V Square Quantitative Management LLC Has $580,000 Holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

V Square Quantitative Management LLC cut its holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 2.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,289 shares of the transportation company’s stock after selling 89 shares during the period. V Square Quantitative Management LLC’s holdings in Old Dominion Freight Line were worth $580,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of ODFL. Vontobel Holding Ltd. grew its stake in Old Dominion Freight Line by 27.5% during the fourth quarter. Vontobel Holding Ltd. now owns 12,478 shares of the transportation company’s stock worth $2,201,000 after buying an additional 2,688 shares in the last quarter. Asset Management One Co. Ltd. grew its stake in Old Dominion Freight Line by 2.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 76,309 shares of the transportation company’s stock worth $13,753,000 after buying an additional 1,948 shares in the last quarter. Avestar Capital LLC grew its stake in Old Dominion Freight Line by 12.0% during the fourth quarter. Avestar Capital LLC now owns 1,258 shares of the transportation company’s stock worth $222,000 after buying an additional 135 shares in the last quarter. Van ECK Associates Corp grew its stake in Old Dominion Freight Line by 0.4% during the fourth quarter. Van ECK Associates Corp now owns 42,075 shares of the transportation company’s stock worth $7,422,000 after buying an additional 187 shares in the last quarter. Finally, Peterson Wealth Services grew its stake in Old Dominion Freight Line by 0.9% during the fourth quarter. Peterson Wealth Services now owns 14,464 shares of the transportation company’s stock worth $2,551,000 after buying an additional 130 shares in the last quarter. 77.82% of the stock is currently owned by institutional investors and hedge funds.

Old Dominion Freight Line Stock Performance

NASDAQ ODFL opened at $206.34 on Friday. The company has a fifty day simple moving average of $189.35 and a 200 day simple moving average of $197.82. 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. The company has a market cap of $44.05 billion, a P/E ratio of 37.65, a PEG ratio of 5.30 and a beta of 1.05.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings results on Wednesday, February 5th. The transportation company reported $1.23 earnings per share (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%. Sell-side analysts predict that Old Dominion Freight Line, Inc. will post 5.69 earnings per share for the current fiscal year.

Old Dominion Freight Line Increases Dividend

The business 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 dividend of $0.28 per share. The ex-dividend date of this dividend is Wednesday, March 5th. 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 yield of 0.54%. Old Dominion Freight Line’s dividend payout ratio (DPR) is 18.98%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ODFL. The Goldman Sachs Group increased 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 note on Thursday, December 12th. Robert W. Baird dropped their target price on shares of Old Dominion Freight Line from $204.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Citigroup increased their target price on shares of Old Dominion Freight Line from $201.00 to $241.00 and gave the stock a “neutral” rating in a report on Tuesday, November 12th. Evercore ISI increased their target price 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, Barclays dropped their target price on shares of Old Dominion Freight Line from $220.00 to $210.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $203.33.

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.