Kestra Private Wealth Services LLC Increases Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Kestra Private Wealth Services LLC raised its holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 0.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,454 shares of the transportation company’s stock after acquiring an additional 62 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Old Dominion Freight Line were worth $1,668,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of ODFL. SevenBridge Financial Group LLC increased its position in shares of Old Dominion Freight Line by 2.0% during the third quarter. SevenBridge Financial Group LLC now owns 2,611 shares of the transportation company’s stock worth $519,000 after acquiring an additional 50 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in Old Dominion Freight Line by 0.5% in the third quarter. Advisors Asset Management Inc. now owns 10,888 shares of the transportation company’s stock valued at $2,163,000 after buying an additional 55 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in Old Dominion Freight Line by 3.6% in the fourth quarter. Hantz Financial Services Inc. now owns 1,568 shares of the transportation company’s stock valued at $277,000 after buying an additional 55 shares during the last quarter. Brighton Jones LLC boosted its holdings in shares of Old Dominion Freight Line by 5.0% during the third quarter. Brighton Jones LLC now owns 1,480 shares of the transportation company’s stock valued at $294,000 after acquiring an additional 71 shares during the period. Finally, Segment Wealth Management LLC grew its position in shares of Old Dominion Freight Line by 0.8% during the third quarter. Segment Wealth Management LLC now owns 9,754 shares of the transportation company’s stock worth $1,938,000 after acquiring an additional 76 shares during the last quarter. 77.82% of the stock is owned by hedge funds and other institutional investors.

Old Dominion Freight Line Trading Down 1.3 %

ODFL stock opened at $203.02 on Thursday. The stock has a market capitalization of $43.34 billion, a price-to-earnings ratio of 37.05, a price-to-earnings-growth ratio of 5.30 and a beta of 1.05. The firm’s fifty day simple moving average is $189.21 and its two-hundred day simple moving average is $197.78. 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 announced its quarterly 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 return on equity of 28.02% and a net margin of 20.40%. As a group, analysts anticipate that Old Dominion Freight Line, Inc. will post 5.69 earnings per share for the current 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 dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend is Wednesday, March 5th. This is a positive change from Old Dominion Freight Line’s previous quarterly dividend of $0.26. Old Dominion Freight Line’s dividend payout ratio is currently 18.98%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Jefferies Financial Group lifted 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 research report on Friday, January 10th. Stephens reaffirmed an “overweight” rating and set a $240.00 price target on shares of Old Dominion Freight Line in a report on Thursday, February 6th. Evercore ISI lifted 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 report on Thursday, February 6th. Wells Fargo & Company lowered their price objective on shares of 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, Robert W. Baird lowered their price objective on shares of Old Dominion Freight Line from $204.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $203.33.

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.