Twin Capital Management Inc. Boosts Holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Twin Capital Management Inc. lifted its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 3.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,318 shares of the transportation company’s stock after purchasing an additional 435 shares during the period. Twin Capital Management Inc.’s holdings in Old Dominion Freight Line were worth $2,173,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Captrust Financial Advisors raised its stake in Old Dominion Freight Line by 1.7% in the 3rd quarter. Captrust Financial Advisors now owns 7,502 shares of the transportation company’s stock valued at $1,490,000 after purchasing an additional 124 shares during the last quarter. Benjamin Edwards Inc. boosted its position in Old Dominion Freight Line by 1,448.6% during the third quarter. Benjamin Edwards Inc. now owns 2,230 shares of the transportation company’s stock worth $443,000 after acquiring an additional 2,086 shares during the last quarter. Janus Henderson Group PLC grew its stake in Old Dominion Freight Line by 4.2% during the 3rd quarter. Janus Henderson Group PLC now owns 22,671 shares of the transportation company’s stock valued at $4,505,000 after acquiring an additional 917 shares in the last quarter. Integrated Wealth Concepts LLC raised its holdings in Old Dominion Freight Line by 2.3% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 4,468 shares of the transportation company’s stock valued at $887,000 after acquiring an additional 101 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in shares of Old Dominion Freight Line by 109.5% in the third quarter. Wellington Management Group LLP now owns 1,435,228 shares of the transportation company’s stock valued at $285,094,000 after purchasing an additional 750,073 shares in the last quarter. 77.82% of the stock is owned by hedge funds and other institutional investors.

Old Dominion Freight Line Trading Down 2.4 %

NASDAQ:ODFL opened at $152.06 on Monday. The stock has a market capitalization of $32.32 billion, a price-to-earnings ratio of 27.75, a PEG ratio of 2.89 and a beta of 1.25. Old Dominion Freight Line, Inc. has a 1 year low of $144.76 and a 1 year high of $233.26. The stock has a fifty day moving average price of $179.81 and a two-hundred day moving average price of $192.48. 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 announced 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 net margin of 20.40% and a return on equity of 28.02%. As a group, sell-side analysts anticipate that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current fiscal year.

Old Dominion Freight Line Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.74%. This is an increase from Old Dominion Freight Line’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Wednesday, March 5th. Old Dominion Freight Line’s payout ratio is presently 18.98%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ODFL. Jefferies Financial Group upped their price objective on shares of Old Dominion Freight Line from $185.00 to $190.00 and gave the company a “hold” rating in a report on Friday, January 10th. Morgan Stanley lifted their target price on Old Dominion Freight Line from $165.00 to $170.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft began coverage on shares of Old Dominion Freight Line in a report on Friday, March 7th. They issued a “buy” rating and a $236.00 price objective on the stock. Barclays cut their target price on Old Dominion Freight Line from $195.00 to $185.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 2nd. Finally, StockNews.com downgraded Old Dominion Freight Line from a “hold” rating to a “sell” rating in a report on Saturday, March 29th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Old Dominion Freight Line has a consensus rating of “Hold” and a consensus price target of $199.70.

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.