Yousif Capital Management LLC Reduces Holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Yousif Capital Management LLC trimmed its holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 13.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,729 shares of the transportation company's stock after selling 3,671 shares during the quarter. Yousif Capital Management LLC's holdings in Old Dominion Freight Line were worth $4,186,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Avanza Fonder AB bought a new position in shares of Old Dominion Freight Line in the 4th quarter worth about $3,741,000. Toronto Dominion Bank increased its stake in shares of Old Dominion Freight Line by 77.7% in the 3rd quarter. Toronto Dominion Bank now owns 98,061 shares of the transportation company's stock worth $19,479,000 after acquiring an additional 42,880 shares in the last quarter. Board of the Pension Protection Fund bought a new position in shares of Old Dominion Freight Line in the 4th quarter worth about $600,000. Sequoia Financial Advisors LLC increased its stake in Old Dominion Freight Line by 20.5% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 5,979 shares of the transportation company's stock valued at $1,188,000 after purchasing an additional 1,017 shares in the last quarter. Finally, Reliant Investment Management LLC increased its stake in Old Dominion Freight Line by 10.4% during the 4th quarter. Reliant Investment Management LLC now owns 21,850 shares of the transportation company's stock valued at $3,854,000 after purchasing an additional 2,060 shares in the last quarter. 77.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ODFL. Robert W. Baird reduced their price objective on shares of Old Dominion Freight Line from $204.00 to $200.00 and set an "outperform" rating for the company in a research note on Thursday, October 24th. Citigroup raised their price target on shares of Old Dominion Freight Line from $201.00 to $241.00 and gave the company a "neutral" rating in a report on Tuesday, November 12th. Susquehanna reaffirmed a "neutral" rating and set a $195.00 price target (down previously from $218.00) on shares of Old Dominion Freight Line in a report on Tuesday, January 7th. Argus downgraded shares of Old Dominion Freight Line from a "buy" rating to a "hold" rating in a report on Tuesday, November 12th. Finally, Evercore ISI raised their price target on shares of Old Dominion Freight Line from $199.00 to $202.00 and gave the company an "in-line" rating in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $203.33.

Old Dominion Freight Line Stock Performance

NASDAQ ODFL traded up $3.99 on Tuesday, reaching $205.77. 1,956,922 shares of the stock were exchanged, compared to its average volume of 1,536,938. Old Dominion Freight Line, Inc. has a one year low of $165.49 and a one year high of $233.26. The firm has a market capitalization of $43.93 billion, a PE ratio of 37.55, a PEG ratio of 5.30 and a beta of 1.05. The company's 50-day simple moving average is $189.37 and its two-hundred day simple moving average is $197.74. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01.

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 (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.06. Old Dominion Freight Line had a net margin of 20.40% and a return on equity of 28.02%. Analysts expect that Old Dominion Freight Line, Inc. will post 5.69 EPS 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 given a dividend of $0.28 per share. The ex-dividend date is Wednesday, March 5th. This represents a $1.12 annualized dividend and a dividend yield of 0.54%. This is a boost from Old Dominion Freight Line's previous quarterly dividend of $0.26. Old Dominion Freight Line's dividend payout ratio (DPR) is presently 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.