New York State Teachers Retirement System Sells 204 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

New York State Teachers Retirement System cut its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 0.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 177,998 shares of the transportation company’s stock after selling 204 shares during the period. New York State Teachers Retirement System owned 0.08% of Old Dominion Freight Line worth $31,399,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Vontobel Holding Ltd. increased its holdings in shares of Old Dominion Freight Line by 27.5% in the fourth quarter. Vontobel Holding Ltd. now owns 12,478 shares of the transportation company’s stock valued at $2,201,000 after purchasing an additional 2,688 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in Old Dominion Freight Line by 2.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 76,309 shares of the transportation company’s stock worth $13,753,000 after buying an additional 1,948 shares in the last quarter. Avestar Capital LLC boosted its position in Old Dominion Freight Line by 12.0% in the 4th quarter. Avestar Capital LLC now owns 1,258 shares of the transportation company’s stock valued at $222,000 after buying an additional 135 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of Old Dominion Freight Line by 0.4% in the 4th quarter. Van ECK Associates Corp now owns 42,075 shares of the transportation company’s stock valued at $7,422,000 after buying an additional 187 shares during the period. Finally, Peterson Wealth Services raised its position in shares of Old Dominion Freight Line by 0.9% during the fourth quarter. Peterson Wealth Services now owns 14,464 shares of the transportation company’s stock worth $2,551,000 after acquiring an additional 130 shares during the last quarter. 77.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Robert W. Baird decreased their price target on Old Dominion Freight Line from $204.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Jefferies Financial Group lifted their price target on shares of Old Dominion Freight Line from $185.00 to $190.00 and gave the stock a “hold” rating in a research report on Friday, January 10th. StockNews.com upgraded shares of Old Dominion Freight Line from a “sell” rating to a “hold” rating in a report on Saturday. Citigroup lifted their target price on shares of Old Dominion Freight Line from $201.00 to $241.00 and gave the stock a “neutral” rating in a report on Tuesday, November 12th. Finally, Stephens reissued an “overweight” rating and issued a $240.00 price target on shares of Old Dominion Freight Line in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $203.33.

Old Dominion Freight Line Trading Down 0.0 %

NASDAQ:ODFL opened at $206.34 on Friday. The business’s 50-day simple moving average is $189.35 and its 200-day simple moving average is $197.82. Old Dominion Freight Line, Inc. has a fifty-two week low of $165.49 and a fifty-two week 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 stock has a market capitalization of $44.05 billion, a PE ratio of 37.65, a price-to-earnings-growth ratio of 5.30 and a beta of 1.05.

Old Dominion Freight Line (NASDAQ:ODFL) last released its earnings results 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 return on equity of 28.02% and a net margin of 20.40%. Sell-side analysts expect that Old Dominion Freight Line, Inc. will post 5.69 earnings per share for the current fiscal year.

Old Dominion Freight Line Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This is an increase from Old Dominion Freight Line’s previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.54%. Old Dominion Freight Line’s dividend payout ratio (DPR) is 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.