Jump Financial LLC Has $4.83 Million Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Jump Financial LLC increased its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 522.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 27,396 shares of the transportation company's stock after purchasing an additional 22,997 shares during the quarter. Jump Financial LLC's holdings in Old Dominion Freight Line were worth $4,833,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. Hantz Financial Services Inc. grew its stake in Old Dominion Freight Line by 3.6% in the 4th quarter. Hantz Financial Services Inc. now owns 1,568 shares of the transportation company's stock valued at $277,000 after acquiring an additional 55 shares during the last quarter. D.A. Davidson & CO. grew its holdings in Old Dominion Freight Line by 1.9% during the 4th quarter. D.A. Davidson & CO. now owns 2,888 shares of the transportation company's stock valued at $509,000 after buying an additional 55 shares during the last quarter. Evergreen Private Wealth LLC increased its position in Old Dominion Freight Line by 0.9% during the fourth quarter. Evergreen Private Wealth LLC now owns 6,651 shares of the transportation company's stock worth $1,173,000 after buying an additional 59 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its holdings in shares of Old Dominion Freight Line by 5.5% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,169 shares of the transportation company's stock worth $206,000 after acquiring an additional 61 shares during the last quarter. Finally, Kestra Private Wealth Services LLC boosted its stake in shares of Old Dominion Freight Line by 0.7% during the fourth quarter. Kestra Private Wealth Services LLC now owns 9,454 shares of the transportation company's stock valued at $1,668,000 after acquiring an additional 62 shares during the last quarter. Institutional investors and hedge funds own 77.82% of the company's stock.

Wall Street Analyst Weigh In

ODFL has been the topic of several analyst reports. Truist Financial initiated coverage on shares of Old Dominion Freight Line in a research note on Thursday, March 13th. They set a "buy" rating and a $220.00 price target on the stock. Citigroup raised shares of Old Dominion Freight Line from a "neutral" rating to a "buy" rating and decreased their target price for the stock from $186.00 to $183.00 in a research report on Tuesday, April 8th. StockNews.com downgraded shares of Old Dominion Freight Line from a "hold" rating to a "sell" rating in a research note on Saturday, March 29th. Wells Fargo & Company dropped their price objective on Old Dominion Freight Line from $185.00 to $160.00 and set an "underweight" rating for the company in a report on Thursday, March 27th. Finally, Morgan Stanley set a $185.00 price target on Old Dominion Freight Line 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 assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $195.15.

Old Dominion Freight Line Price Performance

NASDAQ ODFL traded up $1.27 on Tuesday, reaching $151.14. 391,688 shares of the stock traded hands, compared to its average volume of 1,670,463. 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 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. The firm's fifty day simple moving average is $169.72 and its 200 day simple moving average is $188.67. Old Dominion Freight Line, Inc. has a 12 month low of $145.79 and a 12 month high of $233.26.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last posted 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 net margin of 20.40% and a return on equity of 28.02%. As a group, 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 announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This is a positive change from Old Dominion Freight Line's previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.74%. Old Dominion Freight Line's payout ratio is 20.44%.

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.