Sanctuary Advisors LLC Boosts Holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Sanctuary Advisors LLC grew its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 0.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 49,970 shares of the transportation company’s stock after acquiring an additional 402 shares during the quarter. Sanctuary Advisors LLC’s holdings in Old Dominion Freight Line were worth $9,333,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. RPg Family Wealth Advisory LLC acquired a new position in shares of Old Dominion Freight Line in the 3rd quarter valued at about $45,000. Synergy Asset Management LLC acquired a new position in shares of Old Dominion Freight Line in the 4th quarter valued at about $41,000. Brown Brothers Harriman & Co. lifted its stake in shares of Old Dominion Freight Line by 398.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 269 shares of the transportation company’s stock valued at $53,000 after purchasing an additional 215 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in Old Dominion Freight Line during the 3rd quarter worth approximately $64,000. Finally, Northwest Investment Counselors LLC acquired a new position in Old Dominion Freight Line during the 3rd quarter worth approximately $67,000. 77.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on ODFL shares. Susquehanna reissued a “neutral” rating and set a $195.00 price target (down from $218.00) on shares of Old Dominion Freight Line in a research report on Tuesday, January 7th. Bank of America reduced their price target on Old Dominion Freight Line from $237.00 to $204.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Barclays reduced their price target on Old Dominion Freight Line from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Jefferies Financial Group boosted their price target on 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. Finally, Argus lowered Old Dominion Freight Line from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $203.33.

Old Dominion Freight Line Price Performance

Shares of NASDAQ ODFL opened at $209.29 on Wednesday. Old Dominion Freight Line, Inc. has a twelve month low of $165.49 and a twelve month 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 company has a market capitalization of $44.68 billion, a price-to-earnings ratio of 38.19, a price-to-earnings-growth ratio of 5.30 and a beta of 1.05. The business has a 50 day simple moving average of $189.48 and a 200-day simple moving average of $197.86.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its quarterly earnings data on Wednesday, February 5th. The transportation company reported $1.23 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%. As a group, equities research analysts expect that Old Dominion Freight Line, Inc. will post 5.69 earnings per share for the current year.

Old Dominion Freight Line Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be paid a dividend of $0.28 per share. 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 yield of 0.54%. The ex-dividend date of this dividend is Wednesday, March 5th. Old Dominion Freight Line’s dividend payout ratio is presently 18.98%.

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.