Wilkinson Global Asset Management LLC Has $17.94 Million Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Wilkinson Global Asset Management LLC decreased its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 3.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 101,686 shares of the transportation company’s stock after selling 3,803 shares during the period. Old Dominion Freight Line makes up 1.1% of Wilkinson Global Asset Management LLC’s investment portfolio, making the stock its 27th biggest position. Wilkinson Global Asset Management LLC’s holdings in Old Dominion Freight Line were worth $17,937,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Atria Wealth Solutions Inc. increased its position in shares of Old Dominion Freight Line by 22.4% during the fourth quarter. Atria Wealth Solutions Inc. now owns 1,360 shares of the transportation company’s stock worth $240,000 after buying an additional 249 shares during the period. Venturi Wealth Management LLC grew its holdings in Old Dominion Freight Line by 3.6% during the 4th quarter. Venturi Wealth Management LLC now owns 9,661 shares of the transportation company’s stock worth $1,704,000 after acquiring an additional 332 shares during the period. D.A. Davidson & CO. grew its holdings 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 acquiring an additional 55 shares during the period. Truist Financial Corp raised its position in shares of Old Dominion Freight Line by 10.8% in the 4th quarter. Truist Financial Corp now owns 93,594 shares of the transportation company’s stock worth $16,510,000 after acquiring an additional 9,104 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its stake in shares of Old Dominion Freight Line by 3.1% in the 4th quarter. CIBC Asset Management Inc now owns 69,112 shares of the transportation company’s stock valued at $12,191,000 after purchasing an additional 2,108 shares during the period. 77.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on ODFL. TD Cowen decreased their target price on 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. Susquehanna reiterated a “neutral” rating and issued a $195.00 price objective (down previously from $218.00) on shares of Old Dominion Freight Line in a research note on Tuesday, January 7th. Stephens reiterated an “overweight” rating and set a $240.00 target price on shares of Old Dominion Freight Line in a research report on Thursday, February 6th. Evercore ISI raised their price target on shares of Old Dominion Freight Line from $199.00 to $202.00 and gave the stock an “in-line” rating in a report on Thursday, February 6th. Finally, BMO Capital Markets dropped their price objective on shares of Old Dominion Freight Line from $210.00 to $205.00 and set a “market perform” rating on the stock in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $203.33.

Old Dominion Freight Line Trading Up 1.4 %

Shares of Old Dominion Freight Line stock opened at $209.29 on Wednesday. The company has a market capitalization of $44.68 billion, a P/E ratio of 38.19, a price-to-earnings-growth ratio of 3.03 and a beta of 1.05. The stock has a fifty day simple moving average of $189.48 and a 200 day simple moving average of $197.86. Old Dominion Freight Line, Inc. has a 12-month low of $165.49 and a 12-month 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.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings data on Wednesday, February 5th. The transportation company reported $1.23 earnings per share (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%. On average, sell-side analysts anticipate that Old Dominion Freight Line, Inc. will post 5.68 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 $0.28 dividend. 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. This represents a $1.12 annualized dividend and a yield of 0.54%. Old Dominion Freight Line’s dividend payout ratio (DPR) is 18.98%.

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.