AustralianSuper Pty Ltd purchased a new position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 726,877 shares of the transportation company's stock, valued at approximately $128,221,000. AustralianSuper Pty Ltd owned about 0.34% of Old Dominion Freight Line at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in ODFL. Synergy Asset Management LLC purchased a new stake in shares of Old Dominion Freight Line in the 4th quarter valued at $41,000. RPg Family Wealth Advisory LLC acquired a new position in Old Dominion Freight Line during the third quarter valued at $45,000. Brown Brothers Harriman & Co. boosted its holdings in 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 valued at $53,000 after purchasing an additional 215 shares during the last quarter. Versant Capital Management Inc grew its position in 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 purchasing an additional 110 shares during the period. Finally, Ashton Thomas Securities LLC purchased a new position in shares of Old Dominion Freight Line during the 3rd quarter valued at about $64,000. 77.82% of the stock is currently owned by institutional investors and hedge funds.
Old Dominion Freight Line Price Performance
ODFL traded down $4.18 on Wednesday, reaching $205.11. 1,284,880 shares of the company's stock were exchanged, compared to its average volume of 1,520,446. The stock has a market cap of $43.79 billion, a PE ratio of 37.43, a P/E/G ratio of 3.03 and a beta of 1.05. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.33 and a quick ratio of 1.33. Old Dominion Freight Line, Inc. has a twelve month low of $165.49 and a twelve month high of $233.26. The stock's fifty day moving average price is $189.48 and its 200-day moving average price is $197.91.
Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last issued its earnings results on Wednesday, February 5th. The transportation company reported $1.23 earnings per share for the quarter, topping the consensus estimate 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%. Sell-side analysts expect 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 will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. 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 0.55%. Old Dominion Freight Line's dividend payout ratio (DPR) is 18.98%.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on ODFL shares. The Goldman Sachs Group boosted their price target on Old Dominion Freight Line from $213.00 to $235.00 and gave the company a "neutral" rating in a report on Thursday, December 12th. Evercore ISI lifted their target price on shares of Old Dominion Freight Line from $199.00 to $202.00 and gave the company an "in-line" rating in a report on Thursday, February 6th. Wells Fargo & Company lowered their price target on shares of Old Dominion Freight Line from $195.00 to $185.00 and set an "underweight" rating on the stock in a report on Tuesday, January 7th. Stifel Nicolaus lifted their price target on Old Dominion Freight Line from $176.00 to $193.00 and gave the company a "hold" rating in a research note on Thursday, January 23rd. Finally, TD Cowen dropped their price objective on Old Dominion Freight Line from $203.00 to $196.00 and set a "hold" rating on the stock in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $203.33.
Check Out Our Latest Report on Old Dominion Freight Line
About Old Dominion Freight Line
(
Free Report)
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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