Blair William & Co. IL Sells 6,339 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Blair William & Co. IL reduced its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 21.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 22,922 shares of the transportation company’s stock after selling 6,339 shares during the period. Blair William & Co. IL’s holdings in Old Dominion Freight Line were worth $4,043,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC bought a new position in Old Dominion Freight Line during the fourth quarter valued at approximately $35,000. Synergy Asset Management LLC bought a new position in shares of Old Dominion Freight Line during the 4th quarter valued at $41,000. Murphy & Mullick Capital Management Corp purchased a new position in Old Dominion Freight Line in the 4th quarter worth $51,000. Versant Capital Management Inc lifted its stake 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 worth $62,000 after purchasing an additional 110 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in Old Dominion Freight Line in the fourth quarter worth $69,000. 77.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on ODFL shares. Wells Fargo & Company decreased their price objective on Old Dominion Freight Line from $185.00 to $160.00 and set an “underweight” rating on the stock in a report on Thursday, March 27th. Susquehanna lowered their price objective on Old Dominion Freight Line from $210.00 to $171.00 and set a “neutral” rating for the company in a research report on Monday. Citigroup cut their target price on shares of Old Dominion Freight Line from $205.00 to $186.00 and set a “neutral” rating on the stock in a report on Tuesday, March 4th. JPMorgan Chase & Co. upped their price target on shares of Old Dominion Freight Line from $186.00 to $205.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Finally, The Goldman Sachs Group increased their price target on shares of Old Dominion Freight Line from $213.00 to $235.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $200.20.

Old Dominion Freight Line Trading Up 0.4 %

Shares of NASDAQ ODFL opened at $165.45 on Tuesday. Old Dominion Freight Line, Inc. has a 1 year low of $157.67 and a 1 year high of $233.26. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.33 and a quick ratio of 1.33. The firm has a 50-day moving average of $182.14 and a 200 day moving average of $193.41. The stock has a market cap of $35.17 billion, a P/E ratio of 30.19, a price-to-earnings-growth ratio of 2.89 and a beta of 1.10.

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, topping analysts’ consensus estimates 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 expect that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current fiscal 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 issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This is an increase from Old Dominion Freight Line’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a dividend yield of 0.68%. Old Dominion Freight Line’s dividend payout ratio (DPR) 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.