Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Shares Bought by Choreo LLC

Choreo LLC lifted its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 25.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,188 shares of the transportation company's stock after purchasing an additional 1,464 shares during the quarter. Choreo LLC's holdings in Old Dominion Freight Line were worth $1,273,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp raised its position in Old Dominion Freight Line by 3.8% during the 3rd quarter. State Street Corp now owns 7,633,531 shares of the transportation company's stock worth $1,516,324,000 after buying an additional 279,946 shares during the last quarter. Geode Capital Management LLC raised its position in Old Dominion Freight Line by 6.0% during the 3rd quarter. Geode Capital Management LLC now owns 4,830,973 shares of the transportation company's stock worth $959,005,000 after buying an additional 275,236 shares during the last quarter. Wellington Management Group LLP raised its position in Old Dominion Freight Line by 109.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,435,228 shares of the transportation company's stock worth $285,094,000 after buying an additional 750,073 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Old Dominion Freight Line by 4.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,329,826 shares of the transportation company's stock worth $264,157,000 after buying an additional 57,301 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Old Dominion Freight Line by 7.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,203,666 shares of the transportation company's stock worth $239,096,000 after buying an additional 78,587 shares during the last quarter. 77.82% of the stock is owned by hedge funds and other institutional investors.

Old Dominion Freight Line Price Performance

ODFL traded down $2.75 on Wednesday, hitting $203.02. 1,444,747 shares of the company's stock were exchanged, compared to its average volume of 1,533,645. Old Dominion Freight Line, Inc. has a fifty-two week low of $165.49 and a fifty-two week high of $233.26. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average price of $189.37 and a 200-day moving average price of $197.74. The stock has a market cap of $43.34 billion, a price-to-earnings ratio of 37.05, a P/E/G ratio of 5.30 and a beta of 1.05.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last announced its earnings results on Wednesday, February 5th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate 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, equities analysts anticipate that Old Dominion Freight Line, Inc. will post 5.69 earnings per share for the current year.

Old Dominion Freight Line Increases Dividend

The firm 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 dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.55%. The ex-dividend date is Wednesday, March 5th. This is a boost 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 analysts have issued reports on ODFL shares. JPMorgan Chase & Co. raised their price target on shares of Old Dominion Freight Line from $186.00 to $205.00 and gave the stock a "neutral" rating in a research report on Friday, December 6th. Wells Fargo & Company cut their target price on shares of Old Dominion Freight Line from $195.00 to $185.00 and set an "underweight" rating for the company in a report on Tuesday, January 7th. 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. BMO Capital Markets cut their target price on shares of Old Dominion Freight Line from $210.00 to $205.00 and set a "market perform" rating for the company in a report on Thursday, October 24th. Finally, Stifel Nicolaus lifted their target price on shares of Old Dominion Freight Line from $176.00 to $193.00 and gave the company a "hold" rating in a report on Thursday, January 23rd. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $203.33.

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.