U.S. Capital Wealth Advisors LLC Buys Shares of 1,652 Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

U.S. Capital Wealth Advisors LLC purchased a new stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 1,652 shares of the transportation company's stock, valued at approximately $291,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Avanza Fonder AB purchased a new stake in Old Dominion Freight Line during the fourth quarter valued at approximately $3,741,000. Toronto Dominion Bank raised its holdings in 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 purchasing an additional 42,880 shares during the period. Board of the Pension Protection Fund purchased a new position in Old Dominion Freight Line during the fourth quarter valued at $600,000. Sequoia Financial Advisors LLC grew its holdings in Old Dominion Freight Line by 20.5% during the third 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 during the period. Finally, Reliant Investment Management LLC increased its position in Old Dominion Freight Line by 10.4% in the fourth quarter. Reliant Investment Management LLC now owns 21,850 shares of the transportation company's stock worth $3,854,000 after buying an additional 2,060 shares in the last quarter. 77.82% of the stock is currently owned by hedge funds and other institutional investors.

Old Dominion Freight Line Price Performance

NASDAQ:ODFL traded up $4.58 during trading hours on Monday, reaching $201.78. The stock had a trading volume of 1,984,612 shares, compared to its average volume of 1,520,785. The stock has a market capitalization of $43.08 billion, a PE ratio of 36.82, a PEG ratio of 5.30 and a beta of 1.05. Old Dominion Freight Line, Inc. has a 52 week low of $165.49 and a 52 week high of $233.26. The company has a 50 day moving average price of $189.63 and a two-hundred day moving average price of $197.72. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.33.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The transportation company reported $1.23 earnings per share for the quarter, topping 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%. As a group, sell-side analysts anticipate that Old Dominion Freight Line, Inc. will post 5.69 earnings per share for the current fiscal year.

Old Dominion Freight Line Increases Dividend

The firm also recently announced 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. This represents a $1.12 annualized dividend and a dividend yield of 0.56%. This is a boost from Old Dominion Freight Line's previous quarterly dividend of $0.26. The ex-dividend date is Wednesday, March 5th. Old Dominion Freight Line's dividend payout ratio is currently 18.98%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Citigroup lifted their price objective on Old Dominion Freight Line from $201.00 to $241.00 and gave the company a "neutral" rating in a research report on Tuesday, November 12th. Jefferies Financial Group lifted their price target 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. Argus lowered shares of Old Dominion Freight Line from a "buy" rating to a "hold" rating in a research report on Tuesday, November 12th. Stephens restated an "overweight" rating and set a $240.00 price objective on shares of Old Dominion Freight Line in a research report on Thursday. Finally, The Goldman Sachs Group upped their target price on shares of Old Dominion Freight Line from $213.00 to $235.00 and gave the stock a "neutral" rating in a report on Thursday, December 12th. 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 given a strong buy rating to the company's stock. According to MarketBeat.com, Old Dominion Freight Line presently has an average rating of "Hold" and an average target price of $203.33.

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.