Ossiam grew its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 1,059.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 57,962 shares of the transportation company's stock after purchasing an additional 52,964 shares during the period. Ossiam's holdings in Old Dominion Freight Line were worth $10,224,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. Whipplewood Advisors LLC acquired a new position in Old Dominion Freight Line in the fourth quarter valued at about $35,000. Synergy Asset Management LLC acquired a new position in shares of Old Dominion Freight Line in the 4th quarter worth approximately $41,000. Murphy & Mullick Capital Management Corp bought a new stake in Old Dominion Freight Line during the 4th quarter worth approximately $51,000. Versant Capital Management Inc increased its holdings in 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 purchasing an additional 110 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new position in Old Dominion Freight Line in the 4th quarter valued at $69,000. Institutional investors own 77.82% of the company's stock.
Analyst Ratings Changes
A number of research analysts recently issued reports on ODFL shares. Citigroup raised Old Dominion Freight Line from a "neutral" rating to a "buy" rating and cut their price target for the company from $186.00 to $183.00 in a report on Tuesday, April 8th. Stifel Nicolaus reduced their target price on shares of Old Dominion Freight Line from $188.00 to $175.00 and set a "buy" rating on the stock in a research note on Thursday. Truist Financial decreased their price objective on Old Dominion Freight Line from $220.00 to $175.00 and set a "buy" rating for the company in a research note on Thursday. Wells Fargo & Company set a $150.00 target price on shares of Old Dominion Freight Line and gave the stock an "underweight" rating in a report on Thursday. Finally, Barclays cut their price objective on Old Dominion Freight Line from $195.00 to $185.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 2nd. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $183.95.
View Our Latest Stock Analysis on Old Dominion Freight Line
Old Dominion Freight Line Stock Performance
NASDAQ:ODFL traded up $4.18 during mid-day trading on Thursday, hitting $157.41. The stock had a trading volume of 740,858 shares, compared to its average volume of 1,681,476. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.33. The company's 50 day simple moving average is $167.57 and its 200 day simple moving average is $188.17. Old Dominion Freight Line, Inc. has a twelve month low of $145.79 and a twelve month high of $233.26. The stock has a market cap of $33.46 billion, a price-to-earnings ratio of 28.74, 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, April 23rd. The transportation company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.04. Old Dominion Freight Line had a return on equity of 28.02% and a net margin of 20.40%. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.38 billion. On average, equities research analysts forecast 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. Shareholders of record on Wednesday, March 5th were given a dividend of $0.28 per share. This is an increase from Old Dominion Freight Line's previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a yield of 0.71%. The ex-dividend date was Wednesday, March 5th. Old Dominion Freight Line's payout ratio is currently 20.44%.
About Old Dominion Freight Line
(
Free Report)
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.
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