New York State Teachers Retirement System Sells 204 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

New York State Teachers Retirement System lessened its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 0.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 177,998 shares of the transportation company’s stock after selling 204 shares during the period. New York State Teachers Retirement System’s holdings in Old Dominion Freight Line were worth $31,399,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Vontobel Holding Ltd. increased its position in shares of Old Dominion Freight Line by 27.5% during the 4th quarter. Vontobel Holding Ltd. now owns 12,478 shares of the transportation company’s stock worth $2,201,000 after purchasing an additional 2,688 shares during the last quarter. Asset Management One Co. Ltd. grew its stake in shares of Old Dominion Freight Line by 2.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 76,309 shares of the transportation company’s stock valued at $13,753,000 after buying an additional 1,948 shares in the last quarter. Avestar Capital LLC increased its holdings in Old Dominion Freight Line by 12.0% during the fourth quarter. Avestar Capital LLC now owns 1,258 shares of the transportation company’s stock worth $222,000 after buying an additional 135 shares during the last quarter. Van ECK Associates Corp raised its position in Old Dominion Freight Line by 0.4% during the fourth quarter. Van ECK Associates Corp now owns 42,075 shares of the transportation company’s stock worth $7,422,000 after acquiring an additional 187 shares in the last quarter. Finally, Peterson Wealth Services lifted its stake in Old Dominion Freight Line by 0.9% in the fourth quarter. Peterson Wealth Services now owns 14,464 shares of the transportation company’s stock valued at $2,551,000 after acquiring an additional 130 shares during the last quarter. 77.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ODFL has been the topic of several recent analyst reports. Morgan Stanley boosted their price objective on shares of Old Dominion Freight Line from $165.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. Robert W. Baird dropped their price objective on Old Dominion Freight Line from $204.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Wells Fargo & Company reduced 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 note on Tuesday, January 7th. Stephens restated an “overweight” rating and issued a $240.00 price target on shares of Old Dominion Freight Line in a research note on Thursday, February 6th. Finally, Barclays reduced their price objective on shares of Old Dominion Freight Line from $220.00 to $210.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $203.33.

Old Dominion Freight Line Stock Down 0.0 %

NASDAQ ODFL opened at $206.34 on Friday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01. The company has a market cap of $44.05 billion, a price-to-earnings ratio of 37.65, a PEG ratio of 5.30 and a beta of 1.05. The company has a 50 day moving average of $189.35 and a 200-day moving average of $197.82. Old Dominion Freight Line, Inc. has a 1-year low of $165.49 and a 1-year high of $233.26.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its quarterly earnings data on Wednesday, February 5th. The transportation company reported $1.23 earnings per share for the quarter, beating the consensus estimate 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 research analysts expect that Old Dominion Freight Line, Inc. will post 5.69 earnings per share for the current fiscal year.

Old Dominion Freight Line Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.54%. This is an increase from Old Dominion Freight Line’s previous quarterly dividend of $0.26. The ex-dividend date is Wednesday, March 5th. Old Dominion Freight Line’s dividend payout ratio is presently 18.98%.

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.