Partners Group Holding AG Sells 15,212 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Partners Group Holding AG decreased its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 13.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 101,742 shares of the transportation company's stock after selling 15,212 shares during the quarter. Partners Group Holding AG's holdings in Old Dominion Freight Line were worth $17,947,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of ODFL. Wellington Management Group LLP raised its holdings in Old Dominion Freight Line by 109.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,435,228 shares of the transportation company's stock worth $285,094,000 after acquiring an additional 750,073 shares during the period. AustralianSuper Pty Ltd acquired a new stake in shares of Old Dominion Freight Line in the fourth quarter valued at about $128,221,000. Raymond James Financial Inc. bought a new position in shares of Old Dominion Freight Line in the fourth quarter worth about $114,449,000. Thrivent Financial for Lutherans lifted its position in shares of Old Dominion Freight Line by 92.3% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,195,331 shares of the transportation company's stock worth $210,856,000 after purchasing an additional 573,586 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in Old Dominion Freight Line by 74.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,022,812 shares of the transportation company's stock valued at $207,068,000 after purchasing an additional 437,700 shares during the period. 77.82% of the stock is currently owned by institutional investors and hedge funds.

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Old Dominion Freight Line Trading Up 0.9 %

Old Dominion Freight Line stock traded up $1.56 during midday trading on Thursday, hitting $170.23. 1,260,169 shares of the stock were exchanged, compared to its average volume of 1,574,491. Old Dominion Freight Line, Inc. has a 52 week low of $157.67 and a 52 week high of $233.26. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.01. The stock has a market capitalization 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 company has a fifty day simple moving average of $183.12 and a two-hundred day simple moving average of $193.71.

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 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 research analysts anticipate 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. Stockholders of record on Wednesday, March 5th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.66%. This is a positive change 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%.

Analysts Set New Price Targets

A number of research analysts have recently commented on ODFL shares. JPMorgan Chase & Co. upped their price target on Old Dominion Freight Line from $186.00 to $205.00 and gave the stock a "neutral" rating in a report on Friday, December 6th. StockNews.com upgraded Old Dominion Freight Line from a "sell" rating to a "hold" rating in a research note on Saturday, February 15th. Truist Financial started coverage on Old Dominion Freight Line in a research note on Thursday, March 13th. They set a "buy" rating and a $220.00 price objective for the company. Susquehanna restated a "neutral" rating and issued a $195.00 price target (down from $218.00) on shares of Old Dominion Freight Line in a research report on Tuesday, January 7th. Finally, Citigroup reduced their price objective on Old Dominion Freight Line from $205.00 to $186.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $201.40.

Old Dominion Freight Line Company 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.