Fmr LLC Has $443.52 Million Holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

FMR LLC trimmed its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 8.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,514,286 shares of the transportation company's stock after selling 233,855 shares during the period. FMR LLC owned approximately 1.18% of Old Dominion Freight Line worth $443,520,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Avanza Fonder AB acquired a new position in shares of Old Dominion Freight Line in the fourth quarter valued at approximately $3,741,000. AustralianSuper Pty Ltd acquired a new position in Old Dominion Freight Line during the 4th quarter worth $128,221,000. Toronto Dominion Bank boosted its stake in shares of Old Dominion Freight Line by 77.7% in the 3rd quarter. Toronto Dominion Bank now owns 98,061 shares of the transportation company's stock valued at $19,479,000 after buying an additional 42,880 shares during the period. Blueshift Asset Management LLC purchased a new stake in shares of Old Dominion Freight Line during the fourth quarter worth approximately $630,000. Finally, Board of the Pension Protection Fund purchased a new position in Old Dominion Freight Line in the fourth quarter worth approximately $600,000. 77.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Evercore ISI raised their price objective on shares of Old Dominion Freight Line from $199.00 to $202.00 and gave the company an "in-line" rating in a report on Thursday, February 6th. Citigroup upgraded shares of Old Dominion Freight Line from a "neutral" rating to a "buy" rating and reduced their price objective for the stock from $186.00 to $183.00 in a research report on Tuesday, April 8th. Bank of America reduced their price target on shares of Old Dominion Freight Line from $237.00 to $204.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Barclays cut their target price on Old Dominion Freight Line from $195.00 to $185.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 2nd. Finally, UBS Group cut their target price on shares of Old Dominion Freight Line from $196.00 to $158.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $195.15.

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Old Dominion Freight Line Trading Down 1.0 %

Shares of NASDAQ ODFL traded down $1.63 during trading on Tuesday, hitting $153.48. 257,941 shares of the company traded hands, compared to its average volume of 1,815,375. Old Dominion Freight Line, Inc. has a 1 year low of $145.79 and a 1 year high of $233.26. The firm has a market capitalization of $32.62 billion, a P/E ratio of 28.01, a P/E/G ratio of 2.89 and a beta of 1.25. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average price of $174.63 and a 200-day moving average price of $190.15.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last posted its earnings results on Wednesday, February 5th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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, equities analysts predict that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current year.

Old Dominion Freight Line Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were paid a $0.28 dividend. This is an increase from Old Dominion Freight Line's previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend was Wednesday, March 5th. Old Dominion Freight Line's payout ratio is presently 18.98%.

Old Dominion Freight Line 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.