Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its holdings in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 12.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,241,553 shares of the transportation company's stock after buying an additional 141,612 shares during the quarter. Dimensional Fund Advisors LP owned about 0.58% of Old Dominion Freight Line worth $219,020,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Whipplewood Advisors LLC purchased a new position in Old Dominion Freight Line during the fourth quarter worth about $35,000. Synergy Asset Management LLC purchased a new stake in shares of Old Dominion Freight Line during the 4th quarter valued at approximately $41,000. Murphy & Mullick Capital Management Corp acquired a new position in Old Dominion Freight Line in the fourth quarter valued at approximately $51,000. Versant Capital Management Inc grew its position in Old Dominion Freight Line by 45.5% in the fourth quarter. Versant Capital Management Inc now owns 352 shares of the transportation company's stock worth $62,000 after acquiring an additional 110 shares during the period. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in Old Dominion Freight Line during the fourth quarter worth $69,000. 77.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ODFL. UBS Group decreased their price target on Old Dominion Freight Line from $196.00 to $158.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. 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 for the company in a research note on Thursday, January 16th. Susquehanna reduced their price target on shares of Old Dominion Freight Line from $210.00 to $171.00 and set a "neutral" rating on the stock in a research note on Monday, March 31st. StockNews.com cut shares of Old Dominion Freight Line from a "hold" rating to a "sell" rating in a research report on Saturday, March 29th. Finally, Wells Fargo & Company decreased their price target on Old Dominion Freight Line from $185.00 to $160.00 and set an "underweight" rating on the stock in a research note on Thursday, March 27th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $195.15.

Old Dominion Freight Line Price Performance

Old Dominion Freight Line stock opened at $152.07 on Wednesday. The stock has a market cap of $32.32 billion, a P/E ratio of 27.75, a price-to-earnings-growth ratio of 2.89 and a beta of 1.25. The company has a fifty day simple moving average of $168.63 and a 200-day simple moving average of $188.41. 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 12-month low of $145.79 and a 12-month high of $233.26.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. Equities 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 business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were given a $0.28 dividend. The ex-dividend date was Wednesday, March 5th. This is a boost from Old Dominion Freight Line's previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a yield of 0.74%. Old Dominion Freight Line's payout ratio is 20.44%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.