Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Stock Position Lifted by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co lifted its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 13.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,531 shares of the transportation company's stock after buying an additional 2,268 shares during the period. Elo Mutual Pension Insurance Co's holdings in Old Dominion Freight Line were worth $3,445,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Hantz Financial Services Inc. increased its holdings in Old Dominion Freight Line by 3.6% in the 4th quarter. Hantz Financial Services Inc. now owns 1,568 shares of the transportation company's stock valued at $277,000 after purchasing an additional 55 shares in the last quarter. D.A. Davidson & CO. boosted its holdings in Old Dominion Freight Line by 1.9% in the 4th quarter. D.A. Davidson & CO. now owns 2,888 shares of the transportation company's stock worth $509,000 after acquiring an additional 55 shares during the period. Evergreen Private Wealth LLC boosted its holdings in Old Dominion Freight Line by 0.9% in the 4th quarter. Evergreen Private Wealth LLC now owns 6,651 shares of the transportation company's stock worth $1,173,000 after acquiring an additional 59 shares during the period. Dorsey & Whitney Trust CO LLC grew its position in Old Dominion Freight Line by 5.5% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,169 shares of the transportation company's stock valued at $206,000 after acquiring an additional 61 shares in the last quarter. Finally, Kestra Private Wealth Services LLC raised its stake in shares of Old Dominion Freight Line by 0.7% during the fourth quarter. Kestra Private Wealth Services LLC now owns 9,454 shares of the transportation company's stock valued at $1,668,000 after purchasing an additional 62 shares during the period. 77.82% of the stock is owned by hedge funds and other institutional investors.

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Old Dominion Freight Line Price Performance

Shares of Old Dominion Freight Line stock traded up $1.59 during trading on Tuesday, hitting $167.04. The stock had a trading volume of 706,107 shares, compared to its average volume of 1,622,522. The business has a fifty day moving average of $182.14 and a two-hundred day moving average of $193.41. The firm has a market cap of $35.50 billion, a P/E ratio of 30.40, a PEG ratio of 2.89 and a beta of 1.10. Old Dominion Freight Line, Inc. has a fifty-two week low of $157.67 and a fifty-two week 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.

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 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%. On average, sell-side analysts expect that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current fiscal year.

Old Dominion Freight Line Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.67%. 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 dividend payout ratio (DPR) is presently 18.98%.

Analyst Ratings Changes

ODFL has been the subject of a number of recent analyst reports. Stephens reaffirmed an "overweight" rating and set a $240.00 price target on shares of Old Dominion Freight Line in a report on Thursday, February 6th. Evercore ISI raised their target price 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. The Goldman Sachs Group increased their price target on Old Dominion Freight Line from $213.00 to $235.00 and gave the company a "neutral" rating in a report on Thursday, December 12th. JPMorgan Chase & Co. lifted their price objective on Old Dominion Freight Line from $186.00 to $205.00 and gave the stock a "neutral" rating in a report on Friday, December 6th. Finally, Susquehanna decreased their price target on shares of Old Dominion Freight Line from $210.00 to $171.00 and set a "neutral" rating for the company in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $200.20.

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.