Principle Wealth Partners LLC Has $3.85 Million Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Principle Wealth Partners LLC lessened its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 21,829 shares of the transportation company’s stock after selling 245 shares during the quarter. Principle Wealth Partners LLC’s holdings in Old Dominion Freight Line were worth $3,851,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Savant Capital LLC lifted its holdings in shares of Old Dominion Freight Line by 38.4% during the 4th quarter. Savant Capital LLC now owns 2,365 shares of the transportation company’s stock valued at $417,000 after buying an additional 656 shares during the last quarter. Kestra Private Wealth Services LLC raised its position in Old Dominion Freight Line by 0.7% during the fourth quarter. Kestra Private Wealth Services LLC now owns 9,454 shares of the transportation company’s stock valued at $1,668,000 after acquiring an additional 62 shares in the last quarter. Stephens Inc. AR lifted its stake in Old Dominion Freight Line by 11.1% in the fourth quarter. Stephens Inc. AR now owns 8,282 shares of the transportation company’s stock valued at $1,461,000 after acquiring an additional 826 shares during the last quarter. Entropy Technologies LP bought a new stake in Old Dominion Freight Line in the fourth quarter worth approximately $1,193,000. Finally, Empowered Funds LLC increased its stake in shares of Old Dominion Freight Line by 22.7% during the 4th quarter. Empowered Funds LLC now owns 4,347 shares of the transportation company’s stock worth $767,000 after purchasing an additional 804 shares during the last quarter. Hedge funds and other institutional investors own 77.82% of the company’s stock.

Old Dominion Freight Line Stock Up 2.3 %

Shares of ODFL stock opened at $201.78 on Tuesday. Old Dominion Freight Line, Inc. has a one year low of $165.49 and a one year high of $233.26. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.33 and a quick ratio of 1.33. The stock has a fifty day moving average price of $189.63 and a 200 day moving average price of $197.72. The stock has a market cap of $43.08 billion, a P/E ratio of 36.82, a price-to-earnings-growth ratio of 5.30 and a beta of 1.05.

Old Dominion Freight Line (NASDAQ:ODFL) last released its quarterly earnings data on Wednesday, February 5th. The transportation company reported $1.23 EPS 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%. Analysts predict that Old Dominion Freight Line, Inc. will post 5.69 earnings per share for the current year.

Old Dominion Freight Line Increases Dividend

The business also recently disclosed 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 represents a $1.12 dividend on an annualized basis and a yield of 0.56%. 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 payout ratio is presently 18.98%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. StockNews.com lowered shares of Old Dominion Freight Line from a “hold” rating to a “sell” rating in a research note on Friday. Jefferies Financial Group boosted their price target on 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. Evercore ISI increased their price objective on Old Dominion Freight Line from $199.00 to $202.00 and gave the company an “in-line” rating in a report on Thursday, February 6th. Barclays reduced their target price on Old Dominion Freight Line from $220.00 to $210.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Finally, Morgan Stanley increased their price target on Old Dominion Freight Line from $165.00 to $170.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Old Dominion Freight Line has an average rating of “Hold” and an average target price of $203.33.

Old Dominion Freight Line 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.