Private Advisor Group LLC Has $1.58 Million Stock Holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Private Advisor Group LLC lessened its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 6.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,976 shares of the transportation company’s stock after selling 662 shares during the quarter. Private Advisor Group LLC’s holdings in Old Dominion Freight Line were worth $1,583,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Synergy Asset Management LLC acquired a new position in Old Dominion Freight Line in the fourth quarter valued at about $41,000. RPg Family Wealth Advisory LLC acquired a new position in Old Dominion Freight Line in the third quarter valued at about $45,000. Brown Brothers Harriman & Co. lifted its stake in 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 valued at $53,000 after buying an additional 215 shares during the period. 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 valued at $62,000 after buying an additional 110 shares during the period. Finally, Ashton Thomas Securities LLC acquired a new position in Old Dominion Freight Line in the third quarter valued at about $64,000. Institutional investors and hedge funds own 77.82% of the company’s stock.

Old Dominion Freight Line Stock Down 2.3 %

ODFL stock opened at $175.69 on Thursday. 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 business has a 50 day moving average price of $187.92 and a two-hundred day moving average price of $197.49. The company has a market cap of $37.51 billion, a price-to-earnings ratio of 32.06, a P/E/G ratio of 2.89 and a beta of 1.05. Old Dominion Freight Line, Inc. has a twelve month low of $165.49 and a twelve month high of $233.26.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings results on Wednesday, February 5th. The transportation company reported $1.23 earnings per share for the quarter, beating 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%. Analysts anticipate 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 will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.64%. This is an increase from Old Dominion Freight Line’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Wednesday, March 5th. Old Dominion Freight Line’s dividend payout ratio (DPR) is currently 18.98%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. increased their target price on Old Dominion Freight Line from $186.00 to $205.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Wells Fargo & Company cut their target price on Old Dominion Freight Line from $195.00 to $185.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 7th. Barclays cut their target price on Old Dominion Freight Line from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Jefferies Financial Group increased their price target on Old Dominion Freight Line from $185.00 to $190.00 and gave the stock a “hold” rating in a report on Friday, January 10th. Finally, Susquehanna restated a “neutral” rating and issued a $195.00 price target (down from $218.00) on shares of Old Dominion Freight Line in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Old Dominion Freight Line has an average rating of “Hold” and a consensus target price of $203.72.

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.