Mitsubishi UFJ Trust & Banking Corp Has $32.27 Million Stock Holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Mitsubishi UFJ Trust & Banking Corp reduced its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 2.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 182,932 shares of the transportation company’s stock after selling 3,794 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.09% of Old Dominion Freight Line worth $32,269,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Whipplewood Advisors LLC acquired a new position in Old Dominion Freight Line during the 4th quarter worth about $35,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of Old Dominion Freight Line in the third quarter valued at about $45,000. Synergy Asset Management LLC bought a new position in shares of Old Dominion Freight Line during the fourth quarter worth about $41,000. Brown Brothers Harriman & Co. lifted its stake 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 worth $53,000 after acquiring an additional 215 shares during the period. Finally, Versant Capital Management Inc boosted its holdings in Old Dominion Freight Line by 45.5% in the fourth quarter. Versant Capital Management Inc now owns 352 shares of the transportation company’s stock valued at $62,000 after acquiring an additional 110 shares during the last quarter. Institutional investors and hedge funds own 77.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. 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 for the company in a report on Thursday, January 16th. Morgan Stanley boosted their target price on shares of 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. StockNews.com upgraded Old Dominion Freight Line from a “sell” rating to a “hold” rating in a report on Saturday, February 15th. The Goldman Sachs Group boosted their price objective on Old Dominion Freight Line from $213.00 to $235.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. Finally, Barclays cut their target price on Old Dominion Freight Line from $210.00 to $195.00 and set an “equal weight” rating on the stock in a research report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Old Dominion Freight Line presently has an average rating of “Hold” and an average price target of $202.65.

Old Dominion Freight Line Stock Up 0.6 %

Shares of NASDAQ:ODFL opened at $168.67 on Thursday. The business’s 50 day moving average is $183.51 and its 200 day moving average is $193.88. Old Dominion Freight Line, Inc. has a 12-month low of $157.67 and a 12-month high of $233.26. The stock has a market cap of $35.85 billion, a price-to-earnings ratio of 30.78, a PEG ratio of 2.89 and a beta of 1.10. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.01.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings data on Wednesday, February 5th. The transportation company reported $1.23 earnings per share (EPS) 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, sell-side analysts forecast that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current fiscal year.

Old Dominion Freight Line Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.66%. This is an increase from Old Dominion Freight Line’s previous quarterly dividend of $0.26. The ex-dividend date was Wednesday, March 5th. Old Dominion Freight Line’s dividend payout ratio is presently 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.