Alpine Woods Capital Investors LLC Invests $582,000 in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Alpine Woods Capital Investors LLC purchased a new stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,300 shares of the transportation company’s stock, valued at approximately $582,000.

A number of other hedge funds also recently bought and sold shares of the company. Wellington Management Group LLP lifted its stake in Old Dominion Freight Line by 109.5% in the third quarter. Wellington Management Group LLP now owns 1,435,228 shares of the transportation company’s stock worth $285,094,000 after purchasing an additional 750,073 shares during the last quarter. AustralianSuper Pty Ltd bought a new stake in Old Dominion Freight Line in the 4th quarter worth $128,221,000. Raymond James Financial Inc. purchased a new position in shares of Old Dominion Freight Line in the fourth quarter valued at about $114,449,000. Franklin Resources Inc. raised its stake in shares of Old Dominion Freight Line by 74.8% during the third quarter. Franklin Resources Inc. now owns 1,022,812 shares of the transportation company’s stock valued at $207,068,000 after acquiring an additional 437,700 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Old Dominion Freight Line during the fourth quarter worth about $49,983,000. Institutional investors own 77.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ODFL shares. Susquehanna restated a “neutral” rating and set a $195.00 price target (down previously from $218.00) on shares of Old Dominion Freight Line in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft started coverage on Old Dominion Freight Line in a report on Friday, March 7th. They set a “buy” rating and a $236.00 target price for the company. StockNews.com raised Old Dominion Freight Line from a “sell” rating to a “hold” rating in a research note on Saturday, February 15th. JPMorgan Chase & Co. boosted their price objective on shares of Old Dominion Freight Line from $186.00 to $205.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Finally, Jefferies Financial Group raised their target price 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. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Old Dominion Freight Line presently has a consensus rating of “Hold” and an average target price of $202.65.

Old Dominion Freight Line Price Performance

Shares of NASDAQ:ODFL opened at $162.98 on Friday. The business has a fifty day moving average price of $186.67 and a 200-day moving average price of $195.81. 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 company has a market capitalization of $34.64 billion, a PE ratio of 29.74, a PEG ratio of 2.89 and a beta of 1.10. Old Dominion Freight Line, Inc. has a 1-year low of $158.64 and a 1-year high of $233.26.

Old Dominion Freight Line (NASDAQ:ODFL) last announced 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%. As a group, equities analysts expect that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current fiscal year.

Old Dominion Freight Line Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be issued a $0.28 dividend. This is a positive change from Old Dominion Freight Line’s previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date is Wednesday, March 5th. Old Dominion Freight Line’s payout ratio is presently 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.