Catalyst Capital Advisors LLC Increases Stock Holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Catalyst Capital Advisors LLC lifted its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 209.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 536 shares of the transportation company’s stock after buying an additional 363 shares during the period. Catalyst Capital Advisors LLC’s holdings in Old Dominion Freight Line were worth $95,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Principal Financial Group Inc. boosted its position in shares of Old Dominion Freight Line by 8.5% during the fourth quarter. Principal Financial Group Inc. now owns 457,075 shares of the transportation company’s stock valued at $80,628,000 after buying an additional 35,935 shares during the last quarter. J.W. Cole Advisors Inc. boosted its position in shares of Old Dominion Freight Line by 8.4% during the fourth quarter. J.W. Cole Advisors Inc. now owns 2,806 shares of the transportation company’s stock valued at $495,000 after buying an additional 218 shares during the last quarter. Valmark Advisers Inc. boosted its position in shares of Old Dominion Freight Line by 2.9% during the fourth quarter. Valmark Advisers Inc. now owns 2,431 shares of the transportation company’s stock valued at $429,000 after buying an additional 68 shares during the last quarter. Allworth Financial LP boosted its position in shares of Old Dominion Freight Line by 31.3% during the fourth quarter. Allworth Financial LP now owns 1,874 shares of the transportation company’s stock valued at $354,000 after buying an additional 447 shares during the last quarter. Finally, Principal Securities Inc. boosted its position in Old Dominion Freight Line by 33.0% in the fourth quarter. Principal Securities Inc. now owns 593 shares of the transportation company’s stock worth $105,000 after purchasing an additional 147 shares during the last quarter. Hedge funds and other institutional investors own 77.82% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Argus cut Old Dominion Freight Line from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. JPMorgan Chase & Co. boosted their price objective on Old Dominion Freight Line from $186.00 to $205.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. StockNews.com raised Old Dominion Freight Line from a “sell” rating to a “hold” rating in a research report on Saturday. BMO Capital Markets cut their price objective on Old Dominion Freight Line from $210.00 to $205.00 and set a “market perform” rating on the stock in a research report on Thursday, October 24th. Finally, TD Cowen cut their price objective on Old Dominion Freight Line from $203.00 to $196.00 and set a “hold” rating on the stock in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Old Dominion Freight Line has an average rating of “Hold” and an average target price of $203.33.

Old Dominion Freight Line Stock Performance

NASDAQ:ODFL opened at $209.29 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.33. Old Dominion Freight Line, Inc. has a 52-week low of $165.49 and a 52-week high of $233.26. The firm has a market cap of $44.68 billion, a price-to-earnings ratio of 38.19, a PEG ratio of 5.30 and a beta of 1.05. The business’s fifty day moving average is $189.48 and its 200 day moving average is $197.86.

Old Dominion Freight Line (NASDAQ:ODFL) last released its quarterly earnings data on Wednesday, February 5th. The transportation company reported $1.23 earnings per share (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%. Research analysts predict that Old Dominion Freight Line, Inc. will post 5.69 EPS for the current year.

Old Dominion Freight Line Increases Dividend

The business also recently disclosed 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 dividend yield of 0.54%. This is a positive change from Old Dominion Freight Line’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Wednesday, March 5th. Old Dominion Freight Line’s payout ratio is presently 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.