Values First Advisors Inc. Sells 2,307 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Values First Advisors Inc. decreased its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 29.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,650 shares of the transportation company's stock after selling 2,307 shares during the period. Values First Advisors Inc.'s holdings in Old Dominion Freight Line were worth $997,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in ODFL. Wellington Management Group LLP boosted its stake in shares of Old Dominion Freight Line by 109.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,435,228 shares of the transportation company's stock worth $285,094,000 after buying an additional 750,073 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Old Dominion Freight Line by 19,764.0% in the 3rd quarter. International Assets Investment Management LLC now owns 685,308 shares of the transportation company's stock valued at $136,130,000 after purchasing an additional 681,858 shares during the last quarter. Franklin Resources Inc. lifted its stake in Old Dominion Freight Line by 74.8% in the 3rd 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. State Street Corp lifted its stake in Old Dominion Freight Line by 3.8% in the 3rd quarter. State Street Corp now owns 7,633,531 shares of the transportation company's stock valued at $1,516,324,000 after purchasing an additional 279,946 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Old Dominion Freight Line by 6.0% in the 3rd quarter. Geode Capital Management LLC now owns 4,830,973 shares of the transportation company's stock valued at $959,005,000 after purchasing an additional 275,236 shares during the last quarter. Institutional investors and hedge funds own 77.82% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on ODFL. Stephens reiterated an "overweight" rating and issued a $240.00 target price on shares of Old Dominion Freight Line in a research note on Thursday, February 6th. Wells Fargo & Company cut their price objective on shares of Old Dominion Freight Line from $195.00 to $185.00 and set an "underweight" rating for the company in a research report on Tuesday, January 7th. StockNews.com upgraded shares of Old Dominion Freight Line from a "sell" rating to a "hold" rating in a research report on Saturday. Barclays cut their price objective on shares of Old Dominion Freight Line from $220.00 to $210.00 and set an "equal weight" rating for the company in a research report on Friday, January 17th. Finally, Jefferies Financial Group raised their price objective on shares of Old Dominion Freight Line from $185.00 to $190.00 and gave the stock a "hold" rating in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Old Dominion Freight Line presently has an average rating of "Hold" and a consensus target price of $203.33.

Old Dominion Freight Line Price Performance

NASDAQ:ODFL traded down $0.05 during mid-day trading on Friday, reaching $206.34. The stock had a trading volume of 1,274,115 shares, compared to its average volume of 1,477,987. The stock has a 50-day simple moving average of $189.35 and a two-hundred day simple moving average of $197.87. The stock has a market capitalization of $44.05 billion, a PE ratio of 37.65, a P/E/G ratio of 5.30 and a beta of 1.05. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.33 and a quick ratio of 1.33. Old Dominion Freight Line, Inc. has a 12 month low of $165.49 and a 12 month high of $233.26.

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 anticipate that Old Dominion Freight Line, Inc. will post 5.69 earnings per share for the current year.

Old Dominion Freight Line Increases Dividend

The business also recently announced 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 dividend yield of 0.54%. The ex-dividend date is Wednesday, March 5th. This is a boost from Old Dominion Freight Line's previous quarterly dividend of $0.26. Old Dominion Freight Line's 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.