Guggenheim Capital LLC Has $9.60 Million Stock Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Guggenheim Capital LLC lowered its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 12.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,412 shares of the transportation company's stock after selling 7,395 shares during the quarter. Guggenheim Capital LLC's holdings in Old Dominion Freight Line were worth $9,598,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. Whipplewood Advisors LLC purchased a new stake in shares of Old Dominion Freight Line in the fourth quarter valued at approximately $35,000. Synergy Asset Management LLC acquired a new stake in shares of Old Dominion Freight Line in the fourth quarter valued at about $41,000. Murphy & Mullick Capital Management Corp acquired a new position in Old Dominion Freight Line during the fourth quarter worth about $51,000. Versant Capital Management Inc lifted its position 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 valued at $62,000 after acquiring an additional 110 shares during the period. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in Old Dominion Freight Line in the 4th quarter valued at approximately $69,000. 77.82% of the stock is owned by institutional investors and hedge funds.

Old Dominion Freight Line Stock Performance

Shares of ODFL traded up $1.23 on Tuesday, reaching $151.10. 391,688 shares of the stock traded hands, compared to its average volume of 1,670,426. The firm has a market cap of $32.12 billion, a price-to-earnings ratio of 27.62, a P/E/G ratio of 2.89 and a beta of 1.25. Old Dominion Freight Line, Inc. has a 12 month low of $145.79 and a 12 month high of $233.26. The stock's 50-day moving average price is $169.72 and its 200-day moving average price is $188.67. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.33 and a quick ratio of 1.33.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The transportation company reported $1.23 earnings per share 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 analysts forecast 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 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 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 annualized dividend and a yield of 0.74%. Old Dominion Freight Line's payout ratio is presently 20.44%.

Wall Street Analyst Weigh In

ODFL has been the topic of several recent research reports. Citigroup upgraded shares of Old Dominion Freight Line from a "neutral" rating to a "buy" rating and decreased their price objective for the stock from $186.00 to $183.00 in a research report on Tuesday, April 8th. Evercore ISI boosted their price target on shares of Old Dominion Freight Line from $199.00 to $202.00 and gave the stock an "in-line" rating in a research report on Thursday, February 6th. UBS Group dropped their target price on 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. Stephens reiterated an "overweight" rating and set a $240.00 price target on shares of Old Dominion Freight Line in a research report on Thursday, February 6th. Finally, Susquehanna dropped their target price on shares of Old Dominion Freight Line from $210.00 to $171.00 and set a "neutral" rating on the stock in a report on Monday, March 31st. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven 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 presently has an average rating of "Hold" and an average target price of $195.15.

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.