Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC reduced its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 13.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,729 shares of the transportation company’s stock after selling 3,671 shares during the period. Yousif Capital Management LLC’s holdings in Old Dominion Freight Line were worth $4,186,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. RPg Family Wealth Advisory LLC bought a new stake in Old Dominion Freight Line during the third quarter worth approximately $45,000. Synergy Asset Management LLC acquired a new position in shares of Old Dominion Freight Line during the 4th quarter valued at $41,000. Brown Brothers Harriman & Co. raised its stake in shares of Old Dominion Freight Line by 398.1% in 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 in the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Old Dominion Freight Line in the third quarter valued at $64,000. Finally, Northwest Investment Counselors LLC bought a new position in Old Dominion Freight Line during the third quarter valued at about $67,000. 77.82% of the stock is currently owned by institutional investors.

Old Dominion Freight Line Trading Up 0.7 %

Shares of NASDAQ:ODFL opened at $197.20 on Friday. Old Dominion Freight Line, Inc. has a 12-month low of $165.49 and a 12-month high of $233.26. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $42.10 billion, a P/E ratio of 34.48, a price-to-earnings-growth ratio of 4.95 and a beta of 1.05. The firm has a fifty day moving average of $190.09 and a two-hundred day moving average of $197.70.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its earnings results on Wednesday, February 5th. The transportation company reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.06. Old Dominion Freight Line had a return on equity of 29.40% and a net margin of 21.03%. On average, equities analysts expect that Old Dominion Freight Line, Inc. will post 5.42 EPS for the current fiscal year.

Old Dominion Freight Line Increases Dividend

The firm also recently disclosed 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. This represents a $1.12 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Wednesday, March 5th. This is a positive change from Old Dominion Freight Line’s previous quarterly dividend of $0.26. Old Dominion Freight Line’s dividend payout ratio (DPR) is presently 18.18%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on ODFL shares. StockNews.com cut shares of Old Dominion Freight Line from a “hold” rating to a “sell” rating in a research report on Friday. Bank of America cut their target price on shares of 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. Jefferies Financial Group lifted their price target on shares of Old Dominion Freight Line from $185.00 to $190.00 and gave the stock a “hold” rating in a research report on Friday, January 10th. Argus downgraded Old Dominion Freight Line from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. raised their price objective on Old Dominion Freight Line from $186.00 to $205.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus 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.