Fidelis Capital Partners LLC Sells 58 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Fidelis Capital Partners LLC reduced its holdings in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 2.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,912 shares of the transportation company’s stock after selling 58 shares during the period. Fidelis Capital Partners LLC’s holdings in Old Dominion Freight Line were worth $348,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Jones Financial Companies Lllp increased its stake in Old Dominion Freight Line by 8.4% in the fourth quarter. Jones Financial Companies Lllp now owns 2,730 shares of the transportation company’s stock worth $482,000 after purchasing an additional 212 shares during the period. Modera Wealth Management LLC grew its holdings in shares of Old Dominion Freight Line by 7.7% in the fourth quarter. Modera Wealth Management LLC now owns 2,878 shares of the transportation company’s stock worth $508,000 after purchasing an additional 206 shares during the last quarter. Asahi Life Asset Management CO. LTD. purchased a new position in Old Dominion Freight Line in the 4th quarter worth about $319,000. Norden Group LLC lifted its holdings in Old Dominion Freight Line by 4.9% during the 4th quarter. Norden Group LLC now owns 1,416 shares of the transportation company’s stock valued at $250,000 after buying an additional 66 shares in the last quarter. Finally, Kinsale Capital Group Inc. boosted its position in Old Dominion Freight Line by 13.7% in the 4th quarter. Kinsale Capital Group Inc. now owns 26,473 shares of the transportation company’s stock valued at $4,670,000 after buying an additional 3,180 shares during the period. Hedge funds and other institutional investors own 77.82% of the company’s stock.

Old Dominion Freight Line Trading Up 1.6 %

Shares of NASDAQ:ODFL opened at $174.99 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.33 and a quick ratio of 1.33. The firm has a market capitalization of $37.19 billion, a P/E ratio of 31.93, a P/E/G ratio of 2.89 and a beta of 1.05. The business’s 50-day moving average is $187.27 and its 200 day moving average is $196.93. Old Dominion Freight Line, Inc. has a 1 year low of $165.49 and a 1 year high of $233.26.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings data on Wednesday, February 5th. The transportation company reported $1.23 earnings per share (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, research 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 disclosed 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 an increase from Old Dominion Freight Line’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a dividend yield of 0.64%. The ex-dividend date is Wednesday, March 5th. Old Dominion Freight Line’s payout ratio is presently 18.98%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ODFL. Bank of America reduced their target price 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. Argus downgraded Old Dominion Freight Line from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Stephens reiterated an “overweight” rating and issued a $240.00 target price on shares of Old Dominion Freight Line in a report on Thursday, February 6th. Citigroup cut their price target on Old Dominion Freight Line from $205.00 to $186.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, Barclays lowered their price objective on shares of Old Dominion Freight Line from $220.00 to $210.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Old Dominion Freight Line has a consensus rating of “Hold” and a consensus target price of $200.67.

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.