Sirios Capital Management L P Sells 1,705 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Sirios Capital Management L P reduced its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 56,603 shares of the transportation company's stock after selling 1,705 shares during the quarter. Old Dominion Freight Line comprises about 1.8% of Sirios Capital Management L P's portfolio, making the stock its 19th biggest position. Sirios Capital Management L P's holdings in Old Dominion Freight Line were worth $9,985,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ODFL. Whipplewood Advisors LLC bought a new position in Old Dominion Freight Line in the 4th quarter valued at about $35,000. Synergy Asset Management LLC purchased a new position in shares of Old Dominion Freight Line during the fourth quarter valued at approximately $41,000. Murphy & Mullick Capital Management Corp bought a new stake in Old Dominion Freight Line during the fourth quarter worth $51,000. Versant Capital Management Inc grew its holdings in Old Dominion Freight Line by 45.5% during the fourth quarter. Versant Capital Management Inc now owns 352 shares of the transportation company's stock worth $62,000 after buying an additional 110 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Old Dominion Freight Line in the 4th quarter valued at $69,000. Institutional investors and hedge funds own 77.82% of the company's stock.

Old Dominion Freight Line Stock Up 1.5 %

ODFL stock opened at $152.07 on Wednesday. Old Dominion Freight Line, Inc. has a twelve month low of $145.79 and a twelve month high of $233.26. The firm has a market capitalization of $32.32 billion, a PE ratio of 27.75, a PEG ratio of 2.89 and a beta of 1.25. 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 50-day simple moving average of $168.63 and a two-hundred day simple moving average of $188.41.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last posted its 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 net margin of 20.40% and a return on equity of 28.02%. On average, equities analysts predict that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current fiscal year.

Old Dominion Freight Line Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date was Wednesday, March 5th. This is an increase from Old Dominion Freight Line's previous quarterly dividend of $0.26. Old Dominion Freight Line's dividend payout ratio (DPR) is 20.44%.

Analysts Set New Price Targets

Several analysts have recently commented on ODFL shares. Citigroup upgraded shares of Old Dominion Freight Line from a "neutral" rating to a "buy" rating and lowered their target price for the company from $186.00 to $183.00 in a report on Tuesday, April 8th. Stifel Nicolaus dropped their price target on Old Dominion Freight Line from $200.00 to $188.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Evercore ISI boosted their price objective on Old Dominion Freight Line from $199.00 to $202.00 and gave the stock an "in-line" rating in a research report on Thursday, February 6th. StockNews.com lowered Old Dominion Freight Line from a "hold" rating to a "sell" rating in a research report on Saturday, March 29th. Finally, UBS Group cut their price target on shares of Old Dominion Freight Line from $196.00 to $158.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Old Dominion Freight Line currently has an average rating of "Hold" and a consensus price target of $195.15.

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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