Natixis Advisors LLC Boosts Holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Natixis Advisors LLC raised its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 10.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 358,402 shares of the transportation company's stock after purchasing an additional 33,496 shares during the period. Natixis Advisors LLC owned 0.17% of Old Dominion Freight Line worth $63,222,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ODFL. Whipplewood Advisors LLC bought a new position in shares of Old Dominion Freight Line during the fourth quarter worth about $35,000. RPg Family Wealth Advisory LLC bought a new position in Old Dominion Freight Line during the 3rd quarter worth approximately $45,000. Synergy Asset Management LLC acquired a new position in shares of Old Dominion Freight Line in the 4th quarter worth approximately $41,000. Brown Brothers Harriman & Co. boosted its stake in shares of 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 valued at $53,000 after purchasing an additional 215 shares during the last quarter. Finally, Versant Capital Management Inc increased its position in shares of Old Dominion Freight Line by 45.5% during the fourth quarter. Versant Capital Management Inc now owns 352 shares of the transportation company's stock worth $62,000 after buying an additional 110 shares during the period. 77.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ODFL has been the topic of several recent analyst reports. Citigroup dropped their target price on shares of Old Dominion Freight Line from $205.00 to $186.00 and set a "neutral" rating on the stock in a report on Tuesday, March 4th. Stifel Nicolaus upgraded Old Dominion Freight Line from a "hold" rating to a "buy" rating and upped their target price for the company from $193.00 to $200.00 in a research report on Monday, February 24th. 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 issued a $195.00 price target (down from $218.00) on shares of Old Dominion Freight Line in a research note on Tuesday, January 7th. Finally, Jefferies Financial Group raised their price objective on shares of Old Dominion Freight Line from $185.00 to $190.00 and gave the stock a "hold" rating in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Old Dominion Freight Line has an average rating of "Hold" and an average target price of $202.65.

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Old Dominion Freight Line Stock Down 0.8 %

Old Dominion Freight Line stock traded down $1.31 during midday trading on Thursday, hitting $161.13. 1,585,684 shares of the stock were exchanged, compared to its average volume of 1,554,159. Old Dominion Freight Line, Inc. has a 52-week low of $159.11 and a 52-week high of $233.26. The business's 50-day moving average price is $185.00 and its 200-day moving average price is $194.72. The stock has a market capitalization of $34.25 billion, a price-to-earnings ratio of 29.40, a price-to-earnings-growth ratio of 2.89 and a beta of 1.10. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.01.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last posted 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 net margin of 20.40% and a return on equity of 28.02%. On average, research analysts expect 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. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.70%. 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. Old Dominion Freight Line's payout ratio 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.