O Shaughnessy Asset Management LLC Buys 3,905 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

O Shaughnessy Asset Management LLC lifted its holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 9.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 44,237 shares of the transportation company's stock after acquiring an additional 3,905 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in Old Dominion Freight Line were worth $7,803,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Hantz Financial Services Inc. raised its position 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 worth $277,000 after purchasing an additional 55 shares during the period. D.A. Davidson & CO. increased its holdings in shares of Old Dominion Freight Line by 1.9% in the fourth quarter. D.A. Davidson & CO. now owns 2,888 shares of the transportation company's stock worth $509,000 after buying an additional 55 shares during the period. Evergreen Private Wealth LLC increased its holdings in shares of Old Dominion Freight Line by 0.9% in 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 period. Dorsey & Whitney Trust CO LLC lifted its stake in shares of Old Dominion Freight Line by 5.5% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,169 shares of the transportation company's stock valued at $206,000 after acquiring an additional 61 shares during the last quarter. Finally, Kestra Private Wealth Services LLC boosted its holdings in Old Dominion Freight Line by 0.7% during the 4th 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 period. 77.82% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

A number of equities analysts have commented on the company. Barclays decreased their price target on Old Dominion Freight Line from $195.00 to $185.00 and set an "equal weight" rating on the stock in a research note on Wednesday. Stephens reiterated an "overweight" rating and set a $240.00 price target on shares of Old Dominion Freight Line in a report on Thursday, February 6th. Bank of America dropped their price target on shares of Old Dominion Freight Line from $237.00 to $204.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Morgan Stanley boosted their price objective on shares of Old Dominion Freight Line from $165.00 to $170.00 and gave the company an "equal weight" rating in a research report on Thursday, February 6th. Finally, Wells Fargo & Company dropped their target price on shares of 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. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $199.70.

Old Dominion Freight Line Stock Down 2.4 %

Shares of ODFL stock traded down $3.69 during mid-day trading on Friday, reaching $152.06. 3,326,316 shares of the company's stock traded hands, compared to its average volume of 1,646,353. The company's 50-day moving average price is $179.81 and its 200-day moving average price is $192.48. The company has a market cap of $32.32 billion, a P/E ratio of 27.75, a P/E/G ratio of 2.89 and a beta of 1.25. 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, Inc. has a 12 month low of $147.06 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 EPS 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, equities analysts expect that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current fiscal year.

Old Dominion Freight Line Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were paid a $0.28 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.12 annualized dividend and a dividend yield of 0.74%. This is an increase from Old Dominion Freight Line's previous quarterly dividend of $0.26. Old Dominion Freight Line's dividend payout ratio is presently 18.98%.

Old Dominion Freight Line Company 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.