Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Holdings Increased by Howard Capital Management Inc.

Howard Capital Management Inc. lifted its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 2.7% in the fourth quarter, HoldingsChannel reports. The fund owned 5,483 shares of the transportation company’s stock after purchasing an additional 145 shares during the quarter. Howard Capital Management Inc.’s holdings in Old Dominion Freight Line were worth $967,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Synergy Asset Management LLC acquired a new stake in Old Dominion Freight Line in the fourth quarter worth approximately $41,000. RPg Family Wealth Advisory LLC bought a new stake in shares of Old Dominion Freight Line in the 3rd quarter worth $45,000. Brown Brothers Harriman & Co. lifted its holdings in shares of Old Dominion Freight Line by 398.1% in the third quarter. Brown Brothers Harriman & Co. now owns 269 shares of the transportation company’s stock valued at $53,000 after buying an additional 215 shares during the period. Versant Capital Management Inc lifted its holdings in shares of Old Dominion Freight Line by 45.5% in the fourth 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 during the period. Finally, Ashton Thomas Securities LLC bought a new position in Old Dominion Freight Line during the third quarter valued at about $64,000. 77.82% of the stock is currently owned by institutional investors.

Old Dominion Freight Line Trading Down 8.5 %

Shares of NASDAQ ODFL opened at $180.40 on Monday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01. Old Dominion Freight Line, Inc. has a one year low of $165.49 and a one year high of $233.26. The business has a 50-day moving average price of $188.96 and a two-hundred day moving average price of $197.84. The firm has a market capitalization of $38.52 billion, a PE ratio of 32.92, a PEG ratio of 2.89 and a beta of 1.05.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings results on Wednesday, February 5th. The transportation company reported $1.23 EPS for the quarter, topping 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, analysts predict 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 business also recently declared 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 is a boost from Old Dominion Freight Line’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a dividend yield of 0.62%. The ex-dividend date is Wednesday, March 5th. Old Dominion Freight Line’s payout ratio is currently 18.98%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on ODFL shares. Argus cut shares of Old Dominion Freight Line from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Morgan Stanley boosted their target price on shares of Old Dominion Freight Line from $165.00 to $170.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. 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 report on Friday, January 17th. Bank of America decreased their price target on shares of Old Dominion Freight Line from $237.00 to $204.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, The Goldman Sachs Group increased their price objective on Old Dominion Freight Line from $213.00 to $235.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus 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.