Callan Family Office LLC Takes Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Callan Family Office LLC acquired a new stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 1,743 shares of the transportation company’s stock, valued at approximately $307,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Avanza Fonder AB bought a new stake in shares of Old Dominion Freight Line during the fourth quarter valued at approximately $3,741,000. AustralianSuper Pty Ltd bought a new stake in shares of Old Dominion Freight Line during the fourth quarter valued at approximately $128,221,000. Toronto Dominion Bank increased its holdings in shares of Old Dominion Freight Line by 77.7% during the third quarter. Toronto Dominion Bank now owns 98,061 shares of the transportation company’s stock valued at $19,479,000 after acquiring an additional 42,880 shares in the last quarter. Board of the Pension Protection Fund bought a new stake in shares of Old Dominion Freight Line during the fourth quarter valued at approximately $600,000. Finally, Reliant Investment Management LLC increased its holdings in shares of Old Dominion Freight Line by 10.4% during the fourth quarter. Reliant Investment Management LLC now owns 21,850 shares of the transportation company’s stock valued at $3,854,000 after acquiring an additional 2,060 shares in the last quarter. Institutional investors own 77.82% of the company’s stock.

Old Dominion Freight Line Stock Performance

Shares of ODFL opened at $177.97 on Tuesday. The business has a 50-day simple moving average of $187.10 and a two-hundred day simple moving average of $196.29. Old Dominion Freight Line, Inc. has a 52 week low of $165.49 and a 52 week high of $233.26. The stock has a market cap of $37.83 billion, a price-to-earnings ratio of 32.48, a PEG ratio of 2.89 and a beta of 1.10. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.01.

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 28.02% and a net margin of 20.40%. On average, analysts expect that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current year.

Old Dominion Freight Line Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be given a $0.28 dividend. This is a boost from Old Dominion Freight Line’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.63%. Old Dominion Freight Line’s dividend payout ratio (DPR) is presently 18.98%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ODFL. Wells Fargo & Company decreased their price objective on Old Dominion Freight Line from $195.00 to $185.00 and set an “underweight” rating for the company in a report on Tuesday, January 7th. Stifel Nicolaus upgraded Old Dominion Freight Line from a “hold” rating to a “buy” rating and upped their price target for the stock from $193.00 to $200.00 in a report on Monday, February 24th. Argus downgraded Old Dominion Freight Line from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. The Goldman Sachs Group upped their price objective on Old Dominion Freight Line from $213.00 to $235.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. Finally, Barclays reduced their price objective on Old Dominion Freight Line from $210.00 to $195.00 and set an “equal weight” rating for the company in a research note on Monday. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Old Dominion Freight Line currently has an average rating of “Hold” and a consensus target price of $201.74.

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.