Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Shares Acquired by Whittier Trust Co.

Whittier Trust Co. lifted its holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 3.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 94,848 shares of the transportation company's stock after acquiring an additional 3,334 shares during the quarter. Whittier Trust Co.'s holdings in Old Dominion Freight Line were worth $16,731,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Whipplewood Advisors LLC acquired a new position in Old Dominion Freight Line in the fourth quarter valued at approximately $35,000. RPg Family Wealth Advisory LLC acquired a new position in shares of Old Dominion Freight Line in the 3rd quarter valued at $45,000. Synergy Asset Management LLC acquired a new position in shares of Old Dominion Freight Line in the 4th quarter valued at $41,000. Brown Brothers Harriman & Co. boosted its holdings in Old Dominion Freight Line by 398.1% during the third quarter. Brown Brothers Harriman & Co. now owns 269 shares of the transportation company's stock worth $53,000 after buying an additional 215 shares in the last quarter. Finally, Versant Capital Management Inc grew its position 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 valued at $62,000 after buying an additional 110 shares during the period. Hedge funds and other institutional investors own 77.82% of the company's stock.

Wall Street Analysts Forecast Growth

ODFL has been the topic of a number of recent analyst reports. Bank of America lowered their price target on 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. Deutsche Bank Aktiengesellschaft started coverage on Old Dominion Freight Line in a research note on Friday, March 7th. They set a "buy" rating and a $236.00 price objective for the company. JPMorgan Chase & Co. lifted their price target on Old Dominion Freight Line from $186.00 to $205.00 and gave the stock a "neutral" rating in a research note on Friday, December 6th. Susquehanna reiterated a "neutral" rating and issued a $195.00 target price (down from $218.00) on shares of Old Dominion Freight Line in a research report on Tuesday, January 7th. Finally, Barclays decreased their target price on shares of 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. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $202.65.

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Old Dominion Freight Line Trading Up 2.9 %

Old Dominion Freight Line stock traded up $4.83 during trading on Monday, hitting $170.05. The company had a trading volume of 1,302,648 shares, compared to its average volume of 1,568,713. Old Dominion Freight Line, Inc. has a 1-year low of $157.67 and a 1-year high of $233.26. The company's 50 day simple moving average is $184.20 and its 200-day simple moving average is $194.17. The stock has a market cap of $36.14 billion, a price-to-earnings ratio of 31.03, a price-to-earnings-growth ratio of 2.89 and a beta of 1.10. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01.

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 (EPS) for the quarter, topping 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, analysts expect 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. Stockholders of record on Wednesday, March 5th were paid a $0.28 dividend. This is a positive change from Old Dominion Freight Line's previous quarterly dividend of $0.26. The ex-dividend date was Wednesday, March 5th. This represents a $1.12 annualized dividend and a dividend yield of 0.66%. Old Dominion Freight Line's dividend payout ratio (DPR) is presently 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.