RMR Wealth Builders Has $325,000 Stock Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

RMR Wealth Builders reduced its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 5.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,841 shares of the transportation company’s stock after selling 100 shares during the period. RMR Wealth Builders’ holdings in Old Dominion Freight Line were worth $325,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of ODFL. Nordea Investment Management AB boosted its stake in Old Dominion Freight Line by 1.4% in the fourth quarter. Nordea Investment Management AB now owns 15,629 shares of the transportation company’s stock valued at $2,788,000 after buying an additional 213 shares in the last quarter. Central Pacific Bank Trust Division boosted its stake in Old Dominion Freight Line by 4.9% in the fourth quarter. Central Pacific Bank Trust Division now owns 3,858 shares of the transportation company’s stock valued at $681,000 after buying an additional 179 shares in the last quarter. GAMMA Investing LLC boosted its stake in Old Dominion Freight Line by 12.1% in the fourth quarter. GAMMA Investing LLC now owns 2,091 shares of the transportation company’s stock valued at $369,000 after buying an additional 226 shares in the last quarter. Versant Capital Management Inc boosted its stake in Old Dominion Freight Line by 45.5% in the fourth quarter. Versant Capital Management Inc now owns 352 shares of the transportation company’s stock valued at $62,000 after buying an additional 110 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Old Dominion Freight Line by 26.9% in the third quarter. Principal Financial Group Inc. now owns 421,140 shares of the transportation company’s stock valued at $83,655,000 after buying an additional 89,395 shares in the last quarter. 77.82% of the stock is owned by institutional investors and hedge funds.

Old Dominion Freight Line Price Performance

Shares of ODFL opened at $176.41 on Friday. Old Dominion Freight Line, Inc. has a 1 year low of $165.49 and a 1 year high of $233.26. 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 $37.66 billion, a price-to-earnings ratio of 30.84, a price-to-earnings-growth ratio of 4.21 and a beta of 1.05. The business has a 50-day moving average of $203.37 and a 200-day moving average of $197.24.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its earnings results on Wednesday, October 23rd. The transportation company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.01. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.49 billion. Old Dominion Freight Line had a return on equity of 29.40% and a net margin of 21.03%. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.54 earnings per share. As a group, equities research analysts anticipate that Old Dominion Freight Line, Inc. will post 5.42 earnings per share for the current year.

Old Dominion Freight Line Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th were issued a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $1.04 dividend on an annualized basis and a yield of 0.59%. Old Dominion Freight Line’s payout ratio is currently 18.18%.

Insiders Place Their Bets

In other Old Dominion Freight Line news, Director Leo H. Suggs sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $225.44, for a total value of $676,320.00. Following the completion of the sale, the director now owns 7,383 shares of the company’s stock, valued at approximately $1,664,423.52. This trade represents a 28.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Greg C. Gantt sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $200.07, for a total value of $1,400,490.00. Following the completion of the sale, the director now directly owns 97,890 shares of the company’s stock, valued at $19,584,852.30. This trade represents a 6.67 % decrease in their position. The disclosure for this sale can be found here. 9.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

ODFL has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their price objective on Old Dominion Freight Line from $186.00 to $205.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Evercore ISI dropped their target price on Old Dominion Freight Line from $199.00 to $188.00 and set an “in-line” rating for the company in a research report on Thursday, October 3rd. Wells Fargo & Company dropped their target price on Old Dominion Freight Line from $195.00 to $185.00 and set an “underweight” rating for the company in a research report on Tuesday. Stephens reiterated an “overweight” rating and issued a $240.00 target price on shares of Old Dominion Freight Line in a research report on Wednesday, December 4th. Finally, Stifel Nicolaus downgraded Old Dominion Freight Line from a “buy” rating to a “hold” rating and dropped their target price for the company from $209.00 to $197.00 in a research report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $203.33.

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.