Angeles Wealth Management LLC Sells 108 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Angeles Wealth Management LLC lessened its holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 3.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,934 shares of the transportation company’s stock after selling 108 shares during the period. Angeles Wealth Management LLC’s holdings in Old Dominion Freight Line were worth $518,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. CWM LLC grew its holdings in shares of Old Dominion Freight Line by 9.4% during the 3rd quarter. CWM LLC now owns 10,664 shares of the transportation company’s stock valued at $2,118,000 after purchasing an additional 914 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its position in Old Dominion Freight Line by 333.3% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,300 shares of the transportation company’s stock valued at $258,000 after buying an additional 1,000 shares in the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of Old Dominion Freight Line by 90.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 16,737 shares of the transportation company’s stock valued at $3,325,000 after acquiring an additional 7,930 shares during the last quarter. Crestmont Private Wealth LLC acquired a new stake in shares of Old Dominion Freight Line during the 3rd quarter valued at $200,000. Finally, CVA Family Office LLC grew its position in Old Dominion Freight Line by 23.5% during the 3rd quarter. CVA Family Office LLC now owns 394 shares of the transportation company’s stock worth $78,000 after acquiring an additional 75 shares during the last quarter. Institutional investors and hedge funds own 77.82% of the company’s stock.

Old Dominion Freight Line Trading Up 0.7 %

ODFL opened at $197.20 on Monday. The company has a fifty day moving average price of $190.09 and a two-hundred day moving average price of $197.75. 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 market cap of $42.10 billion, a P/E ratio of 35.99, a price-to-earnings-growth ratio of 5.30 and a beta of 1.05. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its earnings results on Wednesday, February 5th. The transportation company reported $1.23 EPS for the quarter, beating 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%. Analysts predict that Old Dominion Freight Line, Inc. will post 5.69 EPS for the current fiscal year.

Old Dominion Freight Line Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.57%. This is a positive change from Old Dominion Freight Line’s previous quarterly dividend of $0.26. The ex-dividend date is Wednesday, March 5th. Old Dominion Freight Line’s dividend payout ratio is presently 18.98%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ODFL shares. TD Cowen reduced their price target on Old Dominion Freight Line from $203.00 to $196.00 and set a “hold” rating on the stock in a report on Thursday, October 24th. Stephens reissued an “overweight” rating and set a $240.00 target price on shares of Old Dominion Freight Line in a report on Thursday. Morgan Stanley raised their price target on shares of Old Dominion Freight Line from $165.00 to $170.00 and gave the company an “equal weight” rating in a research note on Thursday. Stifel Nicolaus boosted their price objective on shares of 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. Finally, Wells Fargo & Company lowered their target price on Old Dominion Freight Line from $195.00 to $185.00 and set an “underweight” rating for the company in a research report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Old Dominion Freight Line has a consensus rating of “Hold” and a consensus target price 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.