Whittier Trust Co. of Nevada Inc. Increases Stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Whittier Trust Co. of Nevada Inc. lifted its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 4.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,710 shares of the transportation company's stock after purchasing an additional 2,133 shares during the period. Whittier Trust Co. of Nevada Inc.'s holdings in Old Dominion Freight Line were worth $8,416,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of ODFL. SevenBridge Financial Group LLC boosted its position in shares of Old Dominion Freight Line by 2.0% in the third quarter. SevenBridge Financial Group LLC now owns 2,611 shares of the transportation company's stock worth $519,000 after purchasing an additional 50 shares during the period. Advisors Asset Management Inc. boosted its holdings in Old Dominion Freight Line by 0.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 10,888 shares of the transportation company's stock worth $2,163,000 after buying an additional 55 shares during the period. Hantz Financial Services Inc. increased its stake in Old Dominion Freight Line by 3.6% in the 4th quarter. Hantz Financial Services Inc. now owns 1,568 shares of the transportation company's stock worth $277,000 after buying an additional 55 shares in the last quarter. D.A. Davidson & CO. raised its holdings in Old Dominion Freight Line by 1.9% during the fourth quarter. D.A. Davidson & CO. now owns 2,888 shares of the transportation company's stock valued at $509,000 after acquiring an additional 55 shares during the period. Finally, Evergreen Private Wealth LLC lifted its position in shares of Old Dominion Freight Line by 0.9% in the fourth quarter. Evergreen Private Wealth LLC now owns 6,651 shares of the transportation company's stock valued at $1,173,000 after acquiring an additional 59 shares in the last quarter. 77.82% of the stock is owned by institutional investors.

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Analyst Ratings Changes

Several analysts recently issued reports on the company. Citigroup decreased their target price on Old Dominion Freight Line from $205.00 to $186.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th. Evercore ISI boosted their target price on shares of Old Dominion Freight Line from $199.00 to $202.00 and gave the stock an "in-line" rating in a report on Thursday, February 6th. JPMorgan Chase & Co. upped their target price on shares of Old Dominion Freight Line from $186.00 to $205.00 and gave the stock a "neutral" rating in a research report on Friday, December 6th. Bank of America reduced 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 report on Thursday, January 16th. Finally, StockNews.com raised shares of Old Dominion Freight Line from a "sell" rating to a "hold" rating in a report on Saturday, February 15th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $202.65.

Old Dominion Freight Line Trading Down 1.4 %

Old Dominion Freight Line stock traded down $2.45 during mid-day trading on Tuesday, hitting $167.60. The company's stock had a trading volume of 1,478,554 shares, compared to its average volume of 1,568,571. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.33. The company has a 50 day moving average of $184.20 and a 200-day moving average of $194.17. Old Dominion Freight Line, Inc. has a one year low of $157.67 and a one year high of $233.26. The stock has a market cap of $35.62 billion, a PE ratio of 30.58, a P/E/G ratio of 2.89 and a beta of 1.10.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The transportation company reported $1.23 EPS 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%. On average, research analysts anticipate that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current year.

Old Dominion Freight Line Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.67%. 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 payout ratio is currently 18.98%.

Old Dominion Freight Line 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.