Stifel Financial Corp Boosts Holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Stifel Financial Corp boosted its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 3.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 353,067 shares of the transportation company's stock after purchasing an additional 12,898 shares during the quarter. Stifel Financial Corp owned about 0.17% of Old Dominion Freight Line worth $62,283,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hantz Financial Services Inc. increased its holdings in Old Dominion Freight Line by 3.6% in the 4th 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 in the last quarter. D.A. Davidson & CO. boosted its holdings in shares of 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 acquiring an additional 55 shares during the last quarter. Evergreen Private Wealth LLC grew its stake in shares of 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 worth $1,173,000 after acquiring an additional 59 shares during the period. Dorsey & Whitney Trust CO LLC raised its holdings in shares of Old Dominion Freight Line by 5.5% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,169 shares of the transportation company's stock valued at $206,000 after purchasing an additional 61 shares during the last quarter. Finally, Kestra Private Wealth Services LLC lifted its position in Old Dominion Freight Line by 0.7% during the fourth 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 during the period. 77.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ODFL has been the subject of a number of research analyst reports. UBS Group cut their target price on shares of Old Dominion Freight Line from $196.00 to $158.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. StockNews.com downgraded Old Dominion Freight Line from a "hold" rating to a "sell" rating in a report on Saturday, March 29th. Susquehanna cut their price target on Old Dominion Freight Line from $210.00 to $171.00 and set a "neutral" rating for the company in a research note on Monday, March 31st. Barclays reduced their price target on shares of Old Dominion Freight Line from $195.00 to $185.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 2nd. Finally, Truist Financial initiated coverage on shares of Old Dominion Freight Line in a report on Thursday, March 13th. They issued a "buy" rating and a $220.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Old Dominion Freight Line presently has an average rating of "Hold" and an average target price of $195.15.

Old Dominion Freight Line Trading Up 1.5 %

Shares of ODFL stock opened at $152.07 on Wednesday. The stock's 50-day moving average price is $168.63 and its 200-day moving average price is $188.41. Old Dominion Freight Line, Inc. has a 12-month low of $145.79 and a 12-month high of $233.26. The stock has a market capitalization of $32.32 billion, a price-to-earnings ratio of 27.75, a price-to-earnings-growth ratio of 2.89 and a beta of 1.25. 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 (NASDAQ:ODFL - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts predict 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 announced 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. This represents a $1.12 annualized dividend and a dividend yield of 0.74%. This is a boost from Old Dominion Freight Line's previous quarterly dividend of $0.26. The ex-dividend date was Wednesday, March 5th. Old Dominion Freight Line's dividend payout ratio is currently 20.44%.

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.

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