J.W. Cole Advisors Inc. Has $495,000 Holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

J.W. Cole Advisors Inc. raised its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 8.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,806 shares of the transportation company’s stock after acquiring an additional 218 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Old Dominion Freight Line were worth $495,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Valmark Advisers Inc. increased its position in Old Dominion Freight Line by 2.9% in the 4th quarter. Valmark Advisers Inc. now owns 2,431 shares of the transportation company’s stock valued at $429,000 after acquiring an additional 68 shares in the last quarter. Allworth Financial LP boosted its stake in shares of Old Dominion Freight Line by 31.3% in the 4th quarter. Allworth Financial LP now owns 1,874 shares of the transportation company’s stock valued at $354,000 after purchasing an additional 447 shares during the last quarter. Principal Securities Inc. boosted its stake in shares of Old Dominion Freight Line by 33.0% in the 4th quarter. Principal Securities Inc. now owns 593 shares of the transportation company’s stock valued at $105,000 after purchasing an additional 147 shares during the last quarter. Legacy Capital Wealth Partners LLC boosted its stake in shares of Old Dominion Freight Line by 42.0% in the 4th quarter. Legacy Capital Wealth Partners LLC now owns 1,556 shares of the transportation company’s stock valued at $274,000 after purchasing an additional 460 shares during the last quarter. Finally, Congress Asset Management Co. boosted its stake in shares of Old Dominion Freight Line by 4.9% in the 4th quarter. Congress Asset Management Co. now owns 2,415 shares of the transportation company’s stock valued at $426,000 after purchasing an additional 112 shares during the last quarter. Institutional investors and hedge funds own 77.82% of the company’s stock.

Old Dominion Freight Line Price Performance

NASDAQ ODFL opened at $205.11 on Thursday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.01. 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 market capitalization of $43.79 billion, a PE ratio of 37.43, a price-to-earnings-growth ratio of 3.03 and a beta of 1.05. The firm’s 50 day moving average is $189.48 and its 200-day moving average is $197.91.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings data on Wednesday, February 5th. The transportation company reported $1.23 earnings per share (EPS) 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%. Equities research 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 firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders 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 is an increase 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%. Old Dominion Freight Line’s dividend payout ratio (DPR) is 18.98%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ODFL. Jefferies Financial Group raised their target price on shares of 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. The Goldman Sachs Group raised their target price on shares of Old Dominion Freight Line from $213.00 to $235.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. BMO Capital Markets reduced 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 research note on Thursday, October 24th. StockNews.com raised shares of Old Dominion Freight Line from a “sell” rating to a “hold” rating in a research note on Saturday, February 15th. Finally, Argus lowered shares of Old Dominion Freight Line from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. One 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, Old Dominion Freight Line presently has a consensus rating of “Hold” and a consensus price target of $203.33.

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.