Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Shares Bought by Markel Group Inc.

Markel Group Inc. lifted its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 300,700 shares of the transportation company's stock after purchasing an additional 5,700 shares during the period. Markel Group Inc. owned 0.14% of Old Dominion Freight Line worth $53,043,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of ODFL. SevenBridge Financial Group LLC lifted its holdings in shares of 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 buying an additional 50 shares during the period. Advisors Asset Management Inc. raised its holdings in shares of Old Dominion Freight Line by 0.5% in the third quarter. Advisors Asset Management Inc. now owns 10,888 shares of the transportation company's stock valued at $2,163,000 after acquiring an additional 55 shares in the last quarter. Hantz Financial Services Inc. lifted its stake in Old Dominion Freight Line by 3.6% in 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 period. D.A. Davidson & CO. grew its holdings 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 worth $509,000 after acquiring an additional 55 shares in the last quarter. Finally, Evergreen Private Wealth LLC grew its holdings in Old Dominion Freight Line by 0.9% during the 4th quarter. Evergreen Private Wealth LLC now owns 6,651 shares of the transportation company's stock worth $1,173,000 after acquiring an additional 59 shares in the last quarter. Institutional investors own 77.82% of the company's stock.

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Analyst Ratings Changes

Several equities research analysts have recently weighed in on ODFL shares. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Old Dominion Freight Line in a research report on Friday, March 7th. They issued a "buy" rating and a $236.00 price target for the company. Susquehanna reaffirmed a "neutral" rating and set a $195.00 target price (down previously from $218.00) on shares of Old Dominion Freight Line in a research report on Tuesday, January 7th. Truist Financial assumed coverage on Old Dominion Freight Line in a report on Thursday. They issued a "buy" rating and a $220.00 price target on the stock. Bank of America decreased their price objective on 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. Finally, Evercore ISI lifted their target price on Old Dominion Freight Line from $199.00 to $202.00 and gave the company an "in-line" rating in a research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, six have assigned a buy rating and one has given 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 $202.65.

Old Dominion Freight Line Stock Performance

NASDAQ:ODFL traded down $1.56 during midday trading on Thursday, hitting $162.98. The company's stock had a trading volume of 2,044,266 shares, compared to its average volume of 1,561,090. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.33 and a quick ratio of 1.33. Old Dominion Freight Line, Inc. has a fifty-two week low of $159.35 and a fifty-two week high of $233.26. The firm's 50 day moving average is $186.67 and its 200-day moving average is $195.81. The firm has a market cap of $34.64 billion, a P/E ratio of 29.74, a P/E/G ratio of 2.89 and a beta of 1.10.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last issued its earnings results 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 net margin of 20.40% and a return on equity of 28.02%. Equities analysts anticipate 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 business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be paid 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 is Wednesday, March 5th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.69%. Old Dominion Freight Line's dividend payout ratio is presently 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.