Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Stock Holdings Trimmed by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. decreased its holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 1.3% in the 4th quarter, HoldingsChannel reports. The firm owned 23,273 shares of the transportation company’s stock after selling 297 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Old Dominion Freight Line were worth $4,105,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. YANKCOM Partnership acquired a new stake in Old Dominion Freight Line in the fourth quarter worth about $112,000. Choreo LLC raised its position in shares of Old Dominion Freight Line by 25.6% during the 4th quarter. Choreo LLC now owns 7,188 shares of the transportation company’s stock worth $1,273,000 after buying an additional 1,464 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Old Dominion Freight Line by 7.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 70,846 shares of the transportation company’s stock worth $12,718,000 after acquiring an additional 4,772 shares during the period. E. Ohman J or Asset Management AB boosted its holdings in shares of Old Dominion Freight Line by 8.9% in the fourth quarter. E. Ohman J or Asset Management AB now owns 8,550 shares of the transportation company’s stock valued at $1,508,000 after acquiring an additional 700 shares in the last quarter. Finally, Valley National Advisers Inc. increased its stake in shares of Old Dominion Freight Line by 1.3% during the fourth quarter. Valley National Advisers Inc. now owns 9,550 shares of the transportation company’s stock valued at $1,684,000 after acquiring an additional 127 shares during the period. 77.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ODFL has been the subject of a number of research analyst reports. The Goldman Sachs Group upped their target price on Old Dominion Freight Line from $213.00 to $235.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. Susquehanna reaffirmed a “neutral” rating and set a $195.00 target price (down previously from $218.00) on shares of Old Dominion Freight Line in a research note on Tuesday, January 7th. Robert W. Baird dropped their price target on shares of Old Dominion Freight Line from $204.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Argus downgraded shares of Old Dominion Freight Line from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, Morgan Stanley lifted their price objective on shares of Old Dominion Freight Line from $165.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $203.33.

Old Dominion Freight Line Trading Up 1.2 %

Shares of NASDAQ ODFL opened at $195.88 on Friday. The firm has a market capitalization of $41.82 billion, a PE ratio of 34.24, a PEG 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. 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 business has a 50-day moving average price of $190.65 and a two-hundred day moving average price of $197.69.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings results on Wednesday, February 5th. The transportation company reported $1.23 EPS for the quarter, topping the consensus estimate of $1.17 by $0.06. Old Dominion Freight Line had a net margin of 21.03% and a return on equity of 29.40%. As a group, analysts predict that Old Dominion Freight Line, Inc. will post 5.42 earnings per share 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. Stockholders of record on Wednesday, March 5th will be paid 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 0.57%. Old Dominion Freight Line’s dividend payout ratio is 18.18%.

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.