Dynamic Technology Lab Private Ltd purchased a new position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 11,920 shares of the transportation company's stock, valued at approximately $2,103,000. Old Dominion Freight Line comprises 0.3% of Dynamic Technology Lab Private Ltd's holdings, making the stock its 29th biggest holding.
Several other institutional investors also recently modified their holdings of the stock. Whipplewood Advisors LLC acquired a new position in shares of Old Dominion Freight Line in the 4th quarter worth $35,000. Synergy Asset Management LLC acquired a new position in shares of Old Dominion Freight Line in the 4th quarter valued at $41,000. Murphy & Mullick Capital Management Corp purchased a new position in Old Dominion Freight Line in the 4th quarter worth about $51,000. Versant Capital Management Inc raised its holdings in Old Dominion Freight Line by 45.5% during the 4th quarter. Versant Capital Management Inc now owns 352 shares of the transportation company's stock worth $62,000 after buying an additional 110 shares during the period. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in Old Dominion Freight Line during the 4th quarter worth about $69,000. Institutional investors own 77.82% of the company's stock.
Old Dominion Freight Line Stock Down 5.1 %
Old Dominion Freight Line stock traded down $8.43 during mid-day trading on Thursday, hitting $157.06. 981,156 shares of the company's stock were exchanged, compared to its average volume of 1,661,929. Old Dominion Freight Line, Inc. has a 1-year low of $145.79 and a 1-year high of $233.26. The stock has a 50 day moving average of $176.54 and a two-hundred day moving average of $191.09. 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 stock has a market cap of $33.38 billion, a P/E ratio of 28.47, a P/E/G ratio of 2.89 and a beta of 1.25.
Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The transportation company reported $1.23 EPS for the quarter, beating 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 anticipate that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current fiscal year.
Old Dominion Freight Line Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were paid a $0.28 dividend. 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. The ex-dividend date was Wednesday, March 5th. Old Dominion Freight Line's payout ratio is presently 18.98%.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the stock. StockNews.com downgraded shares of Old Dominion Freight Line from a "hold" rating to a "sell" rating in a research report on Saturday, March 29th. The Goldman Sachs Group lifted their price objective on shares of Old Dominion Freight Line from $213.00 to $235.00 and gave the stock a "neutral" rating in a research report on Thursday, December 12th. Citigroup upgraded Old Dominion Freight Line from a "neutral" rating to a "buy" rating and reduced their target price for the company from $186.00 to $183.00 in a report on Tuesday. Susquehanna lowered their price target on 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 raised Old Dominion Freight Line from a "hold" rating to a "buy" rating and increased their price objective for the stock from $193.00 to $200.00 in a research note on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $195.75.
Check Out Our Latest Stock Analysis on Old Dominion Freight Line
Old Dominion Freight Line Profile
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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.
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