Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Holdings Trimmed by Geneva Capital Management LLC

Geneva Capital Management LLC trimmed its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 12.9% during the 4th quarter, HoldingsChannel reports. The firm owned 84,607 shares of the transportation company’s stock after selling 12,478 shares during the quarter. Geneva Capital Management LLC’s holdings in Old Dominion Freight Line were worth $14,925,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ODFL. Farther Finance Advisors LLC grew its position in Old Dominion Freight Line by 21.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,657 shares of the transportation company’s stock worth $329,000 after purchasing an additional 297 shares in the last quarter. Chicago Partners Investment Group LLC grew its holdings in shares of Old Dominion Freight Line by 19.6% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,369 shares of the transportation company’s stock valued at $258,000 after acquiring an additional 224 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Old Dominion Freight Line by 2.0% during the 3rd quarter. Janney Montgomery Scott LLC now owns 80,655 shares of the transportation company’s stock valued at $16,021,000 after acquiring an additional 1,597 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of Old Dominion Freight Line by 11.0% during the 3rd quarter. Van ECK Associates Corp now owns 41,888 shares of the transportation company’s stock valued at $7,903,000 after acquiring an additional 4,155 shares in the last quarter. Finally, National Pension Service grew its holdings in shares of Old Dominion Freight Line by 11.5% during the 3rd quarter. National Pension Service now owns 271,366 shares of the transportation company’s stock valued at $53,904,000 after acquiring an additional 28,093 shares in the last quarter. 77.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on ODFL. Morgan Stanley boosted their price target on shares of Old Dominion Freight Line from $165.00 to $170.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Stifel Nicolaus upgraded shares of Old Dominion Freight Line from a “hold” rating to a “buy” rating and boosted their price target for the company from $193.00 to $200.00 in a report on Monday, February 24th. Stephens restated an “overweight” rating and set a $240.00 price target on shares of Old Dominion Freight Line in a report on Thursday, February 6th. The Goldman Sachs Group upped their price objective on shares of Old Dominion Freight Line from $213.00 to $235.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Old Dominion Freight Line from $186.00 to $205.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $200.67.

Old Dominion Freight Line Stock Up 0.9 %

Shares of ODFL opened at $176.52 on Thursday. The company has a 50-day simple moving average of $187.27 and a 200-day simple moving average of $196.93. The firm has a market capitalization of $37.52 billion, a P/E ratio of 32.21, a P/E/G ratio of 2.89 and a beta of 1.05. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.33. Old Dominion Freight Line, Inc. has a 52 week low of $165.49 and a 52 week 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 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%. On average, equities research analysts expect that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current year.

Old Dominion Freight Line Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be paid a $0.28 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $1.12 dividend on an annualized basis and a yield of 0.63%. This is a boost from Old Dominion Freight Line’s previous quarterly dividend of $0.26. Old Dominion Freight Line’s payout ratio 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.