Nicholas Company Inc. Has $16.86 Million Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Nicholas Company Inc. increased its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 6.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 95,565 shares of the transportation company's stock after purchasing an additional 5,495 shares during the period. Nicholas Company Inc.'s holdings in Old Dominion Freight Line were worth $16,858,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. SevenBridge Financial Group LLC grew its position in shares of Old Dominion Freight Line by 2.0% in the 3rd quarter. SevenBridge Financial Group LLC now owns 2,611 shares of the transportation company's stock worth $519,000 after acquiring an additional 50 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in Old Dominion Freight Line by 0.5% during the third quarter. Advisors Asset Management Inc. now owns 10,888 shares of the transportation company's stock worth $2,163,000 after purchasing an additional 55 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in 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 worth $277,000 after purchasing an additional 55 shares during the period. D.A. Davidson & CO. increased its stake in Old Dominion Freight Line by 1.9% during the fourth 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 last quarter. Finally, Evergreen Private Wealth LLC increased its stake 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 valued at $1,173,000 after purchasing an additional 59 shares during the last quarter. 77.82% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on ODFL shares. Deutsche Bank Aktiengesellschaft assumed coverage on Old Dominion Freight Line in a report on Friday, March 7th. They set a "buy" rating and a $236.00 target price for the company. The Goldman Sachs Group boosted their price target on shares of Old Dominion Freight Line from $213.00 to $235.00 and gave the company a "neutral" rating in a report on Thursday, December 12th. Susquehanna reissued a "neutral" rating and set a $195.00 target price (down from $218.00) on shares of Old Dominion Freight Line in a research note on Tuesday, January 7th. Citigroup cut their price target on 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. Finally, Morgan Stanley increased their price objective on Old Dominion Freight Line from $165.00 to $170.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $202.65.

Old Dominion Freight Line Price Performance

Shares of NASDAQ ODFL traded down $1.31 during mid-day trading on Thursday, reaching $161.13. The company had a trading volume of 1,585,684 shares, compared to its average volume of 1,554,159. The company has a 50-day moving average price of $185.00 and a two-hundred day moving average price of $194.72. The stock has a market cap of $34.25 billion, a PE ratio of 29.40, a P/E/G ratio of 2.89 and a beta of 1.10. 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, Inc. has a 1-year low of $159.11 and a 1-year 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 (EPS) for the quarter, topping 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%. On average, equities analysts anticipate that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current year.

Old Dominion Freight Line Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were paid a $0.28 dividend. 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 0.70%. Old Dominion Freight Line's dividend payout ratio (DPR) is currently 18.98%.

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.