Securian Asset Management Inc. Lowers Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Securian Asset Management Inc. lessened its holdings in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 3.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,097 shares of the transportation company’s stock after selling 332 shares during the period. Securian Asset Management Inc.’s holdings in Old Dominion Freight Line were worth $1,781,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Farther Finance Advisors LLC increased its holdings in Old Dominion Freight Line by 15.6% in the fourth quarter. Farther Finance Advisors LLC now owns 1,916 shares of the transportation company’s stock valued at $338,000 after buying an additional 259 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Old Dominion Freight Line by 65.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,547 shares of the transportation company’s stock worth $626,000 after acquiring an additional 1,403 shares during the period. Sequoia Financial Advisors LLC increased its stake in Old Dominion Freight Line by 9.2% in the 4th quarter. Sequoia Financial Advisors LLC now owns 6,530 shares of the transportation company’s stock valued at $1,152,000 after purchasing an additional 551 shares in the last quarter. AGF Management Ltd. acquired a new position in Old Dominion Freight Line during the fourth quarter worth $403,000. Finally, Markel Group Inc. boosted its position in Old Dominion Freight Line by 1.9% during the fourth quarter. Markel Group Inc. now owns 300,700 shares of the transportation company’s stock worth $53,043,000 after purchasing an additional 5,700 shares in the last quarter. Hedge funds and other institutional investors own 77.82% of the company’s stock.

Old Dominion Freight Line Trading Down 0.9 %

ODFL stock opened at $162.98 on Friday. Old Dominion Freight Line, Inc. has a 52 week low of $158.64 and a 52 week high of $233.26. The company has a market cap of $34.64 billion, a price-to-earnings ratio of 29.74, a PEG ratio of 2.89 and a beta of 1.10. 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 business has a fifty day simple moving average of $186.67 and a 200-day simple moving average of $195.81.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings results on Wednesday, February 5th. The transportation company reported $1.23 EPS 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, equities research analysts expect that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current year.

Old Dominion Freight Line Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.69%. This is a boost 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 is 18.98%.

Wall Street Analysts Forecast Growth

ODFL has been the topic of a number of research reports. Morgan Stanley increased their price objective on shares of Old Dominion Freight Line from $165.00 to $170.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. StockNews.com raised Old Dominion Freight Line from a “sell” rating to a “hold” rating in a research note on Saturday, February 15th. Citigroup dropped their price target on Old Dominion Freight Line from $205.00 to $186.00 and set a “neutral” rating for the company in a research report on Tuesday, March 4th. Wells Fargo & Company reduced their price objective 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. Finally, Truist Financial began coverage on Old Dominion Freight Line in a research report on Thursday. They set a “buy” rating and a $220.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Old Dominion Freight Line currently has a consensus rating of “Hold” and a consensus price target of $202.65.

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.