B. Metzler seel. Sohn & Co. Holding AG Buys New Shares in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 123,375 shares of the transportation company's stock, valued at approximately $24,505,000. B. Metzler seel. Sohn & Co. Holding AG owned approximately 0.06% of Old Dominion Freight Line as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the company. Benjamin Edwards Inc. acquired a new position in shares of Old Dominion Freight Line during the 2nd quarter worth about $25,000. Atwood & Palmer Inc. raised its stake in Old Dominion Freight Line by 3,700.0% in the second quarter. Atwood & Palmer Inc. now owns 152 shares of the transportation company's stock valued at $27,000 after buying an additional 148 shares during the period. Versant Capital Management Inc lifted its position in shares of Old Dominion Freight Line by 1,630.0% in the second quarter. Versant Capital Management Inc now owns 173 shares of the transportation company's stock valued at $31,000 after buying an additional 163 shares during the last quarter. LRI Investments LLC boosted its stake in shares of Old Dominion Freight Line by 73.1% during the 2nd quarter. LRI Investments LLC now owns 187 shares of the transportation company's stock worth $33,000 after acquiring an additional 79 shares during the period. Finally, Crewe Advisors LLC acquired a new position in shares of Old Dominion Freight Line during the 1st quarter worth approximately $38,000. 77.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Old Dominion Freight Line from $193.00 to $189.00 and set a "neutral" rating for the company in a research report on Friday, September 6th. The Goldman Sachs Group decreased their price target on shares of Old Dominion Freight Line from $228.00 to $216.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 9th. TD Cowen cut their price objective on shares of Old Dominion Freight Line from $203.00 to $196.00 and set a "hold" rating for the company in a research report on Thursday, October 24th. Evercore ISI lowered their target price on Old Dominion Freight Line from $199.00 to $188.00 and set an "in-line" rating on the stock in a research note on Thursday, October 3rd. Finally, Citigroup increased their target price on Old Dominion Freight Line from $201.00 to $241.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $200.00.

Old Dominion Freight Line Stock Performance

Shares of NASDAQ ODFL traded down $2.19 during midday trading on Tuesday, reaching $211.80. The company's stock had a trading volume of 926,801 shares, compared to its average volume of 1,546,654. Old Dominion Freight Line, Inc. has a 12-month low of $165.49 and a 12-month high of $233.26. The firm has a 50 day moving average price of $201.81 and a 200-day moving average price of $191.58. The stock has a market capitalization of $45.22 billion, a P/E ratio of 37.22, a PEG ratio of 4.51 and a beta of 0.99. 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 (NASDAQ:ODFL - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $1.43 EPS for the quarter, topping analysts' consensus estimates of $1.42 by $0.01. The company had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.49 billion. Old Dominion Freight Line had a net margin of 21.03% and a return on equity of 29.40%. Old Dominion Freight Line's revenue was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.54 EPS. As a group, equities analysts predict that Old Dominion Freight Line, Inc. will post 5.43 earnings per share for the current year.

Old Dominion Freight Line Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $1.04 annualized dividend and a dividend yield of 0.49%. Old Dominion Freight Line's dividend payout ratio is currently 18.18%.

Insiders Place Their Bets

In related news, Chairman David S. Congdon sold 10,000 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $195.17, for a total value of $1,951,700.00. Following the sale, the chairman now owns 1,391,621 shares in the company, valued at approximately $271,602,670.57. This trade represents a 0.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Leo H. Suggs sold 3,000 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $225.44, for a total value of $676,320.00. Following the completion of the transaction, the director now directly owns 7,383 shares in the company, valued at approximately $1,664,423.52. This represents a 28.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 49,975 shares of company stock worth $10,062,478 over the last 90 days. Corporate insiders own 9.90% of the company's stock.

Old Dominion Freight Line Company 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.