LPL Financial LLC Grows Stock Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

LPL Financial LLC raised its holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 11.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 127,572 shares of the transportation company’s stock after buying an additional 13,606 shares during the quarter. LPL Financial LLC’s holdings in Old Dominion Freight Line were worth $22,504,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ODFL. Hantz Financial Services Inc. grew its holdings in Old Dominion Freight Line by 3.6% in the fourth quarter. Hantz Financial Services Inc. now owns 1,568 shares of the transportation company’s stock valued at $277,000 after purchasing an additional 55 shares during the period. D.A. Davidson & CO. grew its stake in shares of Old Dominion Freight Line by 1.9% during the 4th quarter. D.A. Davidson & CO. now owns 2,888 shares of the transportation company’s stock valued at $509,000 after buying an additional 55 shares during the period. Evergreen Private Wealth LLC increased its holdings in shares of Old Dominion Freight Line by 0.9% during the 4th quarter. Evergreen Private Wealth LLC now owns 6,651 shares of the transportation company’s stock worth $1,173,000 after buying an additional 59 shares during the last quarter. Dorsey & Whitney Trust CO LLC raised its position in shares of Old Dominion Freight Line by 5.5% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,169 shares of the transportation company’s stock worth $206,000 after buying an additional 61 shares during the period. Finally, Kestra Private Wealth Services LLC boosted its holdings in Old Dominion Freight Line by 0.7% in the fourth quarter. Kestra Private Wealth Services LLC now owns 9,454 shares of the transportation company’s stock valued at $1,668,000 after acquiring an additional 62 shares during the last quarter. Institutional investors and hedge funds own 77.82% of the company’s stock.

Old Dominion Freight Line Stock Down 3.2 %

ODFL stock opened at $164.85 on Monday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01. The firm has a 50 day simple moving average of $182.63 and a 200-day simple moving average of $193.59. The company has a market capitalization of $35.04 billion, a P/E ratio of 30.08, a PEG ratio of 2.89 and a beta of 1.10. Old Dominion Freight Line, Inc. has a twelve month low of $157.67 and a twelve month high of $233.26.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its quarterly earnings data on Wednesday, February 5th. The transportation company reported $1.23 earnings per share for the quarter, topping 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%. On average, equities research analysts predict 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. Investors of record on Wednesday, March 5th were issued a $0.28 dividend. This is a positive change from Old Dominion Freight Line’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend was Wednesday, March 5th. Old Dominion Freight Line’s payout ratio is currently 18.98%.

Analyst Upgrades and Downgrades

Several brokerages have commented on ODFL. StockNews.com lowered Old Dominion Freight Line from a “hold” rating to a “sell” rating in a research note on Saturday. Citigroup cut their price target 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. Stephens reiterated an “overweight” rating and set a $240.00 price objective on shares of Old Dominion Freight Line in a research note on Thursday, February 6th. Bank of America cut their target price on shares of 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, Barclays decreased their price target on shares of Old Dominion Freight Line from $210.00 to $195.00 and set an “equal weight” rating for the company in a research report on Monday, March 10th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Old Dominion Freight Line currently has an average rating of “Hold” and a consensus price target of $201.40.

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.