old Dominion Freight Line Trading Down 2.4 %

Shares of NASDAQ:ODFL traded down $3.69 during trading on Friday, reaching $152.06. The company's stock had a trading volume of 3,326,316 shares, compared to its average volume of 1,646,353. The stock has a market capitalization of $32.32 billion, a PE ratio of 27.75, 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 $147.06 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 $179.81 and its two-hundred day simple moving average is $192.51.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last announced its earnings results on Wednesday, February 5th. The transportation company reported $1.23 EPS for the quarter, topping analysts' consensus estimates 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 0.74%. Old Dominion Freight Line's payout ratio is 18.98%.

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.