Kestra Private Wealth Services LLC Grows Stock Holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Kestra Private Wealth Services LLC increased its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 0.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 9,454 shares of the transportation company’s stock after acquiring an additional 62 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Old Dominion Freight Line were worth $1,668,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Synergy Asset Management LLC purchased a new position in shares of Old Dominion Freight Line during the 4th quarter worth $41,000. RPg Family Wealth Advisory LLC purchased a new position in Old Dominion Freight Line during the third quarter worth about $45,000. Brown Brothers Harriman & Co. increased its position in shares of Old Dominion Freight Line by 398.1% during the third quarter. Brown Brothers Harriman & Co. now owns 269 shares of the transportation company’s stock valued at $53,000 after acquiring an additional 215 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of Old Dominion Freight Line by 45.5% in the 4th quarter. Versant Capital Management Inc now owns 352 shares of the transportation company’s stock valued at $62,000 after acquiring an additional 110 shares during the period. Finally, Ashton Thomas Securities LLC acquired a new position in Old Dominion Freight Line during the third quarter worth $64,000. Institutional investors and hedge funds own 77.82% of the company’s stock.

Old Dominion Freight Line Stock Down 1.3 %

ODFL opened at $203.02 on Thursday. The stock’s 50 day moving average price is $189.21 and its 200 day moving average price is $197.78. 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 market cap of $43.34 billion, a P/E ratio of 37.05, a P/E/G ratio of 5.30 and a beta of 1.05. Old Dominion Freight Line, Inc. has a 12 month low of $165.49 and a 12 month high of $233.26.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its quarterly earnings data on Wednesday, February 5th. The transportation company reported $1.23 earnings per share for the quarter, beating 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%. As a group, research 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 declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders 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. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date is Wednesday, March 5th. Old Dominion Freight Line’s dividend payout ratio is currently 18.98%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Stifel Nicolaus upped their target price on shares of Old Dominion Freight Line from $176.00 to $193.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Argus cut shares of Old Dominion Freight Line from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. StockNews.com cut shares of Old Dominion Freight Line from a “hold” rating to a “sell” rating in a report on Friday, February 7th. BMO Capital Markets cut their target price 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. Finally, The Goldman Sachs Group upped their price objective on shares of Old Dominion Freight Line from $213.00 to $235.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Old Dominion Freight Line has an average rating of “Hold” and a consensus 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.