Vontobel Holding Ltd. Acquires 2,688 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Vontobel Holding Ltd. boosted its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 27.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,478 shares of the transportation company's stock after acquiring an additional 2,688 shares during the period. Vontobel Holding Ltd.'s holdings in Old Dominion Freight Line were worth $2,201,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Asset Management One Co. Ltd. lifted its holdings in shares of Old Dominion Freight Line by 2.6% in the 4th quarter. Asset Management One Co. Ltd. now owns 76,309 shares of the transportation company's stock worth $13,753,000 after purchasing an additional 1,948 shares during the last quarter. Avestar Capital LLC lifted its holdings in Old Dominion Freight Line by 12.0% in the 4th quarter. Avestar Capital LLC now owns 1,258 shares of the transportation company's stock valued at $222,000 after acquiring an additional 135 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Old Dominion Freight Line by 0.4% during the fourth quarter. Van ECK Associates Corp now owns 42,075 shares of the transportation company's stock worth $7,422,000 after buying an additional 187 shares in the last quarter. Peterson Wealth Services grew its holdings in shares of Old Dominion Freight Line by 0.9% in the 4th quarter. Peterson Wealth Services now owns 14,464 shares of the transportation company's stock worth $2,551,000 after acquiring an additional 130 shares during the last quarter. Finally, Savant Capital LLC increased its stake in Old Dominion Freight Line by 38.4% in the 4th quarter. Savant Capital LLC now owns 2,365 shares of the transportation company's stock worth $417,000 after purchasing an additional 656 shares in the last quarter. Institutional investors and hedge funds own 77.82% of the company's stock.

Analyst Ratings Changes

ODFL has been the subject of a number of research analyst reports. Wells Fargo & Company decreased their target price on Old Dominion Freight Line from $195.00 to $185.00 and set an "underweight" rating for the company in a research report on Tuesday, January 7th. Morgan Stanley boosted their target price 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. TD Cowen dropped their price objective on Old Dominion Freight Line from $203.00 to $196.00 and set a "hold" rating on the stock in a research note on Thursday, October 24th. StockNews.com raised shares of Old Dominion Freight Line from a "sell" rating to a "hold" rating in a report on Saturday, February 15th. Finally, BMO Capital Markets reduced their price objective on Old Dominion Freight Line from $210.00 to $205.00 and set a "market perform" rating for the company in a research report on Thursday, October 24th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $203.33.

Old Dominion Freight Line Stock Down 8.5 %

Shares of NASDAQ ODFL traded down $16.85 during trading hours on Friday, hitting $180.40. The company had a trading volume of 5,678,881 shares, compared to its average volume of 1,638,226. The stock has a market capitalization of $38.52 billion, a P/E ratio of 32.92, a price-to-earnings-growth ratio of 3.01 and a beta of 1.05. Old Dominion Freight Line, Inc. has a 1-year low of $165.49 and a 1-year high of $233.26. The firm's 50 day moving average is $188.96 and its 200-day moving average is $197.81. 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 announced its quarterly earnings data on Wednesday, February 5th. The transportation company reported $1.23 EPS for the quarter, beating analysts' consensus estimates 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, 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be issued a dividend of $0.28 per share. The ex-dividend date is Wednesday, March 5th. This is a positive change from Old Dominion Freight Line's previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.62%. 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.