Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. increased its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 21.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 204,391 shares of the transportation company's stock after buying an additional 36,229 shares during the period. American Century Companies Inc. owned 0.10% of Old Dominion Freight Line worth $36,055,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC purchased a new position in Old Dominion Freight Line in the fourth quarter worth $35,000. Synergy Asset Management LLC purchased a new position in shares of Old Dominion Freight Line during the 4th quarter valued at approximately $41,000. Brown Brothers Harriman & Co. grew 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 period. Versant Capital Management Inc grew its position 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 valued at $62,000 after purchasing an additional 110 shares during the period. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Old Dominion Freight Line during the fourth quarter worth $69,000. Hedge funds and other institutional investors own 77.82% of the company's stock.

Old Dominion Freight Line Stock Performance

NASDAQ ODFL traded down $0.11 during trading hours on Tuesday, hitting $165.34. The company's stock had a trading volume of 517,689 shares, compared to its average volume of 1,756,970. The company has a market cap of $35.14 billion, a P/E ratio of 30.19, a price-to-earnings-growth ratio of 2.89 and a beta of 1.10. 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 12 month low of $157.67 and a 12 month high of $233.26. The company's 50 day simple moving average is $182.14 and its two-hundred day simple moving average is $193.41.

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Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last released its earnings results on Wednesday, February 5th. The transportation company reported $1.23 earnings per share for the quarter, beating 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%. As a group, sell-side analysts expect that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current fiscal year.

Old Dominion Freight Line Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.68%. The ex-dividend date was Wednesday, March 5th. This is a positive change from Old Dominion Freight Line's previous quarterly dividend of $0.26. Old Dominion Freight Line's payout ratio is 18.98%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ODFL shares. Bank of America dropped 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. Jefferies Financial Group increased their target price on shares of Old Dominion Freight Line from $185.00 to $190.00 and gave the company a "hold" rating in a report on Friday, January 10th. Barclays decreased their price objective on Old Dominion Freight Line from $210.00 to $195.00 and set an "equal weight" rating on the stock in a research note on Monday, March 10th. Stifel Nicolaus raised Old Dominion Freight Line from a "hold" rating to a "buy" rating and lifted their price objective for the company from $193.00 to $200.00 in a research report on Monday, February 24th. Finally, Susquehanna reduced their target price on Old Dominion Freight Line from $210.00 to $171.00 and set a "neutral" rating on the stock in a report on Monday. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $200.20.

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.