Landscape Capital Management L.L.C. Has $1.03 Million Stock Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Landscape Capital Management L.L.C. lessened its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 45.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 5,830 shares of the transportation company’s stock after selling 4,787 shares during the period. Landscape Capital Management L.L.C.’s holdings in Old Dominion Freight Line were worth $1,028,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Public Sector Pension Investment Board increased its stake in Old Dominion Freight Line by 62.7% during the 3rd quarter. Public Sector Pension Investment Board now owns 7,266 shares of the transportation company’s stock valued at $1,443,000 after purchasing an additional 2,800 shares in the last quarter. Captrust Financial Advisors lifted its stake in shares of Old Dominion Freight Line by 1.7% in the third quarter. Captrust Financial Advisors now owns 7,502 shares of the transportation company’s stock valued at $1,490,000 after buying an additional 124 shares in the last quarter. Benjamin Edwards Inc. grew its holdings in shares of Old Dominion Freight Line by 1,448.6% during the third quarter. Benjamin Edwards Inc. now owns 2,230 shares of the transportation company’s stock valued at $443,000 after buying an additional 2,086 shares during the last quarter. Hilltop Holdings Inc. bought a new stake in shares of Old Dominion Freight Line during the third quarter worth about $458,000. Finally, Janus Henderson Group PLC raised its holdings in shares of Old Dominion Freight Line by 4.2% in the 3rd quarter. Janus Henderson Group PLC now owns 22,671 shares of the transportation company’s stock worth $4,505,000 after acquiring an additional 917 shares during the last quarter. Institutional investors own 77.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Stifel Nicolaus upgraded Old Dominion Freight Line from a “hold” rating to a “buy” rating and lifted their price target for the company from $193.00 to $200.00 in a research note on Monday, February 24th. Susquehanna cut their target price on Old Dominion Freight Line from $210.00 to $171.00 and set a “neutral” rating on the stock in a research report on Monday, March 31st. The Goldman Sachs Group upped their price target on Old Dominion Freight Line from $213.00 to $235.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th. Bank of America dropped their price objective on Old Dominion Freight Line from $237.00 to $204.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Finally, Wells Fargo & Company reduced their target price on shares of Old Dominion Freight Line from $185.00 to $160.00 and set an “underweight” rating for the company in a research note on Thursday, March 27th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $199.70.

Old Dominion Freight Line Stock Performance

NASDAQ ODFL opened at $152.06 on Friday. The firm has a market cap of $32.32 billion, a P/E ratio of 27.75, a price-to-earnings-growth ratio of 2.89 and a beta of 1.25. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.01. The company’s 50 day moving average is $179.81 and its 200-day moving average is $192.51. Old Dominion Freight Line, Inc. has a 12-month low of $147.06 and a 12-month high of $233.26.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its earnings results on Wednesday, February 5th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts predict that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current year.

Old Dominion Freight Line Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were issued a dividend of $0.28 per share. This is a boost 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 dividend on an annualized basis and a yield of 0.74%. Old Dominion Freight Line’s dividend payout ratio is 18.98%.

About Old Dominion Freight Line

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.