PFG Advisors Sells 1,940 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

PFG Advisors cut its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 25.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,703 shares of the transportation company's stock after selling 1,940 shares during the quarter. PFG Advisors' holdings in Old Dominion Freight Line were worth $1,006,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ODFL. Wellington Management Group LLP boosted its position in Old Dominion Freight Line by 109.5% during the third quarter. Wellington Management Group LLP now owns 1,435,228 shares of the transportation company's stock valued at $285,094,000 after purchasing an additional 750,073 shares during the last quarter. AustralianSuper Pty Ltd acquired a new position in Old Dominion Freight Line during the fourth quarter valued at approximately $128,221,000. Raymond James Financial Inc. acquired a new position in Old Dominion Freight Line during the fourth quarter valued at approximately $114,449,000. Franklin Resources Inc. boosted its position in Old Dominion Freight Line by 74.8% during the third quarter. Franklin Resources Inc. now owns 1,022,812 shares of the transportation company's stock valued at $207,068,000 after purchasing an additional 437,700 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Old Dominion Freight Line in the fourth quarter valued at approximately $49,983,000. 77.82% of the stock is owned by institutional investors and hedge funds.

Old Dominion Freight Line Price Performance

Old Dominion Freight Line stock opened at $162.98 on Friday. The stock's fifty day moving average price is $186.67 and its two-hundred day moving average price is $195.81. Old Dominion Freight Line, Inc. has a one year low of $158.64 and a one year high of $233.26. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.33 and a quick ratio of 1.33. The firm has a market cap of $34.64 billion, a PE ratio of 29.74, a price-to-earnings-growth ratio of 2.89 and a beta of 1.10.

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Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last posted its quarterly earnings data 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%. As a group, research analysts expect that Old Dominion Freight Line, Inc. will post 5.68 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. Shareholders of record on Wednesday, March 5th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Wednesday, March 5th. 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 (DPR) is 18.98%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ODFL. Stephens reaffirmed an "overweight" rating and issued a $240.00 price objective on shares of Old Dominion Freight Line in a research report on Thursday, February 6th. The Goldman Sachs Group raised their price objective on 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. StockNews.com raised Old Dominion Freight Line from a "sell" rating to a "hold" rating in a research report on Saturday, February 15th. Bank of America cut their price objective on Old Dominion Freight Line from $237.00 to $204.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Finally, Evercore ISI raised their price objective on Old Dominion Freight Line from $199.00 to $202.00 and gave the company an "in-line" rating in a research report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Old Dominion Freight Line currently has an average rating of "Hold" and an average price target of $202.65.

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.

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