Paradigm Asset Management Co. LLC Takes Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Paradigm Asset Management Co. LLC acquired a new position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,400 shares of the transportation company’s stock, valued at approximately $776,000.

Other institutional investors also recently bought and sold shares of the company. Sequoia Financial Advisors LLC raised its stake in shares of Old Dominion Freight Line by 20.5% in the third quarter. Sequoia Financial Advisors LLC now owns 5,979 shares of the transportation company’s stock worth $1,188,000 after buying an additional 1,017 shares during the period. Private Advisor Group LLC increased its holdings in Old Dominion Freight Line by 3.6% in the 3rd quarter. Private Advisor Group LLC now owns 9,638 shares of the transportation company’s stock worth $1,914,000 after acquiring an additional 339 shares in the last quarter. Hartford Investment Management Co. increased its holdings in Old Dominion Freight Line by 3.8% in the 3rd quarter. Hartford Investment Management Co. now owns 11,856 shares of the transportation company’s stock worth $2,355,000 after acquiring an additional 436 shares in the last quarter. International Assets Investment Management LLC raised its stake in Old Dominion Freight Line by 19,764.0% during the 3rd quarter. International Assets Investment Management LLC now owns 685,308 shares of the transportation company’s stock worth $136,130,000 after acquiring an additional 681,858 shares during the period. Finally, Brighton Jones LLC lifted its holdings in 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 purchasing an additional 71 shares in the last quarter. 77.82% of the stock is owned by institutional investors.

Old Dominion Freight Line Trading Down 8.5 %

Shares of ODFL stock opened at $180.40 on Friday. The company has a market cap of $38.52 billion, a PE ratio of 32.92, a price-to-earnings-growth ratio of 3.01 and a beta of 1.05. The stock’s 50 day simple moving average is $188.96 and its two-hundred day simple moving average is $197.81. Old Dominion Freight Line, Inc. has a 1 year low of $165.49 and a 1 year high of $233.26. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.33 and a quick ratio of 1.33.

Old Dominion Freight Line (NASDAQ:ODFL) last released its quarterly earnings results on Wednesday, February 5th. The transportation company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates 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%. Research analysts predict that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current year.

Old Dominion Freight Line Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be paid a dividend of $0.28 per share. This is a boost from Old Dominion Freight Line’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.62%. Old Dominion Freight Line’s dividend payout ratio is currently 18.98%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ODFL shares. Wells Fargo & Company reduced their price objective on shares of Old Dominion Freight Line from $195.00 to $185.00 and set an “underweight” rating for the company in a research note on Tuesday, January 7th. Stifel Nicolaus increased their price target on Old Dominion Freight Line from $176.00 to $193.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Citigroup lifted their target price on Old Dominion Freight Line from $201.00 to $241.00 and gave the company a “neutral” rating in a research note on Tuesday, November 12th. Barclays lowered their price target on Old Dominion Freight Line from $220.00 to $210.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Finally, Jefferies Financial Group increased 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 report on Friday, January 10th. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $203.33.

Old Dominion Freight Line Company 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.