Copeland Capital Management LLC Sells 8,238 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Copeland Capital Management LLC lowered its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 15.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,814 shares of the transportation company's stock after selling 8,238 shares during the quarter. Copeland Capital Management LLC's holdings in Old Dominion Freight Line were worth $8,258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Synergy Asset Management LLC purchased a new stake in Old Dominion Freight Line during the 4th quarter valued at about $41,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of Old Dominion Freight Line during the third quarter valued at approximately $45,000. Brown Brothers Harriman & Co. grew its holdings in shares of Old Dominion Freight Line by 398.1% in the third quarter. Brown Brothers Harriman & Co. now owns 269 shares of the transportation company's stock worth $53,000 after purchasing an additional 215 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of Old Dominion Freight Line by 45.5% in the fourth quarter. Versant Capital Management Inc now owns 352 shares of the transportation company's stock worth $62,000 after purchasing an additional 110 shares during the last quarter. Finally, Ashton Thomas Securities LLC purchased a new position in shares of Old Dominion Freight Line in the third quarter worth $64,000. Hedge funds and other institutional investors own 77.82% of the company's stock.

Old Dominion Freight Line Stock Up 1.2 %

Shares of NASDAQ ODFL traded up $2.23 during midday trading on Thursday, hitting $195.88. The stock had a trading volume of 1,851,488 shares, compared to its average volume of 1,486,865. The business's 50 day moving average is $190.65 and its 200-day moving average is $197.69. Old Dominion Freight Line, Inc. has a 52 week low of $165.49 and a 52 week high of $233.26. 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 company has a market cap of $41.82 billion, a P/E ratio of 34.24, a PEG ratio of 4.95 and a beta of 1.05.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last posted its earnings results on Wednesday, February 5th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.06. Old Dominion Freight Line had a net margin of 21.03% and a return on equity of 29.40%. As a group, analysts predict that Old Dominion Freight Line, Inc. will post 5.42 EPS for the current 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 given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date is Wednesday, March 5th. This is a boost from Old Dominion Freight Line's previous quarterly dividend of $0.26. Old Dominion Freight Line's dividend payout ratio is 18.18%.

Analysts Set New Price Targets

ODFL has been the topic of a number of recent analyst reports. Citigroup raised their price target on shares of Old Dominion Freight Line from $201.00 to $241.00 and gave the stock a "neutral" rating in a report on Tuesday, November 12th. Morgan Stanley boosted their price target on Old Dominion Freight Line from $165.00 to $170.00 and gave the company an "equal weight" rating in a report on Thursday. Argus lowered Old Dominion Freight Line from a "buy" rating to a "hold" rating in a research report on Tuesday, November 12th. Jefferies Financial Group lifted their price objective on Old Dominion Freight Line from $185.00 to $190.00 and gave the stock a "hold" rating in a research report on Friday, January 10th. Finally, TD Cowen decreased their price objective on shares of Old Dominion Freight Line from $203.00 to $196.00 and set a "hold" rating for the company in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Old Dominion Freight Line currently has an average rating of "Hold" and a consensus target price of $203.33.

Insider Buying and Selling at Old Dominion Freight Line

In other Old Dominion Freight Line news, Director Leo H. Suggs sold 3,000 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $225.44, for a total value of $676,320.00. Following the transaction, the director now directly owns 7,383 shares in the company, valued at approximately $1,664,423.52. This trade represents a 28.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 9.90% of the stock is owned by corporate insiders.

Old Dominion Freight Line Company 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.