Candriam S.C.A. Sells 397 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Candriam S.C.A. trimmed its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 2.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,429 shares of the transportation company’s stock after selling 397 shares during the period. Candriam S.C.A.’s holdings in Old Dominion Freight Line were worth $2,898,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Vestmark Advisory Solutions Inc. increased its position in Old Dominion Freight Line by 38.5% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 1,439 shares of the transportation company’s stock valued at $254,000 after buying an additional 400 shares in the last quarter. Inceptionr LLC acquired a new position in Old Dominion Freight Line during the 4th quarter valued at about $1,271,000. Raymond James Financial Inc. acquired a new position in Old Dominion Freight Line during the 4th quarter valued at about $114,449,000. Verdence Capital Advisors LLC increased its position in Old Dominion Freight Line by 19.4% during the 4th quarter. Verdence Capital Advisors LLC now owns 4,948 shares of the transportation company’s stock valued at $873,000 after buying an additional 803 shares in the last quarter. Finally, Aigen Investment Management LP acquired a new position in Old Dominion Freight Line during the 4th quarter valued at about $468,000. 77.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on ODFL shares. The Goldman Sachs Group upped their target price 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. Jefferies Financial Group boosted their price target on Old Dominion Freight Line from $185.00 to $190.00 and gave the company a “hold” rating in a research note on Friday, January 10th. Bank of America dropped their price target on Old Dominion Freight Line from $237.00 to $204.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Wells Fargo & Company dropped their price target on Old Dominion Freight Line from $195.00 to $185.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 7th. Finally, Evercore ISI boosted their price target on Old Dominion Freight Line from $199.00 to $202.00 and gave the company an “in-line” rating in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $202.53.

Old Dominion Freight Line Stock Up 1.1 %

Shares of ODFL opened at $179.55 on Monday. The company has a market capitalization of $38.16 billion, a price-to-earnings ratio of 32.76, a PEG ratio of 2.89 and a beta of 1.10. Old Dominion Freight Line, Inc. has a 52 week low of $165.49 and a 52 week high of $233.26. 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 stock’s 50-day moving average price is $187.08 and its 200-day moving average price is $196.45.

Old Dominion Freight Line (NASDAQ:ODFL) last released its quarterly earnings results on Wednesday, February 5th. The transportation company reported $1.23 earnings per share 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%. On average, sell-side analysts predict that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current year.

Old Dominion Freight Line Increases Dividend

The firm also recently declared 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. This is a boost from Old Dominion Freight Line’s previous quarterly dividend of $0.26. The ex-dividend date is Wednesday, March 5th. This represents a $1.12 dividend on an annualized basis and a yield of 0.62%. Old Dominion Freight Line’s dividend payout ratio is presently 18.98%.

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.