Impact Capital Partners LLC Takes Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Impact Capital Partners LLC purchased a new stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,211 shares of the transportation company’s stock, valued at approximately $390,000.

Several other large investors have also modified their holdings of the business. Balboa Wealth Partners acquired a new position in shares of Old Dominion Freight Line in the 4th quarter valued at $381,000. Skandinaviska Enskilda Banken AB publ lifted its stake in Old Dominion Freight Line by 67.7% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 68,432 shares of the transportation company’s stock worth $12,130,000 after acquiring an additional 27,620 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Old Dominion Freight Line by 15.6% during the 4th quarter. Farther Finance Advisors LLC now owns 1,916 shares of the transportation company’s stock worth $338,000 after acquiring an additional 259 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Old Dominion Freight Line by 65.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,547 shares of the transportation company’s stock worth $626,000 after acquiring an additional 1,403 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in Old Dominion Freight Line by 9.2% during the 4th quarter. Sequoia Financial Advisors LLC now owns 6,530 shares of the transportation company’s stock worth $1,152,000 after acquiring an additional 551 shares in the last quarter. Institutional investors and hedge funds own 77.82% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ODFL. Evercore ISI increased their target price 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. StockNews.com raised Old Dominion Freight Line from a “sell” rating to a “hold” rating in a research note on Saturday, February 15th. The Goldman Sachs Group increased their target price on Old Dominion Freight Line from $213.00 to $235.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. increased their target price on Old Dominion Freight Line from $186.00 to $205.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Finally, Bank of America cut their price target on Old Dominion Freight Line from $237.00 to $204.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Old Dominion Freight Line presently has a consensus rating of “Hold” and a consensus target price of $202.65.

Old Dominion Freight Line Trading Down 0.9 %

ODFL opened at $162.98 on Friday. Old Dominion Freight Line, Inc. has a one year low of $158.64 and a one year high of $233.26. The company has a market cap of $34.64 billion, a P/E ratio of 29.74, a PEG ratio of 2.89 and a beta of 1.10. 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 business’s 50-day simple moving average is $186.67 and its 200-day simple moving average is $195.81.

Old Dominion Freight Line (NASDAQ:ODFL) last released its quarterly earnings results on Wednesday, February 5th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.06. Old Dominion Freight Line had a return on equity of 28.02% and a net margin of 20.40%. As a group, equities research 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 declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Wednesday, March 5th. This is an increase from Old Dominion Freight Line’s previous quarterly dividend of $0.26. Old Dominion Freight Line’s dividend payout ratio (DPR) is currently 18.98%.

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.