Financial Engines Advisors L.L.C. Has $16.14 Million Stock Holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Financial Engines Advisors L.L.C. raised its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 23.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 91,487 shares of the transportation company’s stock after purchasing an additional 17,100 shares during the period. Financial Engines Advisors L.L.C.’s holdings in Old Dominion Freight Line were worth $16,138,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Avanza Fonder AB acquired a new position in Old Dominion Freight Line in the 4th quarter valued at about $3,741,000. AustralianSuper Pty Ltd acquired a new position in shares of Old Dominion Freight Line in the fourth quarter valued at approximately $128,221,000. Toronto Dominion Bank increased its stake in shares of Old Dominion Freight Line by 77.7% during the third quarter. Toronto Dominion Bank now owns 98,061 shares of the transportation company’s stock worth $19,479,000 after purchasing an additional 42,880 shares during the period. Blueshift Asset Management LLC bought a new stake in shares of Old Dominion Freight Line in the fourth quarter valued at about $630,000. Finally, Board of the Pension Protection Fund bought a new position in Old Dominion Freight Line during the fourth quarter worth about $600,000. 77.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company reduced their price target on Old Dominion Freight Line from $195.00 to $185.00 and set an “underweight” rating on the stock in a research report 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 report on Thursday, February 6th. JPMorgan Chase & Co. upped their price objective on shares of Old Dominion Freight Line from $186.00 to $205.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Stifel Nicolaus raised shares of Old Dominion Freight Line from a “hold” rating to a “buy” rating and raised their target price for the company from $193.00 to $200.00 in a report on Monday, February 24th. Finally, Bank of America cut 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 report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Old Dominion Freight Line presently has an average rating of “Hold” and a consensus target price of $202.65.

Old Dominion Freight Line Stock Performance

Shares of ODFL stock opened at $167.60 on Wednesday. The stock has a market capitalization of $35.62 billion, a PE ratio of 30.58, a PEG ratio of 2.89 and a beta of 1.10. The business’s 50 day simple moving average is $183.88 and its 200 day simple moving average is $194.05. 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 one year low of $157.67 and a one year high of $233.26.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings data 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 net margin of 20.40% and a return on equity of 28.02%. As a group, research analysts forecast that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current year.

Old Dominion Freight Line Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were given 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 was Wednesday, March 5th. This represents a $1.12 annualized dividend and a dividend yield of 0.67%. Old Dominion Freight Line’s dividend payout ratio (DPR) is 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.