Flossbach Von Storch SE Grows Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Flossbach Von Storch SE boosted its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 119.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 362,706 shares of the transportation company's stock after acquiring an additional 197,461 shares during the period. Flossbach Von Storch SE owned 0.17% of Old Dominion Freight Line worth $63,981,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in Old Dominion Freight Line by 72.2% during the third quarter. Blue Trust Inc. now owns 1,746 shares of the transportation company's stock valued at $347,000 after purchasing an additional 732 shares during the period. Sequoia Financial Advisors LLC raised its stake in shares of Old Dominion Freight Line by 20.5% in the third quarter. Sequoia Financial Advisors LLC now owns 5,979 shares of the transportation company's stock valued at $1,188,000 after buying an additional 1,017 shares during the period. Segment Wealth Management LLC lifted its position in shares of Old Dominion Freight Line by 0.8% during the 3rd quarter. Segment Wealth Management LLC now owns 9,754 shares of the transportation company's stock valued at $1,938,000 after buying an additional 76 shares during the last quarter. Private Advisor Group LLC grew its stake in shares of Old Dominion Freight Line by 3.6% during the 3rd quarter. Private Advisor Group LLC now owns 9,638 shares of the transportation company's stock worth $1,914,000 after acquiring an additional 339 shares during the period. Finally, Hartford Investment Management Co. increased its holdings in Old Dominion Freight Line by 3.8% in the 3rd quarter. Hartford Investment Management Co. now owns 11,856 shares of the transportation company's stock worth $2,355,000 after acquiring an additional 436 shares during the last quarter. 77.82% of the stock is currently owned by hedge funds and other institutional investors.

Old Dominion Freight Line Price Performance

Shares of NASDAQ ODFL traded down $16.85 during trading hours on Friday, reaching $180.40. 5,678,881 shares of the stock traded hands, compared to its average volume of 1,638,226. The company's 50-day simple moving average is $188.96 and its two-hundred day simple moving average is $197.81. The company has a market capitalization of $38.52 billion, a P/E ratio of 32.92, a price-to-earnings-growth ratio of 3.01 and a beta of 1.05. Old Dominion Freight Line, Inc. has a 52-week low of $165.49 and a 52-week high of $233.26. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.01.

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 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%. Equities research analysts forecast that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current year.

Old Dominion Freight Line Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This is an increase from Old Dominion Freight Line's previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a yield of 0.62%. Old Dominion Freight Line's payout ratio is currently 18.98%.

Analyst Upgrades and Downgrades

ODFL has been the topic of several recent research reports. Robert W. Baird dropped their price objective on shares of Old Dominion Freight Line from $204.00 to $200.00 and set an "outperform" rating on the stock in a report on Thursday, October 24th. Stephens restated an "overweight" rating and set a $240.00 price target on shares of Old Dominion Freight Line in a research note on Thursday, February 6th. Barclays reduced their price objective on shares of Old Dominion Freight Line from $220.00 to $210.00 and set an "equal weight" rating for the company in a research note on Friday, January 17th. Citigroup raised their price target on Old Dominion Freight Line from $201.00 to $241.00 and gave the stock a "neutral" rating in a report on Tuesday, November 12th. Finally, Morgan Stanley boosted their price objective on Old Dominion Freight Line from $165.00 to $170.00 and gave the company an "equal weight" rating in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Old Dominion Freight Line currently has a consensus rating of "Hold" and a consensus target price of $203.33.

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.