Quantbot Technologies LP Has $2.23 Million Stock Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Quantbot Technologies LP grew its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 603.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,661 shares of the transportation company's stock after acquiring an additional 10,862 shares during the period. Quantbot Technologies LP's holdings in Old Dominion Freight Line were worth $2,233,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of ODFL. SevenBridge Financial Group LLC raised its position in Old Dominion Freight Line by 2.0% in the 3rd quarter. SevenBridge Financial Group LLC now owns 2,611 shares of the transportation company's stock worth $519,000 after purchasing an additional 50 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of Old Dominion Freight Line by 0.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 10,888 shares of the transportation company's stock valued at $2,163,000 after buying an additional 55 shares during the period. Hantz Financial Services Inc. raised its position in shares of Old Dominion Freight Line by 3.6% during the fourth quarter. Hantz Financial Services Inc. now owns 1,568 shares of the transportation company's stock worth $277,000 after acquiring an additional 55 shares during the last quarter. D.A. Davidson & CO. lifted its position in Old Dominion Freight Line by 1.9% during the 4th quarter. D.A. Davidson & CO. now owns 2,888 shares of the transportation company's stock valued at $509,000 after purchasing an additional 55 shares during the period. Finally, Evergreen Private Wealth LLC boosted its stake in Old Dominion Freight Line by 0.9% in the fourth quarter. Evergreen Private Wealth LLC now owns 6,651 shares of the transportation company's stock valued at $1,173,000 after acquiring an additional 59 shares during the last quarter. 77.82% of the stock is currently owned by institutional investors and hedge funds.

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Old Dominion Freight Line Stock Performance

Shares of Old Dominion Freight Line stock traded up $1.56 during trading on Thursday, reaching $170.23. The company's stock had a trading volume of 1,260,169 shares, compared to its average volume of 1,572,273. Old Dominion Freight Line, Inc. has a 52 week low of $157.67 and a 52 week high of $233.26. The firm has a market cap of $36.18 billion, a PE ratio of 31.06, a P/E/G ratio of 2.89 and a beta of 1.10. The business's 50-day moving average price is $183.51 and its 200-day moving average price is $193.88. 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 earnings per share for the quarter, beating 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 forecast that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current year.

Old Dominion Freight Line Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend was Wednesday, March 5th. This is an increase from Old Dominion Freight Line's previous quarterly dividend of $0.26. Old Dominion Freight Line's dividend payout ratio (DPR) is currently 18.98%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Citigroup reduced their target price on Old Dominion Freight Line from $205.00 to $186.00 and set a "neutral" rating on the stock in a report on Tuesday, March 4th. Evercore ISI increased their target price on Old Dominion Freight Line from $199.00 to $202.00 and gave the stock an "in-line" rating in a report on Thursday, February 6th. Wells Fargo & Company lowered their price objective on shares of Old Dominion Freight Line from $185.00 to $160.00 and set an "underweight" rating on the stock in a report on Thursday. JPMorgan Chase & Co. lifted their target price on Old Dominion Freight Line from $186.00 to $205.00 and gave the company a "neutral" rating in a research report on Friday, December 6th. Finally, Jefferies Financial Group raised their target price on shares of Old Dominion Freight Line from $185.00 to $190.00 and gave the company a "hold" rating in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $201.40.

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.