ICW Investment Advisors LLC Has $368,000 Holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

ICW Investment Advisors LLC lifted its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 4.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,089 shares of the transportation company’s stock after purchasing an additional 83 shares during the quarter. ICW Investment Advisors LLC’s holdings in Old Dominion Freight Line were worth $368,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of ODFL. Whipplewood Advisors LLC acquired a new position in shares of Old Dominion Freight Line during the fourth quarter worth $35,000. Synergy Asset Management LLC bought a new stake in shares of Old Dominion Freight Line in the fourth quarter worth $41,000. RPg Family Wealth Advisory LLC bought a new stake in shares of Old Dominion Freight Line in the third quarter worth $45,000. Brown Brothers Harriman & Co. grew its stake 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 worth $53,000 after purchasing an additional 215 shares during the last quarter. Finally, Versant Capital Management Inc grew its stake 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 worth $62,000 after purchasing an additional 110 shares during the last quarter. 77.82% of the stock is currently owned by institutional investors and hedge funds.

Old Dominion Freight Line Trading Up 2.5 %

NASDAQ:ODFL opened at $165.22 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.33. The firm has a market cap of $35.12 billion, a price-to-earnings ratio of 30.15, a price-to-earnings-growth ratio of 2.89 and a beta of 1.10. Old Dominion Freight Line, Inc. has a 52 week low of $157.67 and a 52 week high of $233.26. The firm has a 50-day moving average price of $184.41 and a two-hundred day moving average price of $194.29.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings data on Wednesday, February 5th. The transportation company reported $1.23 EPS for the quarter, beating 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%. On average, equities analysts expect 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 was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.28 per share. The ex-dividend date was Wednesday, March 5th. This represents a $1.12 annualized dividend and a dividend yield of 0.68%. 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 (DPR) is presently 18.98%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Jefferies Financial Group increased their price objective on shares of Old Dominion Freight Line from $185.00 to $190.00 and gave the stock a “hold” rating in a research report on Friday, January 10th. Stephens reissued an “overweight” rating and set a $240.00 price objective on shares of Old Dominion Freight Line in a research report on Thursday, February 6th. Bank of America cut their price objective 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. StockNews.com raised shares of Old Dominion Freight Line from a “sell” rating to a “hold” rating in a research report on Saturday, February 15th. Finally, The Goldman Sachs Group increased their price objective on shares of 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. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Old Dominion Freight Line currently has an average rating of “Hold” and an average price target of $202.65.

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.