Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Stock Holdings Boosted by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 9.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,534 shares of the transportation company's stock after buying an additional 3,551 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Old Dominion Freight Line were worth $7,327,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. SevenBridge Financial Group LLC boosted its holdings in Old Dominion Freight Line by 2.0% in the 3rd quarter. SevenBridge Financial Group LLC now owns 2,611 shares of the transportation company's stock worth $519,000 after acquiring an additional 50 shares during the period. Advisors Asset Management Inc. boosted its stake in shares of Old Dominion Freight Line by 0.5% in the third quarter. Advisors Asset Management Inc. now owns 10,888 shares of the transportation company's stock valued at $2,163,000 after purchasing an additional 55 shares during the period. Hantz Financial Services Inc. boosted its stake in shares of Old Dominion Freight Line by 3.6% in the fourth quarter. Hantz Financial Services Inc. now owns 1,568 shares of the transportation company's stock valued at $277,000 after purchasing an additional 55 shares during the period. D.A. Davidson & CO. grew its holdings in 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 purchasing an additional 55 shares in the last quarter. Finally, Evergreen Private Wealth LLC increased its stake in Old Dominion Freight Line by 0.9% during the 4th quarter. Evergreen Private Wealth LLC now owns 6,651 shares of the transportation company's stock worth $1,173,000 after buying an additional 59 shares during the period. Institutional investors and hedge funds own 77.82% of the company's stock.

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Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Truist Financial assumed coverage on Old Dominion Freight Line in a research note on Thursday. They set a "buy" rating and a $220.00 target price for the company. The Goldman Sachs Group raised their price objective on Old Dominion Freight Line from $213.00 to $235.00 and gave the company a "neutral" rating in a research note on Thursday, December 12th. Evercore ISI increased their target price on Old Dominion Freight Line from $199.00 to $202.00 and gave the company an "in-line" rating in a research note on Thursday, February 6th. Deutsche Bank Aktiengesellschaft began coverage on shares of Old Dominion Freight Line in a research note on Friday, March 7th. They issued a "buy" rating and a $236.00 price target for the company. Finally, Citigroup reduced their price objective on shares of 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 research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $202.65.

Old Dominion Freight Line Stock Performance

Old Dominion Freight Line stock traded down $0.48 during midday trading on Friday, reaching $162.50. 1,412,251 shares of the stock traded hands, compared to its average volume of 1,551,968. The firm has a fifty day moving average price of $186.05 and a two-hundred day moving average price of $195.35. Old Dominion Freight Line, Inc. has a fifty-two week low of $159.35 and a fifty-two week high of $233.26. The firm has a market cap of $34.54 billion, a price-to-earnings ratio of 29.65, a PEG ratio of 2.89 and a beta of 1.10. 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 issued its quarterly earnings data on Wednesday, February 5th. The transportation company reported $1.23 earnings per share (EPS) 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 research 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 declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be paid a $0.28 dividend. This is a boost from Old Dominion Freight Line's previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $1.12 annualized dividend and a dividend yield of 0.69%. Old Dominion Freight Line's dividend 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.