Alliancebernstein L.P. Has $37.69 Million Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Alliancebernstein L.P. decreased its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 3.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 213,638 shares of the transportation company's stock after selling 7,783 shares during the quarter. Alliancebernstein L.P. owned about 0.10% of Old Dominion Freight Line worth $37,686,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hantz Financial Services Inc. raised its holdings in shares of Old Dominion Freight Line by 3.6% in the fourth quarter. Hantz Financial Services Inc. now owns 1,568 shares of the transportation company's stock valued at $277,000 after purchasing an additional 55 shares during the last quarter. D.A. Davidson & CO. raised its holdings in shares of Old Dominion Freight Line by 1.9% in the fourth quarter. D.A. Davidson & CO. now owns 2,888 shares of the transportation company's stock valued at $509,000 after purchasing an additional 55 shares during the last quarter. Evergreen Private Wealth LLC increased its holdings in Old Dominion Freight Line by 0.9% during the fourth quarter. Evergreen Private Wealth LLC now owns 6,651 shares of the transportation company's stock worth $1,173,000 after buying an additional 59 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its holdings in Old Dominion Freight Line by 5.5% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,169 shares of the transportation company's stock worth $206,000 after buying an additional 61 shares during the last quarter. Finally, Kestra Private Wealth Services LLC increased its holdings in Old Dominion Freight Line by 0.7% during the fourth quarter. Kestra Private Wealth Services LLC now owns 9,454 shares of the transportation company's stock worth $1,668,000 after buying an additional 62 shares during the last quarter. Institutional investors own 77.82% of the company's stock.

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Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ODFL. Bank of America lowered their target price on shares of Old Dominion Freight Line from $237.00 to $204.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Evercore ISI boosted their target price on shares of Old Dominion Freight Line from $199.00 to $202.00 and gave the stock an "in-line" rating in a report on Thursday, February 6th. Citigroup upgraded shares of Old Dominion Freight Line from a "neutral" rating to a "buy" rating and lowered their target price for the stock from $186.00 to $183.00 in a report on Tuesday. Susquehanna lowered their target price on shares of Old Dominion Freight Line from $210.00 to $171.00 and set a "neutral" rating on the stock in a report on Monday, March 31st. Finally, Stifel Nicolaus upgraded shares of Old Dominion Freight Line from a "hold" rating to a "buy" rating and upped their price objective for the company from $193.00 to $200.00 in a report on Monday, February 24th. 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 assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $195.75.

Old Dominion Freight Line Price Performance

Shares of ODFL stock traded down $8.75 on Thursday, reaching $156.74. The company had a trading volume of 453,105 shares, compared to its average volume of 1,659,972. The stock has a market capitalization of $33.31 billion, a PE ratio of 28.64, a price-to-earnings-growth ratio of 2.89 and a beta of 1.25. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.01. Old Dominion Freight Line, Inc. has a one year low of $145.79 and a one year high of $233.26. The business's 50-day moving average is $176.54 and its 200 day moving average is $191.09.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last posted 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 net margin of 20.40% and a return on equity of 28.02%. Equities research analysts forecast that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current fiscal 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 issued a $0.28 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.71%. 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 18.98%.

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.