Virtu Financial LLC Takes Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Virtu Financial LLC acquired a new position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,772 shares of the transportation company's stock, valued at approximately $2,429,000.

Several other institutional investors also recently bought and sold shares of ODFL. Whipplewood Advisors LLC bought a new position in shares of Old Dominion Freight Line during the 4th quarter worth $35,000. RPg Family Wealth Advisory LLC bought a new position in Old Dominion Freight Line during the 3rd quarter worth about $45,000. Synergy Asset Management LLC bought a new position in Old Dominion Freight Line during the 4th quarter worth about $41,000. Brown Brothers Harriman & Co. increased its position in Old Dominion Freight Line by 398.1% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 269 shares of the transportation company's stock valued at $53,000 after purchasing an additional 215 shares during the period. Finally, Versant Capital Management Inc lifted its position in shares of Old Dominion Freight Line by 45.5% in the 4th quarter. Versant Capital Management Inc now owns 352 shares of the transportation company's stock worth $62,000 after purchasing an additional 110 shares during the period. 77.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on ODFL shares. Truist Financial initiated 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. StockNews.com raised shares of Old Dominion Freight Line from a "sell" rating to a "hold" rating in a research report on Saturday, February 15th. Jefferies Financial Group lifted their price objective on shares of Old Dominion Freight Line from $185.00 to $190.00 and gave the stock a "hold" rating in a research report on Friday, January 10th. JPMorgan Chase & Co. increased their target price on shares of Old Dominion Freight Line from $186.00 to $205.00 and gave the company a "neutral" rating in a research report on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Old Dominion Freight Line in a report on Friday, March 7th. They issued a "buy" rating and a $236.00 price target on the stock. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Old Dominion Freight Line currently has a consensus rating of "Hold" and an average price target of $201.40.

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Old Dominion Freight Line Stock Performance

Shares of NASDAQ:ODFL traded up $1.56 during midday trading on Thursday, reaching $170.23. The company's stock had a trading volume of 1,260,169 shares, compared to its average volume of 1,572,273. 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 fifty day moving average of $183.51 and a 200 day moving average of $193.88. Old Dominion Freight Line, Inc. has a twelve month low of $157.67 and a twelve month high of $233.26. The firm 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.

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 for the quarter, topping the consensus estimate 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%. On average, equities analysts expect 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 declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were issued a $0.28 dividend. 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. This represents a $1.12 dividend on an annualized basis and a yield of 0.66%. Old Dominion Freight Line's payout ratio is presently 18.98%.

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.