Wambolt & Associates LLC Sells 2,490 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Wambolt & Associates LLC decreased its holdings in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 15.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,293 shares of the transportation company's stock after selling 2,490 shares during the quarter. Wambolt & Associates LLC's holdings in Old Dominion Freight Line were worth $2,345,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC bought a new position in shares of Old Dominion Freight Line in the fourth quarter valued at about $35,000. Synergy Asset Management LLC acquired a new stake in Old Dominion Freight Line during the fourth quarter worth approximately $41,000. RPg Family Wealth Advisory LLC bought a new stake in shares of Old Dominion Freight Line during the third quarter worth approximately $45,000. Brown Brothers Harriman & Co. grew its position in shares of Old Dominion Freight Line by 398.1% in the third quarter. Brown Brothers Harriman & Co. now owns 269 shares of the transportation company's stock valued at $53,000 after purchasing an additional 215 shares during the last quarter. Finally, Versant Capital Management Inc increased its stake in shares of 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 purchasing an additional 110 shares during the period. 77.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on the company. Morgan Stanley upped their price objective on Old Dominion Freight Line from $165.00 to $170.00 and gave the company an "equal weight" rating in a report on Thursday, February 6th. Bank of America lowered their price target on shares of Old Dominion Freight Line from $237.00 to $204.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Stephens reissued an "overweight" rating and issued a $240.00 price objective on shares of Old Dominion Freight Line in a report on Thursday, February 6th. Susquehanna restated a "neutral" rating and set a $195.00 target price (down previously from $218.00) on shares of Old Dominion Freight Line in a research report on Tuesday, January 7th. Finally, Citigroup dropped their price target on shares of 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. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $201.40.

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Old Dominion Freight Line Price Performance

ODFL traded down $5.38 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 company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $35.04 billion, a price-to-earnings ratio of 30.08, a price-to-earnings-growth ratio of 2.89 and a beta of 1.10. Old Dominion Freight Line, Inc. has a fifty-two week low of $157.67 and a fifty-two week high of $233.26. The firm has a 50-day moving average of $182.63 and a 200-day moving average of $193.55.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate 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, sell-side analysts anticipate that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current year.

Old Dominion Freight Line Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were given a dividend of $0.28 per share. The ex-dividend date was Wednesday, March 5th. This represents a $1.12 dividend on an annualized basis and a yield of 0.68%. This is a boost from Old Dominion Freight Line's previous quarterly dividend of $0.26. Old Dominion Freight Line's dividend payout ratio is 18.98%.

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.