Mutual of America Capital Management LLC Sells 716 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Mutual of America Capital Management LLC decreased its holdings in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 2.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,466 shares of the transportation company’s stock after selling 716 shares during the period. Mutual of America Capital Management LLC’s holdings in Old Dominion Freight Line were worth $4,492,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ODFL. Whipplewood Advisors LLC bought a new position in shares of Old Dominion Freight Line during the fourth quarter valued at approximately $35,000. RPg Family Wealth Advisory LLC bought a new position in Old Dominion Freight Line in the 3rd quarter worth $45,000. Synergy Asset Management LLC purchased a new stake in shares of Old Dominion Freight Line in the 4th quarter worth about $41,000. Brown Brothers Harriman & Co. boosted its stake in shares of 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 in the last quarter. Finally, Ashton Thomas Securities LLC purchased a new position in shares of Old Dominion Freight Line during the third quarter valued at about $64,000. Hedge funds and other institutional investors own 77.82% of the company’s stock.

Old Dominion Freight Line Stock Performance

ODFL stock opened at $174.99 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.33 and a quick ratio of 1.33. 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 $37.19 billion, a P/E ratio of 31.93, a price-to-earnings-growth ratio of 2.89 and a beta of 1.05. The stock’s fifty day moving average price is $187.27 and its 200-day moving average price is $196.93.

Old Dominion Freight Line (NASDAQ:ODFL) last announced 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%. On average, equities analysts forecast that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current year.

Old Dominion Freight Line Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.64%. 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 18.98%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ODFL. StockNews.com upgraded shares of Old Dominion Freight Line from a “sell” rating to a “hold” rating in a report on Saturday, February 15th. The Goldman Sachs Group raised their target price on Old Dominion Freight Line from $213.00 to $235.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. Bank of America reduced their price target on Old Dominion Freight Line from $237.00 to $204.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. JPMorgan Chase & Co. raised their price objective on Old Dominion Freight Line from $186.00 to $205.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Finally, Citigroup dropped their target price on shares of Old Dominion Freight Line from $205.00 to $186.00 and set a “neutral” rating on the stock in a report on Tuesday. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Old Dominion Freight Line currently has a consensus rating of “Hold” and an average price target of $200.67.

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.