Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Shares Sold by Candriam S.C.A.

Candriam S.C.A. lowered its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 2.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 16,429 shares of the transportation company’s stock after selling 397 shares during the quarter. Candriam S.C.A.’s holdings in Old Dominion Freight Line were worth $2,898,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Whipplewood Advisors LLC acquired a new position in shares of Old Dominion Freight Line during the fourth quarter valued at approximately $35,000. RPg Family Wealth Advisory LLC acquired a new position in shares of Old Dominion Freight Line during the third quarter valued at approximately $45,000. Synergy Asset Management LLC acquired a new position in shares of Old Dominion Freight Line during the fourth quarter valued at approximately $41,000. Brown Brothers Harriman & Co. raised its holdings in shares of Old Dominion Freight Line by 398.1% during the third quarter. Brown Brothers Harriman & Co. now owns 269 shares of the transportation company’s stock valued at $53,000 after acquiring an additional 215 shares during the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Old Dominion Freight Line during the third quarter valued at approximately $64,000. Institutional investors and hedge funds own 77.82% of the company’s stock.

Old Dominion Freight Line Stock Up 1.1 %

Old Dominion Freight Line stock opened at $179.55 on Monday. The stock’s fifty day moving average is $187.08 and its two-hundred day moving average is $196.45. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.33 and a quick ratio of 1.33. Old Dominion Freight Line, Inc. has a 1-year low of $165.49 and a 1-year high of $233.26. The stock has a market cap of $38.16 billion, a PE ratio of 32.76, a P/E/G ratio of 2.89 and a beta of 1.10.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its earnings results 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%. On average, sell-side analysts expect that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current fiscal year.

Old Dominion Freight Line Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders 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 represents a $1.12 dividend on an annualized basis and a dividend yield of 0.62%. This is a boost from Old Dominion Freight Line’s previous quarterly dividend of $0.26. Old Dominion Freight Line’s payout ratio is 18.98%.

Analysts Set New Price Targets

A number of brokerages have commented on ODFL. Stephens reissued an “overweight” rating and set a $240.00 target price on shares of Old Dominion Freight Line in a report on Thursday, February 6th. StockNews.com raised Old Dominion Freight Line from a “sell” rating to a “hold” rating in a report on Saturday, February 15th. Argus cut Old Dominion Freight Line from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. The Goldman Sachs Group increased their price target on Old Dominion Freight Line from $213.00 to $235.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. Finally, Barclays cut their price target on Old Dominion Freight Line from $220.00 to $210.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Old Dominion Freight Line currently has a consensus rating of “Hold” and an average target price of $202.53.

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.