Wilmington Savings Fund Society FSB Grows Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Wilmington Savings Fund Society FSB lifted its holdings in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 7.7% in the 4th quarter, Holdings Channel reports. The firm owned 9,318 shares of the transportation company’s stock after acquiring an additional 669 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Old Dominion Freight Line were worth $1,644,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of ODFL. Synergy Asset Management LLC bought a new stake in Old Dominion Freight Line during the fourth quarter worth about $41,000. RPg Family Wealth Advisory LLC purchased a new position in shares of Old Dominion Freight Line during the 3rd quarter valued at about $45,000. Brown Brothers Harriman & Co. lifted its position in 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 during the last quarter. Versant Capital Management Inc boosted its stake in Old Dominion Freight Line by 45.5% in the fourth quarter. Versant Capital Management Inc now owns 352 shares of the transportation company’s stock worth $62,000 after buying an additional 110 shares in the last quarter. Finally, Ashton Thomas Securities LLC bought a new position in Old Dominion Freight Line during the third quarter valued at approximately $64,000. 77.82% of the stock is currently owned by institutional investors.

Old Dominion Freight Line Price Performance

Shares of ODFL stock opened at $197.20 on Monday. The business’s fifty day moving average is $190.09 and its 200 day moving average is $197.75. 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 stock has a market cap of $42.10 billion, a price-to-earnings ratio of 35.99, a PEG ratio of 5.30 and a beta of 1.05. Old Dominion Freight Line, Inc. has a twelve month low of $165.49 and a twelve month high of $233.26.

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, topping 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%. 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 announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.57%. This is a positive change from Old Dominion Freight Line’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Wednesday, March 5th. Old Dominion Freight Line’s dividend payout ratio (DPR) is presently 18.98%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ODFL. BMO Capital Markets lowered their price objective on shares of Old Dominion Freight Line from $210.00 to $205.00 and set a “market perform” rating for the company in a report on Thursday, October 24th. Stephens restated an “overweight” rating and set a $240.00 price target on shares of Old Dominion Freight Line in a research report on Thursday. StockNews.com downgraded Old Dominion Freight Line from a “hold” rating to a “sell” rating in a report on Friday. JPMorgan Chase & Co. increased their target price on Old Dominion Freight Line from $186.00 to $205.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Finally, Stifel Nicolaus lifted their price target on Old Dominion Freight Line from $176.00 to $193.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus 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.