Atria Wealth Solutions Inc. Increases Holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Atria Wealth Solutions Inc. boosted its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 22.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,360 shares of the transportation company’s stock after purchasing an additional 249 shares during the period. Atria Wealth Solutions Inc.’s holdings in Old Dominion Freight Line were worth $240,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of ODFL. Wellington Management Group LLP grew its position in shares of Old Dominion Freight Line by 109.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,435,228 shares of the transportation company’s stock worth $285,094,000 after buying an additional 750,073 shares during the last quarter. AustralianSuper Pty Ltd bought a new stake in shares of Old Dominion Freight Line in the 4th quarter worth approximately $128,221,000. Franklin Resources Inc. grew its position in shares of Old Dominion Freight Line by 74.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,022,812 shares of the transportation company’s stock worth $207,068,000 after buying an additional 437,700 shares during the last quarter. State Street Corp boosted its position in shares of Old Dominion Freight Line by 3.8% during the third quarter. State Street Corp now owns 7,633,531 shares of the transportation company’s stock valued at $1,516,324,000 after purchasing an additional 279,946 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Old Dominion Freight Line by 6.0% during the third quarter. Geode Capital Management LLC now owns 4,830,973 shares of the transportation company’s stock valued at $959,005,000 after purchasing an additional 275,236 shares in the last quarter. 77.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on ODFL. StockNews.com upgraded Old Dominion Freight Line from a “sell” rating to a “hold” rating in a research report on Saturday, February 15th. Morgan Stanley lifted their price target on Old Dominion Freight Line from $165.00 to $170.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Stifel Nicolaus upgraded Old Dominion Freight Line from a “hold” rating to a “buy” rating and lifted their price target for the company from $193.00 to $200.00 in a research report on Monday, February 24th. The Goldman Sachs Group lifted their price target on Old Dominion Freight Line from $213.00 to $235.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. Finally, Jefferies Financial Group lifted their price target on Old Dominion Freight Line from $185.00 to $190.00 and gave the company a “hold” rating in a research report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $203.72.

Old Dominion Freight Line Price Performance

Shares of Old Dominion Freight Line stock opened at $176.50 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.01. Old Dominion Freight Line, Inc. has a twelve month low of $165.49 and a twelve month high of $233.26. The business has a 50-day moving average price of $187.56 and a 200 day moving average price of $197.25. The firm has a market cap of $37.68 billion, a PE ratio of 32.21, a P/E/G ratio of 2.89 and a beta of 1.05.

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 the consensus estimate of $1.17 by $0.06. Old Dominion Freight Line had a return on equity of 28.02% and a net margin of 20.40%. Sell-side analysts predict 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 business 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 is a boost from Old Dominion Freight Line’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a dividend yield of 0.63%. The ex-dividend date is Wednesday, March 5th. Old Dominion Freight Line’s payout ratio is currently 18.98%.

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.