Menora Mivtachim Holdings LTD. Takes Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Menora Mivtachim Holdings LTD. acquired a new position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 450,000 shares of the transportation company's stock, valued at approximately $79,380,000. Menora Mivtachim Holdings LTD. owned approximately 0.21% of Old Dominion Freight Line at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ODFL. Whipplewood Advisors LLC acquired a new position in Old Dominion Freight Line in the 4th quarter valued at $35,000. Synergy Asset Management LLC acquired a new stake in Old Dominion Freight Line in the 4th quarter worth about $41,000. Murphy & Mullick Capital Management Corp purchased a new stake in Old Dominion Freight Line in the 4th quarter valued at about $51,000. Versant Capital Management Inc increased its stake 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 last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Old Dominion Freight Line in the fourth quarter worth approximately $69,000. Hedge funds and other institutional investors own 77.82% of the company's stock.

Old Dominion Freight Line Stock Up 4.0 %

ODFL stock traded up $5.90 during midday trading on Friday, hitting $153.75. 1,456,518 shares of the company's stock were exchanged, compared to its average volume of 1,671,946. The firm has a 50 day moving average price of $171.82 and a 200-day moving average price of $189.29. Old Dominion Freight Line, Inc. has a 12-month low of $145.79 and a 12-month high of $233.26. The stock has a market capitalization of $32.68 billion, a price-to-earnings ratio of 28.06, a price-to-earnings-growth ratio of 2.89 and a beta of 1.25. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last issued its quarterly 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, analysts anticipate 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 declared 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. This is a boost from Old Dominion Freight Line's previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.12 annualized dividend and a dividend yield of 0.73%. Old Dominion Freight Line's dividend payout ratio (DPR) is presently 20.44%.

Analyst Ratings Changes

Several brokerages recently commented on ODFL. Jefferies Financial Group dropped their price target on shares of Old Dominion Freight Line from $195.00 to $165.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Morgan Stanley set a $185.00 target price on Old Dominion Freight Line in a research report on Wednesday, April 2nd. Wells Fargo & Company lowered their price target on Old Dominion Freight Line from $185.00 to $160.00 and set an "underweight" rating for the company in a research report on Thursday, March 27th. StockNews.com lowered Old Dominion Freight Line from a "hold" rating to a "sell" rating in a research note on Saturday, March 29th. Finally, Susquehanna dropped their target price on shares of Old Dominion Freight Line from $210.00 to $171.00 and set a "neutral" rating for the company in a research report on Monday, March 31st. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Old Dominion Freight Line presently has a consensus rating of "Hold" and an average target price of $195.15.

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.