IFP Advisors Inc Has $1.74 Million Stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

IFP Advisors Inc trimmed its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 33.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,847 shares of the transportation company’s stock after selling 4,896 shares during the period. IFP Advisors Inc’s holdings in Old Dominion Freight Line were worth $1,738,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Avanza Fonder AB bought a new stake in Old Dominion Freight Line during the fourth quarter valued at about $3,741,000. AustralianSuper Pty Ltd bought a new stake in Old Dominion Freight Line during the fourth quarter valued at about $128,221,000. Toronto Dominion Bank boosted its holdings in Old Dominion Freight Line by 77.7% during the third quarter. Toronto Dominion Bank now owns 98,061 shares of the transportation company’s stock valued at $19,479,000 after acquiring 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 fourth quarter valued at about $600,000. Finally, Reliant Investment Management LLC boosted its holdings in Old Dominion Freight Line by 10.4% during the fourth quarter. Reliant Investment Management LLC now owns 21,850 shares of the transportation company’s stock valued at $3,854,000 after acquiring an additional 2,060 shares during the period. 77.82% of the stock is currently owned by institutional investors.

Old Dominion Freight Line Trading Down 1.1 %

Shares of NASDAQ ODFL opened at $179.88 on Wednesday. The company’s fifty day moving average is $188.24 and its 200-day moving average is $197.64. The stock has a market cap of $38.40 billion, a price-to-earnings ratio of 32.82, a P/E/G ratio of 2.89 and a beta of 1.05. Old Dominion Freight Line, Inc. has a twelve month low of $165.49 and a twelve month 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.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its earnings results 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 predict that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current year.

Old Dominion Freight Line Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be given a dividend of $0.28 per share. This is a positive change from Old Dominion Freight Line’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $1.12 annualized dividend and a dividend yield of 0.62%. Old Dominion Freight Line’s dividend payout ratio (DPR) is currently 18.98%.

Analyst Ratings Changes

ODFL has been the subject of a number of recent analyst reports. Stifel Nicolaus upgraded shares of Old Dominion Freight Line from a “hold” rating to a “buy” rating and upped their price target for the company from $193.00 to $200.00 in a report on Monday. Barclays reduced 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 research note on Friday, January 17th. StockNews.com upgraded shares of Old Dominion Freight Line from a “sell” rating to a “hold” rating in a research note on Saturday, February 15th. Bank of America reduced their target price on shares of Old Dominion Freight Line from $237.00 to $204.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Finally, Evercore ISI increased their target price on shares of 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 given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $203.72.

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.