Values First Advisors Inc. Sells 2,307 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Values First Advisors Inc. lessened its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 29.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,650 shares of the transportation company’s stock after selling 2,307 shares during the quarter. Values First Advisors Inc.’s holdings in Old Dominion Freight Line were worth $997,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of ODFL. CWM LLC raised its position in shares of Old Dominion Freight Line by 9.4% in the third quarter. CWM LLC now owns 10,664 shares of the transportation company’s stock valued at $2,118,000 after purchasing an additional 914 shares during the period. Livforsakringsbolaget Skandia Omsesidigt grew its stake in Old Dominion Freight Line by 333.3% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,300 shares of the transportation company’s stock valued at $258,000 after buying an additional 1,000 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in Old Dominion Freight Line by 90.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 16,737 shares of the transportation company’s stock valued at $3,325,000 after acquiring an additional 7,930 shares during the period. Jamison Private Wealth Management Inc. raised its holdings in Old Dominion Freight Line by 7.2% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 9,304 shares of the transportation company’s stock valued at $1,848,000 after acquiring an additional 627 shares during the period. Finally, SeaCrest Wealth Management LLC lifted its position in shares of Old Dominion Freight Line by 4.1% during the third quarter. SeaCrest Wealth Management LLC now owns 3,203 shares of the transportation company’s stock worth $636,000 after acquiring an additional 125 shares in the last quarter. Hedge funds and other institutional investors own 77.82% of the company’s stock.

Old Dominion Freight Line Stock Performance

Shares of NASDAQ ODFL opened at $205.77 on Wednesday. The stock has a market cap of $43.93 billion, a price-to-earnings ratio of 37.55, a P/E/G ratio of 5.30 and a beta of 1.05. The stock’s 50-day moving average is $189.37 and its 200 day moving average is $197.74. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01. Old Dominion Freight Line, Inc. has a 1-year low of $165.49 and a 1-year 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 earnings per share (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, sell-side analysts anticipate that Old Dominion Freight Line, Inc. will post 5.69 EPS for the current fiscal year.

Old Dominion Freight Line Increases Dividend

The business 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 is Wednesday, March 5th. This represents a $1.12 annualized dividend and a dividend yield of 0.54%. This is an increase from Old Dominion Freight Line’s previous quarterly dividend of $0.26. Old Dominion Freight Line’s payout ratio is currently 18.98%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Susquehanna reissued a “neutral” rating and set a $195.00 price objective (down previously from $218.00) on shares of Old Dominion Freight Line in a report on Tuesday, January 7th. Citigroup increased their price target 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. Argus cut shares of Old Dominion Freight Line from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. The Goldman Sachs Group increased their target price on shares of Old Dominion Freight Line from $213.00 to $235.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. Finally, Stifel Nicolaus boosted their price target on shares of Old Dominion Freight Line from $176.00 to $193.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $203.33.

Old Dominion Freight Line Company 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.