Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Stock Position Raised by Stephens Inc. AR

Stephens Inc. AR lifted its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 11.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 8,282 shares of the transportation company’s stock after acquiring an additional 826 shares during the period. Stephens Inc. AR’s holdings in Old Dominion Freight Line were worth $1,461,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in ODFL. Jamison Private Wealth Management Inc. boosted its holdings in shares of Old Dominion Freight Line by 7.2% in the third quarter. Jamison Private Wealth Management Inc. now owns 9,304 shares of the transportation company’s stock worth $1,848,000 after buying an additional 627 shares during the period. SeaCrest Wealth Management LLC grew its position in Old Dominion Freight Line by 4.1% in the third quarter. SeaCrest Wealth Management LLC now owns 3,203 shares of the transportation company’s stock worth $636,000 after acquiring an additional 125 shares in the last quarter. Vontobel Holding Ltd. increased its position in Old Dominion Freight Line by 9.2% during the third quarter. Vontobel Holding Ltd. now owns 9,790 shares of the transportation company’s stock worth $1,945,000 after buying an additional 824 shares during the last quarter. Global Retirement Partners LLC grew its holdings in Old Dominion Freight Line by 3.7% during the third quarter. Global Retirement Partners LLC now owns 5,984 shares of the transportation company’s stock valued at $1,189,000 after purchasing an additional 215 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Old Dominion Freight Line by 8.7% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 20,317 shares of the transportation company’s stock worth $4,036,000 after acquiring an additional 1,627 shares during the period. Institutional investors and hedge funds own 77.82% of the company’s stock.

Old Dominion Freight Line Trading Down 1.3 %

Shares of ODFL stock opened at $203.02 on Thursday. Old Dominion Freight Line, Inc. has a twelve month low of $165.49 and a twelve month high of $233.26. The stock has a market cap of $43.34 billion, a price-to-earnings ratio of 37.05, a PEG ratio of 5.30 and a beta of 1.05. The company’s 50-day moving average price is $189.21 and its 200-day moving average price is $197.78. 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) last issued its quarterly earnings results on Wednesday, February 5th. The transportation company reported $1.23 EPS for the quarter, beating 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, equities analysts predict that Old Dominion Freight Line, Inc. will post 5.69 earnings per share for the current year.

Old Dominion Freight Line Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be given a $0.28 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $1.12 dividend on an annualized basis and a yield of 0.55%. This is an increase from Old Dominion Freight Line’s previous quarterly dividend of $0.26. Old Dominion Freight Line’s dividend payout ratio (DPR) is presently 18.98%.

Analysts Set New Price Targets

A number of analysts have commented on ODFL shares. Wells Fargo & Company reduced their price objective on 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. The Goldman Sachs Group boosted their price objective on Old Dominion Freight Line from $213.00 to $235.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. Robert W. Baird lowered their price target on shares of Old Dominion Freight Line from $204.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Barclays cut their target price on shares of Old Dominion Freight Line from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Finally, TD Cowen reduced their price target on Old Dominion Freight Line from $203.00 to $196.00 and set a “hold” rating on the stock in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $203.33.

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.