Global Retirement Partners LLC Has $1.07 Million Stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Global Retirement Partners LLC lifted its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 1.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,067 shares of the transportation company’s stock after acquiring an additional 83 shares during the period. Global Retirement Partners LLC’s holdings in Old Dominion Freight Line were worth $1,070,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ODFL. Avanza Fonder AB acquired a new stake in Old Dominion Freight Line in the fourth quarter valued at approximately $3,741,000. AustralianSuper Pty Ltd bought a new position in shares of Old Dominion Freight Line in the 4th quarter worth $128,221,000. Toronto Dominion Bank grew its position in Old Dominion Freight Line by 77.7% in the 3rd quarter. Toronto Dominion Bank now owns 98,061 shares of the transportation company’s stock valued at $19,479,000 after purchasing an additional 42,880 shares during the period. Board of the Pension Protection Fund bought a new stake in Old Dominion Freight Line during the 4th quarter valued at $600,000. Finally, Sequoia Financial Advisors LLC raised its holdings in Old Dominion Freight Line by 20.5% during the third quarter. Sequoia Financial Advisors LLC now owns 5,979 shares of the transportation company’s stock worth $1,188,000 after buying an additional 1,017 shares during the last quarter. 77.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Morgan Stanley lifted 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 report on Thursday, February 6th. StockNews.com upgraded Old Dominion Freight Line from a “sell” rating to a “hold” rating in a research note on Saturday, February 15th. Wells Fargo & Company lowered their price objective on Old Dominion Freight Line from $195.00 to $185.00 and set an “underweight” rating for the company in a research note on Tuesday, January 7th. Susquehanna restated a “neutral” rating and issued a $195.00 target price (down previously from $218.00) on shares of Old Dominion Freight Line in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. upped their price target on Old Dominion Freight Line from $186.00 to $205.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $203.33.

Old Dominion Freight Line Trading Down 8.5 %

Shares of ODFL stock opened at $180.40 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. The firm has a market cap of $38.52 billion, a P/E ratio of 32.92, a PEG ratio of 3.01 and a beta of 1.05. The company has a 50 day moving average of $188.96 and a 200-day moving average of $197.81. 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 released its earnings results on Wednesday, February 5th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 anticipate that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current year.

Old Dominion Freight Line Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be issued 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 positive change from Old Dominion Freight Line’s previous quarterly dividend of $0.26. Old Dominion Freight Line’s dividend payout ratio (DPR) is 18.98%.

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.