Savvy Advisors Inc. Acquires New Stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Savvy Advisors Inc. acquired a new stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 2,463 shares of the transportation company's stock, valued at approximately $435,000.

A number of other hedge funds have also modified their holdings of the stock. Hantz Financial Services Inc. grew its stake in 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 buying an additional 55 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in shares of Old Dominion Freight Line by 1.9% in 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. Evergreen Private Wealth LLC boosted its holdings in shares of Old Dominion Freight Line by 0.9% in 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. Dorsey & Whitney Trust CO LLC grew its position in Old Dominion Freight Line by 5.5% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,169 shares of the transportation company's stock worth $206,000 after acquiring an additional 61 shares during the last quarter. Finally, Kestra Private Wealth Services LLC increased its holdings in Old Dominion Freight Line by 0.7% during the 4th quarter. Kestra Private Wealth Services LLC now owns 9,454 shares of the transportation company's stock valued at $1,668,000 after purchasing an additional 62 shares in the last quarter. 77.82% of the stock is owned by institutional investors and hedge funds.

Old Dominion Freight Line Trading Up 4.0 %

Shares of ODFL stock traded up $5.90 on Friday, reaching $153.75. The company had a trading volume of 1,456,518 shares, compared to its average volume of 1,674,886. The stock has a market cap of $32.68 billion, a PE ratio of 28.06, a PEG ratio of 2.89 and a beta of 1.25. The company has a 50-day moving average of $170.78 and a 200-day moving average of $188.96. 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 issued its earnings results on Wednesday, February 5th. The transportation company reported $1.23 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%. On average, 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 disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.73%. 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 presently 20.44%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Truist Financial assumed coverage on Old Dominion Freight Line in a research note on Thursday, March 13th. They issued a "buy" rating and a $220.00 price objective on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Old Dominion Freight Line in a research report on Friday, March 7th. They set a "buy" rating and a $236.00 price target on the stock. Bank of America lowered their price objective on shares of Old Dominion Freight Line from $237.00 to $204.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Evercore ISI upped their target price on shares of Old Dominion Freight Line from $199.00 to $202.00 and gave the stock an "in-line" rating in a research report on Thursday, February 6th. Finally, Citigroup raised shares of Old Dominion Freight Line from a "neutral" rating to a "buy" rating and lowered their price target for the company from $186.00 to $183.00 in a report on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $195.15.

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.