National Pension Service Cuts Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

National Pension Service reduced its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 6.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 254,640 shares of the transportation company's stock after selling 16,726 shares during the period. National Pension Service owned approximately 0.12% of Old Dominion Freight Line worth $44,918,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. RPg Family Wealth Advisory LLC acquired a new stake in Old Dominion Freight Line during the third quarter worth about $45,000. Synergy Asset Management LLC purchased a new stake in Old Dominion Freight Line in the 4th quarter worth approximately $41,000. Brown Brothers Harriman & Co. grew 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 worth $53,000 after purchasing an additional 215 shares during the period. Ashton Thomas Securities LLC purchased a new position in shares of Old Dominion Freight Line during the 3rd quarter valued at approximately $64,000. Finally, Versant Capital Management Inc lifted its stake in shares of 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 purchasing an additional 110 shares during the period. Hedge funds and other institutional investors own 77.82% of the company's stock.

Old Dominion Freight Line Trading Down 2.4 %

Shares of NASDAQ:ODFL traded down $4.22 during trading on Monday, reaching $172.28. The stock had a trading volume of 2,398,007 shares, compared to its average volume of 1,525,995. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.01. The stock has a market cap of $36.62 billion, a P/E ratio of 31.44, a PEG ratio of 2.89 and a beta of 1.05. The business has a fifty day moving average price of $187.56 and a 200-day moving average price of $197.28. 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 issued its quarterly earnings results on Wednesday, February 5th. The transportation company reported $1.23 earnings per share 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%. As a group, analysts anticipate that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current fiscal year.

Old Dominion Freight Line Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.65%. This is an increase from Old Dominion Freight Line's previous quarterly dividend of $0.26. Old Dominion Freight Line's dividend payout ratio is currently 18.98%.

Analyst Upgrades and Downgrades

Several research firms recently commented on ODFL. The Goldman Sachs Group raised their price target on shares of Old Dominion Freight Line from $213.00 to $235.00 and gave the company a "neutral" rating in a research report on Thursday, December 12th. Susquehanna reiterated a "neutral" rating and set a $195.00 price target (down previously from $218.00) on shares of Old Dominion Freight Line in a research report on Tuesday, January 7th. Wells Fargo & Company cut their price objective on Old Dominion Freight Line from $195.00 to $185.00 and set an "underweight" rating for the company in a research report on Tuesday, January 7th. Jefferies Financial Group increased their target price on Old Dominion Freight Line from $185.00 to $190.00 and gave the company a "hold" rating in a research report on Friday, January 10th. Finally, Barclays cut their price target on shares of Old Dominion Freight Line from $220.00 to $210.00 and set an "equal weight" rating for the company in a report on Friday, January 17th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Old Dominion Freight Line currently has a consensus rating of "Hold" and a consensus price target of $203.72.

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.