Venturi Wealth Management LLC Has $1.70 Million Stock Holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Venturi Wealth Management LLC lifted its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 3.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 9,661 shares of the transportation company’s stock after purchasing an additional 332 shares during the period. Venturi Wealth Management LLC’s holdings in Old Dominion Freight Line were worth $1,704,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. D.A. Davidson & CO. increased its stake in Old Dominion Freight Line by 1.9% during the 4th quarter. D.A. Davidson & CO. now owns 2,888 shares of the transportation company’s stock worth $509,000 after purchasing an additional 55 shares in the last quarter. Truist Financial Corp increased its stake in Old Dominion Freight Line by 10.8% during the 4th quarter. Truist Financial Corp now owns 93,594 shares of the transportation company’s stock worth $16,510,000 after purchasing an additional 9,104 shares in the last quarter. CIBC Asset Management Inc increased its stake in Old Dominion Freight Line by 3.1% during the 4th quarter. CIBC Asset Management Inc now owns 69,112 shares of the transportation company’s stock worth $12,191,000 after purchasing an additional 2,108 shares in the last quarter. Sanctuary Advisors LLC increased its stake in Old Dominion Freight Line by 0.8% during the 4th quarter. Sanctuary Advisors LLC now owns 49,970 shares of the transportation company’s stock worth $9,333,000 after purchasing an additional 402 shares in the last quarter. Finally, Catalyst Capital Advisors LLC increased its stake in Old Dominion Freight Line by 209.8% during the 4th quarter. Catalyst Capital Advisors LLC now owns 536 shares of the transportation company’s stock worth $95,000 after purchasing an additional 363 shares in the last quarter. 77.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on ODFL shares. Evercore ISI increased their target price on Old Dominion Freight Line from $199.00 to $202.00 and gave the stock an “in-line” rating in a research note on Thursday, February 6th. JPMorgan Chase & Co. raised their price target on shares of 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. Bank of America decreased their price target 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. BMO Capital Markets decreased their price target on shares of Old Dominion Freight Line from $210.00 to $205.00 and set a “market perform” rating for the company in a research note on Thursday, October 24th. Finally, TD Cowen decreased their price target on shares of Old Dominion Freight Line from $203.00 to $196.00 and set a “hold” rating for the company in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $203.33.

Old Dominion Freight Line Price Performance

NASDAQ:ODFL opened at $209.29 on Wednesday. Old Dominion Freight Line, Inc. has a 1-year low of $165.49 and a 1-year high of $233.26. 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 firm has a fifty day simple moving average of $189.48 and a 200 day simple moving average of $197.86. The stock has a market capitalization of $44.68 billion, a PE ratio of 38.19, a P/E/G ratio of 5.30 and a beta of 1.05.

Old Dominion Freight Line (NASDAQ:ODFL) last released its earnings results 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 net margin of 20.40% and a return on equity of 28.02%. On average, research analysts expect that Old Dominion Freight Line, Inc. will post 5.69 EPS for the current fiscal year.

Old Dominion Freight Line Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.28 per share. This is an increase from Old Dominion Freight Line’s previous quarterly dividend of $0.26. The ex-dividend date is Wednesday, March 5th. 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%.

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.