2,086 Shares in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Bought by XTX Topco Ltd

XTX Topco Ltd bought a new stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,086 shares of the transportation company's stock, valued at approximately $368,000.

A number of other institutional investors have also bought and sold shares of ODFL. Whipplewood Advisors LLC acquired a new position in shares of Old Dominion Freight Line in the 4th quarter valued at about $35,000. Synergy Asset Management LLC bought a new stake in Old Dominion Freight Line in the fourth quarter worth approximately $41,000. Murphy & Mullick Capital Management Corp acquired a new position in Old Dominion Freight Line in the fourth quarter valued at approximately $51,000. Versant Capital Management Inc boosted its holdings in shares of Old Dominion Freight Line by 45.5% during the 4th quarter. Versant Capital Management Inc now owns 352 shares of the transportation company's stock worth $62,000 after buying an additional 110 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Old Dominion Freight Line during the 4th quarter worth approximately $69,000. Institutional investors own 77.82% of the company's stock.

Old Dominion Freight Line Stock Performance

Shares of Old Dominion Freight Line stock opened at $152.07 on Wednesday. The business's fifty day simple moving average is $168.63 and its 200 day simple moving average is $188.41. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01. Old Dominion Freight Line, Inc. has a 12 month low of $145.79 and a 12 month high of $233.26. The firm has a market capitalization of $32.32 billion, a P/E ratio of 27.75, a price-to-earnings-growth ratio of 2.89 and a beta of 1.25.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last released its earnings results on Wednesday, February 5th. The transportation company reported $1.23 EPS for the quarter, topping analysts' consensus estimates 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%. As a group, analysts anticipate that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current year.

Old Dominion Freight Line Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.28 per share. This is an increase from Old Dominion Freight Line's previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date was Wednesday, March 5th. Old Dominion Freight Line's dividend payout ratio is currently 20.44%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ODFL shares. Barclays dropped their target price on shares of Old Dominion Freight Line from $195.00 to $185.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 2nd. UBS Group cut their price objective on shares of Old Dominion Freight Line from $196.00 to $158.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Truist Financial began coverage on Old Dominion Freight Line in a research report on Thursday, March 13th. They issued a "buy" rating and a $220.00 target price for the company. Stephens reaffirmed an "overweight" rating and set a $240.00 price target on shares of Old Dominion Freight Line in a research note on Thursday, February 6th. Finally, Bank of America reduced their price objective on Old Dominion Freight Line from $237.00 to $204.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Old Dominion Freight Line has a consensus rating of "Hold" and an average target price of $195.15.

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.

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