Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Shares Bought by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC boosted its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 27.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,248 shares of the transportation company's stock after buying an additional 2,421 shares during the quarter. Motley Fool Asset Management LLC's holdings in Old Dominion Freight Line were worth $1,984,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Hantz Financial Services Inc. increased its position in shares of Old Dominion Freight Line by 3.6% in the fourth 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. raised its holdings in shares of Old Dominion Freight Line by 1.9% in the 4th quarter. D.A. Davidson & CO. now owns 2,888 shares of the transportation company's stock valued at $509,000 after purchasing an additional 55 shares during the period. 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 during the last quarter. Dorsey & Whitney Trust CO LLC raised its stake in 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 valued at $206,000 after buying an additional 61 shares during the period. Finally, Kestra Private Wealth Services LLC raised its stake in Old Dominion Freight Line by 0.7% in 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 buying an additional 62 shares during the period. 77.82% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

A number of research analysts have commented on ODFL shares. Morgan Stanley set a $185.00 price objective on Old Dominion Freight Line in a report on Wednesday, April 2nd. Susquehanna cut their target price on 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. Raymond James reduced their price objective on shares of Old Dominion Freight Line from $215.00 to $190.00 and set an "outperform" rating on the stock in a research note on Tuesday. Evercore ISI lifted their target price on Old Dominion Freight Line from $199.00 to $202.00 and gave the company an "in-line" rating in a research report on Thursday, February 6th. Finally, Stephens reaffirmed an "overweight" rating and issued a $240.00 target price on shares of Old Dominion Freight Line in a report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $195.75.

Old Dominion Freight Line Price Performance

Shares of ODFL stock traded up $17.15 during trading hours on Wednesday, hitting $165.49. The stock had a trading volume of 3,158,093 shares, compared to its average volume of 1,664,418. 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, Inc. has a one year low of $145.79 and a one year high of $233.26. The stock's 50-day moving average price is $176.54 and its two-hundred day moving average price is $191.09. The stock has a market capitalization of $35.17 billion, a price-to-earnings ratio of 30.20, a PEG ratio of 2.89 and a beta of 1.25.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last released its quarterly earnings results 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 year.

Old Dominion Freight Line Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were issued a dividend of $0.28 per share. This is a positive change 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 0.68%. Old Dominion Freight Line's dividend payout ratio (DPR) is presently 18.98%.

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.