US Bancorp DE raised its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL – Free Report) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,134 shares of the transportation company’s stock after purchasing an additional 182 shares during the quarter. US Bancorp DE’s holdings in Old Dominion Freight Line were worth $7,351,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Old Dominion Freight Line by 14.9% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,016 shares of the transportation company’s stock valued at $7,371,000 after purchasing an additional 2,335 shares during the period. Dai ichi Life Insurance Company Ltd increased its stake in shares of Old Dominion Freight Line by 67.5% in the fourth quarter. Dai ichi Life Insurance Company Ltd now owns 45,962 shares of the transportation company’s stock worth $18,630,000 after acquiring an additional 18,517 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Old Dominion Freight Line by 8.6% in the fourth quarter. Wells Fargo & Company MN now owns 149,092 shares of the transportation company’s stock worth $60,431,000 after acquiring an additional 11,820 shares during the last quarter. Quest Partners LLC acquired a new position in shares of Old Dominion Freight Line in the fourth quarter worth $535,000. Finally, PNC Financial Services Group Inc. increased its stake in shares of Old Dominion Freight Line by 1.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 12,413 shares of the transportation company’s stock worth $5,031,000 after acquiring an additional 138 shares during the last quarter. 77.82% of the stock is owned by institutional investors and hedge funds.
Old Dominion Freight Line Stock Up 0.9 %
ODFL stock opened at $173.06 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.29 and a quick ratio of 2.29. Old Dominion Freight Line, Inc. has a 52-week low of $149.00 and a 52-week high of $227.80. The company has a 50-day moving average of $204.77 and a two-hundred day moving average of $204.04. The stock has a market capitalization of $37.60 billion, a price-to-earnings ratio of 30.47, a price-to-earnings-growth ratio of 2.19 and a beta of 1.07.
Old Dominion Freight Line (NASDAQ:ODFL – Get Free Report) last released its quarterly earnings results on Wednesday, April 24th. The transportation company reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.47 billion. As a group, equities research analysts anticipate that Old Dominion Freight Line, Inc. will post 6.02 EPS for the current year.
Old Dominion Freight Line Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Investors of record on Wednesday, June 5th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend is Wednesday, June 5th. Old Dominion Freight Line’s payout ratio is presently 18.31%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on ODFL shares. TD Cowen dropped their price target on shares of Old Dominion Freight Line from $209.00 to $206.00 and set a “hold” rating on the stock in a research note on Friday, April 26th. JPMorgan Chase & Co. dropped their price target on shares of Old Dominion Freight Line from $231.00 to $219.00 and set a “neutral” rating on the stock in a research note on Thursday, April 25th. Evercore ISI dropped their price target on shares of Old Dominion Freight Line from $241.00 to $225.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. Barclays dropped their price target on shares of Old Dominion Freight Line from $210.00 to $205.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 25th. Finally, Baird R W raised shares of Old Dominion Freight Line from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 8th. Twelve equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $209.08.
View Our Latest Stock Analysis on Old Dominion Freight Line
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.
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