Generali Asset Management SPA SGR Takes $1.46 Million Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Generali Asset Management SPA SGR purchased a new position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,286 shares of the transportation company's stock, valued at approximately $1,462,000.

Other institutional investors have also recently made changes to their positions in the company. Whipplewood Advisors LLC bought a new position in Old Dominion Freight Line in the 4th quarter worth $35,000. Synergy Asset Management LLC purchased a new stake in shares of Old Dominion Freight Line during the fourth quarter worth about $41,000. RPg Family Wealth Advisory LLC bought a new stake in Old Dominion Freight Line during the 3rd quarter valued at approximately $45,000. Brown Brothers Harriman & Co. lifted its holdings in Old Dominion Freight Line by 398.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 269 shares of the transportation company's stock worth $53,000 after purchasing an additional 215 shares in the last quarter. Finally, Versant Capital Management Inc grew its holdings in 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 valued at $62,000 after buying an additional 110 shares in the last quarter. Institutional investors own 77.82% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on ODFL shares. Stephens reaffirmed an "overweight" rating and set a $240.00 target price on shares of Old Dominion Freight Line in a research note on Thursday, February 6th. JPMorgan Chase & Co. lifted their target price 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. Susquehanna reissued a "neutral" rating and set a $195.00 price target (down from $218.00) on shares of Old Dominion Freight Line in a research note on Tuesday, January 7th. Morgan Stanley upped their price objective on Old Dominion Freight Line from $165.00 to $170.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. Finally, Stifel Nicolaus upgraded shares of Old Dominion Freight Line from a "hold" rating to a "buy" rating and boosted their price target for the stock from $193.00 to $200.00 in a research report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $202.65.

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Old Dominion Freight Line Trading Down 1.4 %

Shares of Old Dominion Freight Line stock traded down $2.45 on Tuesday, hitting $167.60. 1,478,554 shares of the company traded hands, compared to its average volume of 1,568,571. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01. The company has a market cap of $35.62 billion, a PE ratio of 30.58, a PEG ratio of 2.89 and a beta of 1.10. The stock's 50 day moving average price is $184.20 and its 200-day moving average price is $194.17. Old Dominion Freight Line, Inc. has a 52 week low of $157.67 and a 52 week high of $233.26.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last issued its earnings results on Wednesday, February 5th. The transportation company reported $1.23 earnings per share for the quarter, topping 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 year.

Old Dominion Freight Line Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were given a dividend of $0.28 per share. This is an increase from Old Dominion Freight Line's previous quarterly dividend of $0.26. The ex-dividend date was Wednesday, March 5th. This represents a $1.12 dividend on an annualized basis and a yield of 0.67%. Old Dominion Freight Line's dividend payout ratio (DPR) is 18.98%.

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.