Treasurer of the State of North Carolina cut its holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 3.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,066 shares of the transportation company's stock after selling 2,970 shares during the quarter. Treasurer of the State of North Carolina's holdings in Old Dominion Freight Line were worth $15,006,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Whipplewood Advisors LLC acquired a new position in shares of Old Dominion Freight Line during the 4th quarter worth $35,000. Synergy Asset Management LLC acquired a new position in Old Dominion Freight Line during the fourth quarter worth about $41,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Old Dominion Freight Line during the 4th quarter valued at approximately $51,000. Versant Capital Management Inc boosted its stake in shares of Old Dominion Freight Line by 45.5% during the 4th quarter. Versant Capital Management Inc now owns 352 shares of the transportation company's stock worth $62,000 after acquiring an additional 110 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in Old Dominion Freight Line during the fourth quarter worth $69,000. Institutional investors and hedge funds own 77.82% of the company's stock.
Old Dominion Freight Line Trading Down 1.5 %
Shares of ODFL stock traded down $2.26 on Tuesday, reaching $152.85. 1,001,117 shares of the stock were exchanged, compared to its average volume of 1,674,246. 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 $32.49 billion, a P/E ratio of 27.89, a price-to-earnings-growth ratio of 2.89 and a beta of 1.25. The firm has a 50 day moving average of $173.77 and a two-hundred day moving average of $189.89. Old Dominion Freight Line, Inc. has a 1-year low of $145.79 and a 1-year high of $233.26.
Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last released its quarterly earnings data 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%. On average, research analysts anticipate that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current year.
Old Dominion Freight Line Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were given a $0.28 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $1.12 annualized dividend and a dividend yield of 0.73%. 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%.
Analyst Ratings Changes
A number of research analysts have recently weighed in on the company. Raymond James dropped their price target on Old Dominion Freight Line from $215.00 to $190.00 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. Citigroup upgraded shares of Old Dominion Freight Line from a "neutral" rating to a "buy" rating and cut their target price for the stock from $186.00 to $183.00 in a research report on Tuesday, April 8th. Morgan Stanley set a $185.00 price objective on shares of Old Dominion Freight Line in a research note on Wednesday, April 2nd. StockNews.com lowered Old Dominion Freight Line from a "hold" rating to a "sell" rating in a research note on Saturday, March 29th. Finally, Jefferies Financial Group dropped their price target on Old Dominion Freight Line from $195.00 to $165.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Old Dominion Freight Line presently has a consensus rating of "Hold" and an average price target of $195.15.
Read Our Latest Report on ODFL
Old Dominion Freight Line Profile
(
Free Report)
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.
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