Yousif Capital Management LLC Has $4.19 Million Stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Yousif Capital Management LLC lowered its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 13.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 23,729 shares of the transportation company’s stock after selling 3,671 shares during the quarter. Yousif Capital Management LLC’s holdings in Old Dominion Freight Line were worth $4,186,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in ODFL. E. Ohman J or Asset Management AB boosted its position in Old Dominion Freight Line by 8.9% during the fourth quarter. E. Ohman J or Asset Management AB now owns 8,550 shares of the transportation company’s stock worth $1,508,000 after purchasing an additional 700 shares during the period. Valley National Advisers Inc. lifted its stake in shares of Old Dominion Freight Line by 1.3% in the fourth quarter. Valley National Advisers Inc. now owns 9,550 shares of the transportation company’s stock worth $1,684,000 after buying an additional 127 shares during the last quarter. U.S. Capital Wealth Advisors LLC bought a new stake in shares of Old Dominion Freight Line during the 4th quarter worth $291,000. Tokio Marine Asset Management Co. Ltd. grew its stake in Old Dominion Freight Line by 524.1% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 34,387 shares of the transportation company’s stock valued at $6,066,000 after buying an additional 28,877 shares during the last quarter. Finally, Capital Insight Partners LLC raised its holdings in Old Dominion Freight Line by 5.8% in the 4th quarter. Capital Insight Partners LLC now owns 25,742 shares of the transportation company’s stock worth $4,541,000 after acquiring an additional 1,412 shares during the period. Institutional investors own 77.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ODFL. The Goldman Sachs Group upped their price target on shares of Old Dominion Freight Line from $213.00 to $235.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. BMO Capital Markets lowered their target price on Old Dominion Freight Line from $210.00 to $205.00 and set a “market perform” rating on the stock in a report on Thursday, October 24th. Barclays cut their price target on Old Dominion Freight Line from $220.00 to $210.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Robert W. Baird lowered their price objective on shares of Old Dominion Freight Line from $204.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Finally, StockNews.com cut shares of Old Dominion Freight Line from a “hold” rating to a “sell” rating in a research note on Friday. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Old Dominion Freight Line has a consensus rating of “Hold” and an average price target of $203.33.

Old Dominion Freight Line Price Performance

Old Dominion Freight Line stock opened at $197.20 on Friday. The business has a 50 day simple moving average of $190.09 and a 200 day simple moving average of $197.70. 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 company has a market capitalization of $42.10 billion, a PE ratio of 34.48, a price-to-earnings-growth ratio of 4.95 and a beta of 1.05. Old Dominion Freight Line, Inc. has a one year low of $165.49 and a one year high of $233.26.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its quarterly earnings data 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 return on equity of 29.40% and a net margin of 21.03%. On average, sell-side analysts forecast that Old Dominion Freight Line, Inc. will post 5.42 EPS for the current fiscal year.

Old Dominion Freight Line Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be given a $0.28 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This is a positive change from Old Dominion Freight Line’s previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a yield of 0.57%. Old Dominion Freight Line’s payout ratio is 18.18%.

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.