Chicago Equity Partners LLC Reduces Stake in Old Dominion Freight Line (ODFL)

Chicago Equity Partners LLC trimmed its stake in shares of Old Dominion Freight Line (NASDAQ:ODFL) by 4.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,470 shares of the transportation company’s stock after selling 1,035 shares during the quarter. Chicago Equity Partners LLC’s holdings in Old Dominion Freight Line were worth $2,898,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in ODFL. Capital Investment Advisory Services LLC acquired a new stake in shares of Old Dominion Freight Line during the 4th quarter worth approximately $29,000. Stratos Wealth Partners LTD. acquired a new stake in shares of Old Dominion Freight Line during the 3rd quarter worth approximately $120,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Old Dominion Freight Line during the 3rd quarter worth approximately $142,000. Csenge Advisory Group acquired a new stake in shares of Old Dominion Freight Line during the 3rd quarter worth approximately $144,000. Finally, TRUE Private Wealth Advisors acquired a new stake in shares of Old Dominion Freight Line during the 3rd quarter worth approximately $145,000. Institutional investors and hedge funds own 77.41% of the company’s stock.

Several analysts recently commented on ODFL shares. KeyCorp raised their target price on Old Dominion Freight Line from $150.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, February 8th. Cowen raised their target price on Old Dominion Freight Line from $133.00 to $142.00 and gave the company a “market perform” rating in a research report on Thursday, February 7th. Zacks Investment Research cut Old Dominion Freight Line from a “hold” rating to a “sell” rating in a research report on Tuesday, February 5th. BidaskClub upgraded Old Dominion Freight Line from a “sell” rating to a “hold” rating in a research report on Saturday, January 19th. Finally, Credit Suisse Group restated a “buy” rating and issued a $147.00 target price on shares of Old Dominion Freight Line in a research report on Tuesday, January 15th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. Old Dominion Freight Line presently has an average rating of “Hold” and a consensus price target of $143.45.

Shares of Old Dominion Freight Line stock opened at $144.00 on Thursday. The firm has a market capitalization of $11.68 billion, a PE ratio of 19.51, a price-to-earnings-growth ratio of 2.15 and a beta of 1.38. The company has a quick ratio of 1.92, a current ratio of 1.98 and a debt-to-equity ratio of 0.02. Old Dominion Freight Line has a 12 month low of $115.00 and a 12 month high of $170.22.

Old Dominion Freight Line (NASDAQ:ODFL) last released its quarterly earnings data on Thursday, February 7th. The transportation company reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.21. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Old Dominion Freight Line had a return on equity of 23.90% and a net margin of 14.98%. The business’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.39 earnings per share. As a group, analysts predict that Old Dominion Freight Line will post 7.86 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 20th. Investors of record on Wednesday, March 6th will be given a dividend of $0.17 per share. This is a boost from Old Dominion Freight Line’s previous quarterly dividend of $0.13. The ex-dividend date is Tuesday, March 5th. This represents a $0.68 dividend on an annualized basis and a yield of 0.47%. Old Dominion Freight Line’s dividend payout ratio (DPR) is presently 7.05%.

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About Old Dominion Freight Line

Old Dominion Freight Line, Inc operates as a less-than-truckload (LTL) motor carrier in the United States and North America. It provides regional, inter-regional, and national LTL services, including ground and air expedited transportation, and consumer household pickup and delivery. The company also offers various value-added services comprising container drayage, truckload brokerage, supply chain consulting, and warehousing.

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Institutional Ownership by Quarter for Old Dominion Freight Line (NASDAQ:ODFL)

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