Epoch Investment Partners Inc. Has $53.35 Million Stock Holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Epoch Investment Partners Inc. increased its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 3.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 302,458 shares of the transportation company's stock after purchasing an additional 8,758 shares during the period. Epoch Investment Partners Inc. owned 0.14% of Old Dominion Freight Line worth $53,354,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ODFL. Whipplewood Advisors LLC bought a new stake in Old Dominion Freight Line during the 4th quarter valued at $35,000. Synergy Asset Management LLC purchased a new position in Old Dominion Freight Line in the 4th quarter worth $41,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of Old Dominion Freight Line in the 4th quarter valued at about $51,000. Versant Capital Management Inc grew its stake in shares of 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 purchasing an additional 110 shares during the period. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of Old Dominion Freight Line during the fourth quarter valued at approximately $69,000. Institutional investors own 77.82% of the company's stock.

Old Dominion Freight Line Stock Up 0.8 %

Shares of Old Dominion Freight Line stock traded up $1.16 during trading on Wednesday, reaching $153.23. The stock had a trading volume of 3,069,693 shares, compared to its average volume of 1,684,045. The stock has a fifty day moving average price of $168.63 and a two-hundred day moving average price of $188.41. Old Dominion Freight Line, Inc. has a 52 week low of $145.79 and a 52 week high of $233.26. The company has a market capitalization of $32.57 billion, a price-to-earnings ratio of 27.96, a P/E/G ratio of 2.89 and a beta of 1.25. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $1.19 EPS for the quarter, beating analysts' consensus estimates of $1.15 by $0.04. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.38 billion. Old Dominion Freight Line had a net margin of 20.40% and a return on equity of 28.02%. Sell-side analysts predict that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current fiscal year.

Old Dominion Freight Line Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were paid a $0.28 dividend. This is a positive change from Old Dominion Freight Line's previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.12 annualized dividend and a dividend yield of 0.73%. Old Dominion Freight Line's dividend payout ratio (DPR) is presently 20.44%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Stephens restated an "overweight" rating and set a $240.00 price objective on shares of Old Dominion Freight Line in a research report on Thursday, February 6th. 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 note on Monday, March 31st. StockNews.com cut Old Dominion Freight Line from a "hold" rating to a "sell" rating in a research note on Saturday, March 29th. Jefferies Financial Group cut their price target on Old Dominion Freight Line from $195.00 to $165.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Finally, Citigroup raised Old Dominion Freight Line from a "neutral" rating to a "buy" rating and lowered their price target for the stock from $186.00 to $183.00 in a report on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $195.15.

About Old Dominion Freight Line

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.