Certuity LLC Has $768,000 Stock Holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Certuity LLC reduced its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 17.1% during the fourth quarter, Holdings Channel reports. The firm owned 4,352 shares of the transportation company’s stock after selling 895 shares during the period. Certuity LLC’s holdings in Old Dominion Freight Line were worth $768,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. CWM LLC raised its position in shares of Old Dominion Freight Line by 9.4% in the third 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 period. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of Old Dominion Freight Line by 333.3% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,300 shares of the transportation company’s stock valued at $258,000 after purchasing an additional 1,000 shares in the last quarter. Exchange Traded Concepts LLC boosted 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 purchasing an additional 7,930 shares in the last quarter. Jamison Private Wealth Management Inc. raised its holdings in Old Dominion Freight Line by 7.2% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 9,304 shares of the transportation company’s stock valued at $1,848,000 after buying an additional 627 shares during the last quarter. Finally, SeaCrest Wealth Management LLC raised its holdings in Old Dominion Freight Line by 4.1% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 3,203 shares of the transportation company’s stock worth $636,000 after purchasing an additional 125 shares in the last quarter. 77.82% of the stock is owned by institutional investors.

Old Dominion Freight Line Price Performance

ODFL stock opened at $205.77 on Wednesday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.01. Old Dominion Freight Line, Inc. has a fifty-two week low of $165.49 and a fifty-two week high of $233.26. The business has a 50 day moving average price of $189.37 and a 200 day moving average price of $197.74. The stock has a market cap of $43.93 billion, a price-to-earnings ratio of 37.55, a PEG ratio of 5.30 and a beta of 1.05.

Old Dominion Freight Line (NASDAQ:ODFL) last released its earnings results 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%. Equities research analysts anticipate that Old Dominion Freight Line, Inc. will post 5.69 earnings per share 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 paid a dividend of $0.28 per share. This is an increase from Old Dominion Freight Line’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $1.12 annualized dividend and a dividend yield of 0.54%. Old Dominion Freight Line’s dividend payout ratio is presently 18.98%.

Analyst Ratings Changes

Several brokerages recently commented on ODFL. Bank of America cut their price objective on shares of Old Dominion Freight Line from $237.00 to $204.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Evercore ISI boosted their target price on shares of Old Dominion Freight Line from $199.00 to $202.00 and gave the company an “in-line” rating in a research report on Thursday, February 6th. Stifel Nicolaus boosted their target price on shares of Old Dominion Freight Line from $176.00 to $193.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Wells Fargo & Company lowered their price target on shares of 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. Finally, Robert W. Baird lowered their target price on shares of Old Dominion Freight Line from $204.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $203.33.

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.