Wilkinson Global Asset Management LLC Has $17.94 Million Stock Holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Wilkinson Global Asset Management LLC trimmed its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 3.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 101,686 shares of the transportation company’s stock after selling 3,803 shares during the quarter. Old Dominion Freight Line comprises approximately 1.1% of Wilkinson Global Asset Management LLC’s investment portfolio, making the stock its 27th biggest position. Wilkinson Global Asset Management LLC’s holdings in Old Dominion Freight Line were worth $17,937,000 as of its most recent SEC filing.

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

Old Dominion Freight Line Stock Up 1.4 %

Shares of NASDAQ:ODFL opened at $209.29 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.33. Old Dominion Freight Line, Inc. has a 52-week low of $165.49 and a 52-week high of $233.26. The company has a market capitalization of $44.68 billion, a PE ratio of 38.19, a price-to-earnings-growth ratio of 3.03 and a beta of 1.05. The company has a fifty day moving average of $189.48 and a 200-day moving average of $197.86.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its earnings results on Wednesday, February 5th. The transportation company reported $1.23 earnings per share (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%. On average, equities analysts predict that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current fiscal year.

Old Dominion Freight Line Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be given a dividend of $0.28 per share. The ex-dividend date 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 annualized dividend and a yield of 0.54%. Old Dominion Freight Line’s dividend payout ratio (DPR) is currently 18.98%.

Analyst Ratings Changes

A number of research firms recently commented on ODFL. StockNews.com raised shares of Old Dominion Freight Line from a “sell” rating to a “hold” rating in a research report on Saturday. Stephens reiterated an “overweight” rating and issued a $240.00 price target on shares of Old Dominion Freight Line in a research report on Thursday, February 6th. Bank of America cut their price target on Old Dominion Freight Line from $237.00 to $204.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Barclays lowered their price objective on Old Dominion Freight Line from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Finally, Jefferies Financial Group increased their target price on Old Dominion Freight Line from $185.00 to $190.00 and gave the stock a “hold” rating in a report on Friday, January 10th. One equities research 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 MarketBeat, the stock presently has an average rating of “Hold” and an average price target 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.