Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Shares Purchased by Mizuho Securities USA LLC

Mizuho Securities USA LLC grew its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 45.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,807 shares of the transportation company's stock after purchasing an additional 5,579 shares during the quarter. Mizuho Securities USA LLC's holdings in Old Dominion Freight Line were worth $3,141,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in ODFL. Whipplewood Advisors LLC acquired a new stake in shares of Old Dominion Freight Line in the 4th quarter valued at about $35,000. RPg Family Wealth Advisory LLC bought a new position in Old Dominion Freight Line during the third quarter worth $45,000. Synergy Asset Management LLC bought a new stake in shares of Old Dominion Freight Line during the 4th quarter worth about $41,000. Brown Brothers Harriman & Co. increased its stake in shares of Old Dominion Freight Line by 398.1% during the third quarter. Brown Brothers Harriman & Co. now owns 269 shares of the transportation company's stock worth $53,000 after purchasing an additional 215 shares during the period. Finally, Versant Capital Management Inc boosted its position in shares of 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 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.

Old Dominion Freight Line Stock Performance

Old Dominion Freight Line stock traded up $1.56 during mid-day trading on Thursday, reaching $170.23. 1,260,169 shares of the company traded hands, compared to its average volume of 1,572,273. The company has a market capitalization of $36.18 billion, a price-to-earnings ratio of 31.06, a price-to-earnings-growth ratio of 2.89 and a beta of 1.10. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.33 and a quick ratio of 1.33. The firm's fifty day moving average is $183.51 and its two-hundred day moving average is $193.88. Old Dominion Freight Line, Inc. has a fifty-two week low of $157.67 and a fifty-two week high of $233.26.

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Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The transportation company reported $1.23 earnings per share (EPS) 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%. On average, equities research 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 disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were issued a $0.28 dividend. This is an increase from Old Dominion Freight Line's previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.12 dividend on an annualized basis and a yield of 0.66%. Old Dominion Freight Line's dividend payout ratio is presently 18.98%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Stephens reaffirmed an "overweight" rating and issued a $240.00 price target on shares of Old Dominion Freight Line in a research note on Thursday, February 6th. StockNews.com raised shares of Old Dominion Freight Line from a "sell" rating to a "hold" rating in a research report on Saturday, February 15th. Bank of America cut 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. Susquehanna reiterated a "neutral" rating and set a $195.00 price objective (down from $218.00) on shares of Old Dominion Freight Line in a report on Tuesday, January 7th. Finally, The Goldman Sachs Group increased their price target on Old Dominion Freight Line from $213.00 to $235.00 and gave the company a "neutral" rating in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Old Dominion Freight Line has an average rating of "Hold" and a consensus price target of $201.40.

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.