Nations Financial Group Inc. IA ADV Sells 97 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Nations Financial Group Inc. IA ADV lessened its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 2.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,339 shares of the transportation company’s stock after selling 97 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in Old Dominion Freight Line were worth $1,353,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Private Advisor Group LLC increased its stake in Old Dominion Freight Line by 2.5% in the 3rd quarter. Private Advisor Group LLC now owns 4,289 shares of the transportation company’s stock worth $1,755,000 after buying an additional 106 shares during the period. Syon Capital LLC bought a new stake in shares of Old Dominion Freight Line in the 3rd quarter valued at about $216,000. NBC Securities Inc. bought a new stake in shares of Old Dominion Freight Line in the 3rd quarter valued at about $508,000. Assenagon Asset Management S.A. raised its holdings in shares of Old Dominion Freight Line by 13.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 3,181 shares of the transportation company’s stock valued at $1,301,000 after purchasing an additional 375 shares in the last quarter. Finally, AdvisorShares Investments LLC bought a new stake in shares of Old Dominion Freight Line in the 3rd quarter valued at about $405,000. Institutional investors own 77.82% of the company’s stock.

Old Dominion Freight Line Price Performance

Shares of NASDAQ ODFL traded up $1.49 during mid-day trading on Friday, reaching $173.06. The company’s stock had a trading volume of 1,852,339 shares, compared to its average volume of 2,006,345. The stock has a 50-day moving average of $205.50 and a two-hundred day moving average of $204.12. The stock has a market capitalization of $37.60 billion, a P/E ratio of 30.47, a P/E/G ratio of 2.19 and a beta of 1.07. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.29 and a current ratio of 2.29. Old Dominion Freight Line, Inc. has a 1-year low of $149.00 and a 1-year high of $227.80.

Old Dominion Freight Line (NASDAQ:ODFL) last released its quarterly earnings data on Wednesday, April 24th. The transportation company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.01. Old Dominion Freight Line had a net margin of 21.19% and a return on equity of 30.12%. The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.47 billion. On average, equities research analysts anticipate that Old Dominion Freight Line, Inc. will post 6.02 EPS for the current fiscal year.

Old Dominion Freight Line Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 19th. Investors of record on Wednesday, June 5th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend is Wednesday, June 5th. Old Dominion Freight Line’s payout ratio is currently 18.31%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ODFL shares. TD Cowen reduced their price target on shares of Old Dominion Freight Line from $209.00 to $206.00 and set a “hold” rating for the company in a report on Friday, April 26th. Bank of America reduced their price objective on shares of Old Dominion Freight Line from $223.00 to $205.00 and set a “neutral” rating for the company in a research note on Thursday, April 25th. JPMorgan Chase & Co. reduced their price objective on shares of Old Dominion Freight Line from $231.00 to $219.00 and set a “neutral” rating for the company in a research note on Thursday, April 25th. The Goldman Sachs Group boosted their price objective on shares of Old Dominion Freight Line from $200.00 to $222.00 and gave the stock a “neutral” rating in a research note on Thursday, February 8th. Finally, Susquehanna boosted their price objective on shares of Old Dominion Freight Line from $232.50 to $257.50 and gave the stock a “positive” rating in a research note on Thursday, February 8th. Twelve equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Old Dominion Freight Line has a consensus rating of “Hold” and an average target price of $209.08.

Insider Buying and Selling

In related news, Director John D. Kasarda sold 15,944 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $221.08, for a total transaction of $3,524,819.80. Following the completion of the sale, the director now directly owns 13,540 shares in the company, valued at $2,993,355.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 9.90% of the stock is owned by company insiders.

Old Dominion Freight Line 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.