Dorsey & Whitney Trust CO LLC Buys 61 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Dorsey & Whitney Trust CO LLC increased its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 5.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,169 shares of the transportation company’s stock after acquiring an additional 61 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Old Dominion Freight Line were worth $206,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of ODFL. Whipplewood Advisors LLC acquired a new stake in Old Dominion Freight Line during the fourth quarter worth approximately $35,000. Synergy Asset Management LLC bought a new position in shares of Old Dominion Freight Line during the fourth quarter worth approximately $41,000. RPg Family Wealth Advisory LLC acquired a new stake in Old Dominion Freight Line during the 3rd quarter worth approximately $45,000. Brown Brothers Harriman & Co. boosted its stake in Old Dominion Freight Line by 398.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 269 shares of the transportation company’s stock valued at $53,000 after purchasing an additional 215 shares during the period. Finally, Versant Capital Management Inc grew its holdings in Old Dominion Freight Line by 45.5% in the 4th quarter. Versant Capital Management Inc now owns 352 shares of the transportation company’s stock valued at $62,000 after buying an additional 110 shares in the last quarter. Institutional investors and hedge funds own 77.82% of the company’s stock.

Old Dominion Freight Line Stock Down 6.1 %

Shares of NASDAQ ODFL opened at $167.03 on Wednesday. The stock has a 50-day moving average price of $186.91 and a two-hundred day moving average price of $196.03. 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 current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01. The company has a market cap of $35.50 billion, a price-to-earnings ratio of 30.48, a PEG ratio of 2.89 and a beta of 1.10.

Old Dominion Freight Line (NASDAQ:ODFL) last released its quarterly earnings data 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 net margin of 20.40% and a return on equity of 28.02%. As a group, analysts forecast 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 disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be issued a dividend of $0.28 per share. This is an increase 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 annualized dividend and a dividend yield of 0.67%. Old Dominion Freight Line’s dividend payout ratio (DPR) is 18.98%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Stephens reissued an “overweight” rating and issued a $240.00 target price on shares of Old Dominion Freight Line in a research report on Thursday, February 6th. Argus cut shares of Old Dominion Freight Line from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Barclays decreased their target price on shares of Old Dominion Freight Line from $210.00 to $195.00 and set an “equal weight” rating on the stock in a research report on Monday. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Old Dominion Freight Line in a research report on Friday, March 7th. They issued a “buy” rating and a $236.00 price target for the company. Finally, Evercore ISI increased their price target on Old Dominion Freight Line from $199.00 to $202.00 and gave the stock an “in-line” rating in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $201.74.

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.