TD Private Client Wealth LLC Has $106,000 Holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

TD Private Client Wealth LLC lifted its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 40.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 reporting period.

A number of other large investors also recently modified their holdings of ODFL. Whipplewood Advisors LLC acquired a new position in Old Dominion Freight Line during the fourth quarter worth $35,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of Old Dominion Freight Line in the 3rd quarter worth about $45,000. Synergy Asset Management LLC bought a new position in Old Dominion Freight Line in the 4th quarter valued at about $41,000. Brown Brothers Harriman & Co. boosted its stake in Old Dominion Freight Line by 398.1% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 269 shares of the transportation company’s stock valued at $53,000 after purchasing an additional 215 shares during the last quarter. Finally, Versant Capital Management Inc increased its holdings in Old Dominion Freight Line by 45.5% during the 4th quarter. Versant Capital Management Inc now owns 352 shares of the transportation company’s stock worth $62,000 after purchasing an additional 110 shares in the last quarter. 77.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ODFL. Wells Fargo & Company dropped their target price on Old Dominion Freight Line from $195.00 to $185.00 and set an “underweight” rating on the stock in a report on Tuesday, January 7th. Morgan Stanley raised their price objective on Old Dominion Freight Line from $165.00 to $170.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. The Goldman Sachs Group upped their target price on shares of 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. Jefferies Financial Group raised their price target on shares of Old Dominion Freight Line from $185.00 to $190.00 and gave the company a “hold” rating in a research report on Friday, January 10th. Finally, StockNews.com raised shares of Old Dominion Freight Line from a “sell” rating to a “hold” rating in a research report on Saturday, February 15th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $202.65.

Old Dominion Freight Line Stock Performance

NASDAQ ODFL opened at $167.60 on Wednesday. The firm has a market cap of $35.62 billion, a P/E ratio of 30.58, a price-to-earnings-growth ratio of 2.89 and a beta of 1.10. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.01. The company’s 50 day moving average is $183.88 and its 200-day moving average is $194.05. Old Dominion Freight Line, Inc. has a 12-month low of $157.67 and a 12-month high of $233.26.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its earnings results on Wednesday, February 5th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. Sell-side 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 business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were paid a $0.28 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.12 annualized dividend and a yield of 0.67%. 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%.

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.