Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Shares Acquired by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG boosted its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 10.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 136,667 shares of the transportation company's stock after acquiring an additional 13,292 shares during the period. B. Metzler seel. Sohn & Co. AG owned about 0.06% of Old Dominion Freight Line worth $24,132,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Fiduciary Trust Co lifted its stake in Old Dominion Freight Line by 14.8% in the 3rd quarter. Fiduciary Trust Co now owns 1,659 shares of the transportation company's stock valued at $330,000 after buying an additional 214 shares in the last quarter. Public Sector Pension Investment Board lifted its position in shares of Old Dominion Freight Line by 62.7% in the third quarter. Public Sector Pension Investment Board now owns 7,266 shares of the transportation company's stock valued at $1,443,000 after acquiring an additional 2,800 shares in the last quarter. Hantz Financial Services Inc. lifted its position in shares of Old Dominion Freight Line by 3.8% in the third quarter. Hantz Financial Services Inc. now owns 1,513 shares of the transportation company's stock valued at $301,000 after acquiring an additional 56 shares in the last quarter. Icon Wealth Advisors LLC boosted its stake in shares of Old Dominion Freight Line by 38.2% in the third quarter. Icon Wealth Advisors LLC now owns 1,115 shares of the transportation company's stock worth $221,000 after acquiring an additional 308 shares during the last quarter. Finally, Captrust Financial Advisors increased its position in shares of Old Dominion Freight Line by 1.7% during the third quarter. Captrust Financial Advisors now owns 7,502 shares of the transportation company's stock worth $1,490,000 after purchasing an additional 124 shares in the last quarter. Institutional investors and hedge funds own 77.82% of the company's stock.

Old Dominion Freight Line Trading Down 1.7 %

Old Dominion Freight Line stock traded down $2.71 during trading on Friday, hitting $153.04. The company had a trading volume of 1,418,154 shares, compared to its average volume of 1,632,454. The stock has a market cap of $32.53 billion, a price-to-earnings ratio of 27.91, a price-to-earnings-growth 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 $147.16 and a 1-year high of $233.26. The company's 50 day simple moving average is $180.59 and its 200-day simple moving average is $192.81.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The transportation company reported $1.23 earnings per share for the quarter, beating analysts' consensus estimates 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%. As a group, 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 company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were given a $0.28 dividend. 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 0.73%. The ex-dividend date of this dividend was Wednesday, March 5th. Old Dominion Freight Line's payout ratio is currently 18.98%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ODFL. Bank of America lowered their target price on shares of Old Dominion Freight Line from $237.00 to $204.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Evercore ISI upped their price objective on shares of Old Dominion Freight Line from $199.00 to $202.00 and gave the company an "in-line" rating in a research note on Thursday, February 6th. Morgan Stanley raised their target price on shares of Old Dominion Freight Line from $165.00 to $170.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 6th. StockNews.com cut Old Dominion Freight Line from a "hold" rating to a "sell" rating in a report on Saturday, March 29th. Finally, Susquehanna cut their price target on Old Dominion Freight Line from $210.00 to $171.00 and set a "neutral" rating for the company in a report on Monday. 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 MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $199.70.

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.