J.W. Cole Advisors Inc. Has $495,000 Stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

J.W. Cole Advisors Inc. increased its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 8.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,806 shares of the transportation company’s stock after buying an additional 218 shares during the period. J.W. Cole Advisors Inc.’s holdings in Old Dominion Freight Line were worth $495,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Valmark Advisers Inc. increased its holdings in 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 worth $429,000 after buying an additional 68 shares during the last quarter. Allworth Financial LP increased its holdings in 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 worth $354,000 after buying an additional 447 shares during the last quarter. Principal Securities Inc. increased its holdings in Old Dominion Freight Line by 33.0% during the fourth quarter. Principal Securities Inc. now owns 593 shares of the transportation company’s stock worth $105,000 after buying an additional 147 shares during the last quarter. Legacy Capital Wealth Partners LLC increased its holdings in Old Dominion Freight Line by 42.0% during the fourth quarter. Legacy Capital Wealth Partners LLC now owns 1,556 shares of the transportation company’s stock worth $274,000 after buying an additional 460 shares during the last quarter. Finally, Congress Asset Management Co. increased its holdings in shares of Old Dominion Freight Line by 4.9% in the fourth quarter. Congress Asset Management Co. now owns 2,415 shares of the transportation company’s stock valued at $426,000 after purchasing an additional 112 shares during the last quarter. 77.82% of the stock is currently owned by institutional investors and hedge funds.

Old Dominion Freight Line Trading Down 2.0 %

ODFL opened at $205.11 on Thursday. 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 stock has a market capitalization of $43.79 billion, a price-to-earnings ratio of 37.43, a P/E/G ratio of 3.03 and a beta of 1.05. Old Dominion Freight Line, Inc. has a twelve month low of $165.49 and a twelve month high of $233.26. The company has a 50-day simple moving average of $189.48 and a 200 day simple moving average of $197.91.

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, 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%. Analysts predict that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current fiscal year.

Old Dominion Freight Line Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders 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 yield of 0.55%. Old Dominion Freight Line’s payout ratio is presently 18.98%.

Analyst Upgrades and Downgrades

ODFL has been the topic of several research reports. Robert W. Baird decreased their price objective 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. Wells Fargo & Company decreased their price objective 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. Citigroup upped their price objective on shares of Old Dominion Freight Line from $201.00 to $241.00 and gave the company a “neutral” rating in a report on Tuesday, November 12th. Jefferies Financial Group upped their price objective on shares of Old Dominion Freight Line from $185.00 to $190.00 and gave the company a “hold” rating in a report on Friday, January 10th. Finally, Morgan Stanley upped their price objective on shares of Old Dominion Freight Line from $165.00 to $170.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Old Dominion Freight Line currently 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.