Susquehanna Fundamental Investments LLC Invests $23.50 Million in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Susquehanna Fundamental Investments LLC bought a new stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 133,227 shares of the transportation company's stock, valued at approximately $23,501,000. Susquehanna Fundamental Investments LLC owned approximately 0.06% of Old Dominion Freight Line at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Two Sigma Securities LLC increased its holdings in Old Dominion Freight Line by 37.1% during the fourth quarter. Two Sigma Securities LLC now owns 2,741 shares of the transportation company's stock worth $484,000 after buying an additional 741 shares during the last quarter. Nebula Research & Development LLC increased its holdings in Old Dominion Freight Line by 53.7% during the fourth quarter. Nebula Research & Development LLC now owns 14,772 shares of the transportation company's stock worth $2,606,000 after buying an additional 5,162 shares during the last quarter. Lord Abbett & CO. LLC increased its holdings in Old Dominion Freight Line by 68.8% during the fourth quarter. Lord Abbett & CO. LLC now owns 234,794 shares of the transportation company's stock worth $41,418,000 after buying an additional 95,725 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new position in Old Dominion Freight Line during the fourth quarter worth $495,000. Finally, Integrated Wealth Concepts LLC increased its holdings in Old Dominion Freight Line by 1.4% during the fourth quarter. Integrated Wealth Concepts LLC now owns 4,531 shares of the transportation company's stock worth $799,000 after buying an additional 63 shares during the last quarter. 77.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on ODFL. StockNews.com downgraded shares of Old Dominion Freight Line from a "hold" rating to a "sell" rating in a report on Saturday, March 29th. Wells Fargo & Company set a $150.00 price objective on shares of Old Dominion Freight Line and gave the company an "underweight" rating in a report on Thursday, April 24th. Barclays decreased their price objective on shares of Old Dominion Freight Line from $185.00 to $170.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Stephens reiterated an "overweight" rating and issued a $180.00 price objective (down from $200.00) on shares of Old Dominion Freight Line in a report on Thursday, April 24th. Finally, Morgan Stanley set a $185.00 price objective on shares of Old Dominion Freight Line in a report on Wednesday, April 2nd. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Old Dominion Freight Line has an average rating of "Hold" and a consensus price target of $182.95.

Old Dominion Freight Line Price Performance

ODFL traded up $0.65 on Tuesday, hitting $149.65. 2,025,949 shares of the stock were exchanged, compared to its average volume of 1,675,925. Old Dominion Freight Line, Inc. has a 12 month low of $144.90 and a 12 month high of $233.26. The business has a 50-day moving average of $164.25 and a two-hundred day moving average of $187.20. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.33 and a quick ratio of 1.33. The firm has a market capitalization of $31.75 billion, a price-to-earnings ratio of 27.31, a PEG ratio of 2.89 and a beta of 1.25.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The transportation company reported $1.19 EPS for the quarter, topping analysts' consensus estimates of $1.14 by $0.05. The firm had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.38 billion. Old Dominion Freight Line had a net margin of 20.40% and a return on equity of 28.02%. The business's revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.34 earnings per share. Sell-side analysts forecast that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current fiscal year.

Old Dominion Freight Line Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were issued a $0.28 dividend. 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 0.75%. This is a boost from Old Dominion Freight Line's previous quarterly dividend of $0.26. Old Dominion Freight Line's dividend payout ratio is 21.01%.

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.