Amalgamated Bank lessened its holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL – Free Report) by 2.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,788 shares of the transportation company’s stock after selling 976 shares during the quarter. Amalgamated Bank’s holdings in Old Dominion Freight Line were worth $7,371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently made changes to their positions in the company. Synergy Asset Management LLC bought a new position in Old Dominion Freight Line during the fourth quarter valued at about $41,000. RPg Family Wealth Advisory LLC bought a new position in shares of Old Dominion Freight Line during the 3rd quarter valued at approximately $45,000. Brown Brothers Harriman & Co. increased its stake in shares of Old Dominion Freight Line by 398.1% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 269 shares of the transportation company’s stock worth $53,000 after purchasing an additional 215 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of 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 worth $62,000 after purchasing an additional 110 shares during the period. Finally, Ashton Thomas Securities LLC purchased a new position in Old Dominion Freight Line in the third quarter valued at approximately $64,000. 77.82% of the stock is owned by hedge funds and other institutional investors.
Old Dominion Freight Line Stock Down 2.3 %
Shares of NASDAQ ODFL opened at $175.69 on Thursday. 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 business has a 50-day moving average of $187.92 and a 200-day moving average of $197.49. The firm has a market capitalization of $37.51 billion, a price-to-earnings ratio of 32.06, a PEG ratio of 2.89 and a beta of 1.05. Old Dominion Freight Line, Inc. has a 12 month low of $165.49 and a 12 month high of $233.26.
Old Dominion Freight Line Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend is Wednesday, March 5th. This is a boost from Old Dominion Freight Line’s previous quarterly dividend of $0.26. Old Dominion Freight Line’s dividend payout ratio is currently 18.98%.
Analysts Set New Price Targets
A number of research firms have issued reports on ODFL. The Goldman Sachs Group raised their target price on Old Dominion Freight Line from $213.00 to $235.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. Stifel Nicolaus upgraded Old Dominion Freight Line from a “hold” rating to a “buy” rating and boosted their price objective for the company from $193.00 to $200.00 in a research note on Monday. StockNews.com upgraded shares of Old Dominion Freight Line from a “sell” rating to a “hold” rating in a research report on Saturday, February 15th. Morgan Stanley boosted their price target on shares of Old Dominion Freight Line from $165.00 to $170.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Finally, Stephens reaffirmed an “overweight” rating and issued a $240.00 price objective on shares of Old Dominion Freight Line in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Old Dominion Freight Line currently has an average rating of “Hold” and an average price target of $203.72.
Get Our Latest Research Report on ODFL
Old Dominion Freight Line 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.
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