Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Stock Position Boosted by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. boosted its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 45.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,980 shares of the transportation company’s stock after buying an additional 616 shares during the period. Oppenheimer & Co. Inc.’s holdings in Old Dominion Freight Line were worth $349,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ODFL. New York Life Investment Management LLC lifted its holdings in Old Dominion Freight Line by 11.2% in the 4th quarter. New York Life Investment Management LLC now owns 27,952 shares of the transportation company’s stock valued at $4,931,000 after acquiring an additional 2,809 shares during the last quarter. Harfst & Associates Inc. lifted its stake in Old Dominion Freight Line by 14.5% during the fourth quarter. Harfst & Associates Inc. now owns 11,160 shares of the transportation company’s stock valued at $1,969,000 after buying an additional 1,417 shares in the last quarter. SRN Advisors LLC lifted its stake in Old Dominion Freight Line by 2.0% during the fourth quarter. SRN Advisors LLC now owns 5,961 shares of the transportation company’s stock valued at $1,052,000 after buying an additional 117 shares in the last quarter. Whipplewood Advisors LLC purchased a new stake in Old Dominion Freight Line during the fourth quarter valued at about $35,000. Finally, Checchi Capital Advisers LLC lifted its stake in Old Dominion Freight Line by 3.4% during the fourth quarter. Checchi Capital Advisers LLC now owns 2,323 shares of the transportation company’s stock valued at $410,000 after buying an additional 77 shares in the last quarter. Institutional investors own 77.82% of the company’s stock.

Old Dominion Freight Line Trading Up 1.1 %

Shares of ODFL stock opened at $179.55 on Friday. The company has a market cap of $38.16 billion, a P/E ratio of 32.76, a PEG ratio of 2.89 and a beta of 1.10. Old Dominion Freight Line, Inc. has a fifty-two week low of $165.49 and a fifty-two week high of $233.26. The stock has a 50 day simple moving average of $187.10 and a two-hundred day simple moving average of $196.65. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.33.

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, beating 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%. Research analysts forecast that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current year.

Old Dominion Freight Line Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be given a $0.28 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $1.12 annualized dividend and a yield of 0.62%. This is a boost from Old Dominion Freight Line’s previous quarterly dividend of $0.26. Old Dominion Freight Line’s payout ratio is currently 18.98%.

Wall Street Analysts Forecast Growth

ODFL has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Old Dominion Freight Line in a research note on Friday. They set a “buy” rating and a $236.00 price objective for the company. StockNews.com raised shares of Old Dominion Freight Line from a “sell” rating to a “hold” rating in a research note on Saturday, February 15th. Barclays reduced their price target on shares of Old Dominion Freight Line from $220.00 to $210.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Susquehanna reissued a “neutral” rating and issued a $195.00 price target (down from $218.00) on shares of Old Dominion Freight Line in a research report on Tuesday, January 7th. Finally, Stephens reissued an “overweight” rating and issued a $240.00 price target on shares of Old Dominion Freight Line in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $202.53.

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.