Federated Hermes Inc. trimmed its holdings in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 80.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,400 shares of the transportation company's stock after selling 13,794 shares during the quarter. Federated Hermes Inc.'s holdings in Old Dominion Freight Line were worth $600,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Whipplewood Advisors LLC purchased a new position in Old Dominion Freight Line during the 4th quarter worth $35,000. Synergy Asset Management LLC purchased a new position in shares of Old Dominion Freight Line during the fourth quarter valued at $41,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of Old Dominion Freight Line in the fourth quarter valued at about $51,000. Versant Capital Management Inc raised its holdings 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 valued at $62,000 after acquiring an additional 110 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Old Dominion Freight Line in the fourth quarter worth about $69,000. 77.82% of the stock is owned by hedge funds and other institutional investors.
Old Dominion Freight Line Stock Performance
NASDAQ ODFL traded up $2.20 on Tuesday, reaching $152.07. 1,840,057 shares of the company's stock traded hands, compared to its average volume of 1,678,502. Old Dominion Freight Line, Inc. has a fifty-two week low of $145.79 and a fifty-two week high of $233.26. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.33. The firm has a market cap of $32.32 billion, a price-to-earnings ratio of 27.75, a P/E/G ratio of 2.89 and a beta of 1.25. The stock has a 50 day moving average price of $168.63 and a 200-day moving average price of $188.41.
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 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. Equities research 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 business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.74%. The ex-dividend date was Wednesday, March 5th. This is a positive change from Old Dominion Freight Line's previous quarterly dividend of $0.26. Old Dominion Freight Line's dividend payout ratio is currently 20.44%.
Wall Street Analyst Weigh In
ODFL has been the subject of several recent research reports. StockNews.com lowered shares of Old Dominion Freight Line from a "hold" rating to a "sell" rating in a report on Saturday, March 29th. Deutsche Bank Aktiengesellschaft began coverage on shares of Old Dominion Freight Line in a report on Friday, March 7th. They set a "buy" rating and a $236.00 price objective on the stock. Stifel Nicolaus lowered their target price on Old Dominion Freight Line from $200.00 to $188.00 and set a "buy" rating for the company in a report on Monday, April 14th. 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 report on Wednesday, April 9th. Finally, Barclays decreased their price objective 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. 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 issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $195.15.
Get Our Latest Report on Old Dominion Freight Line
Old Dominion Freight Line Company 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.
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