Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Stock Holdings Decreased by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC reduced its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 2.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,130 shares of the transportation company's stock after selling 3,649 shares during the period. Segall Bryant & Hamill LLC owned about 0.07% of Old Dominion Freight Line worth $26,659,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ODFL. ICW Investment Advisors LLC raised its stake in shares of Old Dominion Freight Line by 4.1% during the 4th quarter. ICW Investment Advisors LLC now owns 2,089 shares of the transportation company's stock worth $368,000 after buying an additional 83 shares during the last quarter. Stevens Capital Management LP raised its position in Old Dominion Freight Line by 58.9% during the fourth quarter. Stevens Capital Management LP now owns 1,954 shares of the transportation company's stock worth $345,000 after acquiring an additional 724 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of Old Dominion Freight Line by 11.9% in the fourth quarter. LPL Financial LLC now owns 127,572 shares of the transportation company's stock valued at $22,504,000 after purchasing an additional 13,606 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Old Dominion Freight Line in the fourth quarter valued at about $12,030,000. Finally, AXQ Capital LP grew its position in shares of Old Dominion Freight Line by 114.8% in the fourth quarter. AXQ Capital LP now owns 4,268 shares of the transportation company's stock valued at $753,000 after purchasing an additional 2,281 shares during the last quarter. 77.82% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

ODFL has been the subject of several research reports. Citigroup cut their price objective on Old Dominion Freight Line from $205.00 to $186.00 and set a "neutral" rating for the company in a research report on Tuesday, March 4th. Bank of America cut their price target on Old Dominion Freight Line from $237.00 to $204.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Barclays decreased their price objective on Old Dominion Freight Line from $210.00 to $195.00 and set an "equal weight" rating on the stock in a research note on Monday, March 10th. Evercore ISI boosted their target price on shares of Old Dominion Freight Line from $199.00 to $202.00 and gave the company an "in-line" rating in a research note on Thursday, February 6th. Finally, Jefferies Financial Group upped their target price on shares of Old Dominion Freight Line from $185.00 to $190.00 and gave the company a "hold" rating in a report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $201.40.

Old Dominion Freight Line Trading Down 3.2 %

Old Dominion Freight Line stock traded down $5.38 during midday trading on Friday, reaching $164.85. The stock had a trading volume of 1,285,770 shares, compared to its average volume of 1,626,009. The stock's 50-day simple moving average is $182.63 and its 200 day simple moving average is $193.55. Old Dominion Freight Line, Inc. has a twelve month low of $157.67 and a twelve month high of $233.26. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.33. The stock has a market capitalization of $35.04 billion, a PE ratio of 30.08, a price-to-earnings-growth ratio of 2.89 and a beta of 1.10.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last issued its earnings results on Wednesday, February 5th. The transportation company reported $1.23 earnings per share (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%. Analysts expect 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 0.68%. 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%.

About Old Dominion Freight Line

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.