Bessemer Group Inc. increased its holdings in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 9.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 435,439 shares of the transportation company's stock after acquiring an additional 37,943 shares during the period. Bessemer Group Inc. owned approximately 0.20% of Old Dominion Freight Line worth $76,812,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Whipplewood Advisors LLC purchased a new stake in shares of Old Dominion Freight Line in the 4th quarter worth about $35,000. Synergy Asset Management LLC acquired a new position in shares of Old Dominion Freight Line during the 4th quarter valued at about $41,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of Old Dominion Freight Line during the 4th quarter worth about $51,000. Versant Capital Management Inc boosted 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 worth $62,000 after acquiring an additional 110 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Old Dominion Freight Line in the fourth quarter valued at approximately $69,000. Hedge funds and other institutional investors own 77.82% of the company's stock.
Old Dominion Freight Line Stock Down 1.3 %
ODFL traded down $1.95 during trading on Tuesday, hitting $153.16. The company had a trading volume of 329,032 shares, compared to its average volume of 1,669,362. Old Dominion Freight Line, Inc. has a 1-year low of $145.79 and a 1-year high of $233.26. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.33 and a quick ratio of 1.33. The company has a market cap of $32.55 billion, a PE ratio of 27.95, a P/E/G ratio of 2.89 and a beta of 1.25. The business has a 50-day moving average of $174.63 and a 200-day moving average of $190.15.
Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last posted its quarterly 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 forecast that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current year.
Old Dominion Freight Line Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were given a dividend of $0.28 per share. This is a positive change from Old Dominion Freight Line's previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a dividend yield of 0.73%. The ex-dividend date was Wednesday, March 5th. Old Dominion Freight Line's dividend payout ratio is currently 18.98%.
Wall Street Analyst Weigh In
A number of research firms have weighed in on ODFL. Wells Fargo & Company cut their price target on shares of Old Dominion Freight Line from $185.00 to $160.00 and set an "underweight" rating on the stock in a research note on Thursday, March 27th. StockNews.com cut Old Dominion Freight Line from a "hold" rating to a "sell" rating in a report on Saturday, March 29th. Barclays dropped their price target on Old Dominion Freight Line from $195.00 to $185.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 2nd. Evercore ISI lifted their price objective on Old Dominion Freight Line from $199.00 to $202.00 and gave the company an "in-line" rating in a research note on Thursday, February 6th. Finally, Truist Financial assumed coverage on shares of Old Dominion Freight Line in a research report on Thursday, March 13th. They set a "buy" rating and a $220.00 target price for the company. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Old Dominion Freight Line currently has a consensus rating of "Hold" and an average price target of $195.15.
Read Our Latest Stock Report on Old Dominion Freight Line
Old Dominion Freight Line Profile
(
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.
Read More
Before you consider Old Dominion Freight Line, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Old Dominion Freight Line wasn't on the list.
While Old Dominion Freight Line currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
