TD Private Client Wealth LLC Purchases 172 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

TD Private Client Wealth LLC lifted its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 40.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 600 shares of the transportation company’s stock after purchasing an additional 172 shares during the quarter. TD Private Client Wealth LLC’s holdings in Old Dominion Freight Line were worth $106,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in ODFL. Meridian Wealth Management LLC purchased a new stake in shares of Old Dominion Freight Line in the 3rd quarter valued at about $241,000. Cerity Partners LLC raised its stake in Old Dominion Freight Line by 64.1% in the third quarter. Cerity Partners LLC now owns 32,110 shares of the transportation company’s stock valued at $6,378,000 after purchasing an additional 12,537 shares in the last quarter. Centaurus Financial Inc. raised its stake in Old Dominion Freight Line by 3.1% in the third quarter. Centaurus Financial Inc. now owns 3,782 shares of the transportation company’s stock valued at $751,000 after purchasing an additional 113 shares in the last quarter. Summit Trail Advisors LLC lifted its position in Old Dominion Freight Line by 25.6% during the third quarter. Summit Trail Advisors LLC now owns 2,566 shares of the transportation company’s stock valued at $510,000 after purchasing an additional 523 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd grew its stake in Old Dominion Freight Line by 50.2% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 9,875 shares of the transportation company’s stock worth $1,962,000 after buying an additional 3,300 shares in the last quarter. Hedge funds and other institutional investors own 77.82% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ODFL shares. StockNews.com raised shares of Old Dominion Freight Line from a “sell” rating to a “hold” rating in a report on Saturday, February 15th. Evercore ISI lifted 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 note on Thursday, February 6th. Deutsche Bank Aktiengesellschaft began coverage on Old Dominion Freight Line in a research report on Friday, March 7th. They set a “buy” rating and a $236.00 price objective on the stock. Truist Financial initiated coverage on Old Dominion Freight Line in a research report on Thursday, March 13th. They issued a “buy” rating and a $220.00 target price for the company. Finally, Susquehanna reiterated a “neutral” rating and set a $195.00 price target (down from $218.00) on shares of Old Dominion Freight Line in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $202.65.

Old Dominion Freight Line Price Performance

ODFL opened at $167.60 on Wednesday. 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 stock has a market capitalization of $35.62 billion, a PE ratio of 30.58, a price-to-earnings-growth ratio of 2.89 and a beta of 1.10. The stock’s 50 day moving average price is $183.88 and its 200-day moving average price is $194.05. Old Dominion Freight Line, Inc. has a 52-week low of $157.67 and a 52-week high of $233.26.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its quarterly earnings data 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%. On average, equities research analysts predict that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current year.

Old Dominion Freight Line Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were issued a $0.28 dividend. The ex-dividend date was Wednesday, March 5th. This is a positive change from Old Dominion Freight Line’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a yield of 0.67%. Old Dominion Freight Line’s dividend payout ratio (DPR) is 18.98%.

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.