Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Shares Bought by AXQ Capital LP

AXQ Capital LP increased its holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 114.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 4,268 shares of the transportation company's stock after acquiring an additional 2,281 shares during the period. AXQ Capital LP's holdings in Old Dominion Freight Line were worth $753,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC acquired a new stake in shares of Old Dominion Freight Line during the 4th quarter worth about $35,000. Synergy Asset Management LLC acquired a new stake in shares of Old Dominion Freight Line in the fourth quarter valued at $41,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of Old Dominion Freight Line in the 3rd quarter valued at $45,000. Brown Brothers Harriman & Co. lifted its stake in Old Dominion Freight Line by 398.1% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 269 shares of the transportation company's stock worth $53,000 after acquiring an additional 215 shares in the last quarter. Finally, Versant Capital Management Inc boosted 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 acquiring an additional 110 shares during the period. Institutional investors and hedge funds own 77.82% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on ODFL shares. Stephens reissued an "overweight" rating and set a $240.00 price target on shares of Old Dominion Freight Line in a research report on Thursday, February 6th. Jefferies Financial Group increased their price target on Old Dominion Freight Line from $185.00 to $190.00 and gave the company a "hold" rating in a research report on Friday, January 10th. Citigroup decreased their price objective on Old Dominion Freight Line from $205.00 to $186.00 and set a "neutral" rating for the company in a research note on Tuesday, March 4th. 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, Barclays lowered their price objective on Old Dominion Freight Line from $210.00 to $195.00 and set an "equal weight" rating for the company in a research report on Monday, March 10th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $201.40.

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Old Dominion Freight Line Stock Performance

Old Dominion Freight Line stock traded up $1.56 during trading hours on Thursday, reaching $170.23. 1,260,169 shares of the stock were exchanged, compared to its average volume of 1,572,273. The stock has a market cap of $36.18 billion, a P/E ratio of 31.06, a P/E/G ratio of 2.89 and a beta of 1.10. The firm's 50 day moving average is $183.51 and its 200 day moving average is $193.88. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.33. Old Dominion Freight Line, Inc. has a 52-week low of $157.67 and a 52-week high of $233.26.

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%. Analysts predict that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current fiscal year.

Old Dominion Freight Line Increases Dividend

The firm 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 was Wednesday, March 5th. This is an increase 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 0.66%. Old Dominion Freight Line's payout ratio is 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.