American Century Companies Inc. Buys 36,229 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

American Century Companies Inc. lifted its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 21.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 204,391 shares of the transportation company’s stock after buying an additional 36,229 shares during the quarter. American Century Companies Inc.’s holdings in Old Dominion Freight Line were worth $36,055,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Hantz Financial Services Inc. grew 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 valued at $277,000 after buying an additional 55 shares during the last quarter. D.A. Davidson & CO. boosted its position in shares of Old Dominion Freight Line by 1.9% in the fourth 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 period. 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 last quarter. Dorsey & Whitney Trust CO LLC increased its position in 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 worth $206,000 after acquiring an additional 61 shares during the period. Finally, Kestra Private Wealth Services LLC raised its stake 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 during the last quarter. 77.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ODFL has been the topic of several research reports. Stephens restated an “overweight” rating and set a $240.00 price objective on shares of Old Dominion Freight Line in a report on Thursday, February 6th. Bank of America lowered their price target on Old Dominion Freight Line from $237.00 to $204.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Evercore ISI raised their price objective on 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. JPMorgan Chase & Co. boosted their price objective on 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, Truist Financial began coverage on Old Dominion Freight Line in a research report on Thursday, March 13th. They issued a “buy” rating and a $220.00 target price for the company. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $201.40.

Old Dominion Freight Line Stock Down 3.2 %

Shares of ODFL opened at $164.85 on Friday. The company has a market capitalization of $35.04 billion, a P/E ratio of 30.08, a PEG ratio of 2.89 and a beta of 1.10. Old Dominion Freight Line, Inc. has a one year low of $157.67 and a one year high of $233.26. The business’s 50 day simple moving average is $182.63 and its 200-day simple moving average is $193.54. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.33 and a quick ratio of 1.33.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its earnings results on Wednesday, February 5th. The transportation company reported $1.23 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%. As a group, sell-side 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 business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.68%. The ex-dividend date was Wednesday, March 5th. This is a boost from Old Dominion Freight Line’s previous quarterly dividend of $0.26. Old Dominion Freight Line’s dividend payout ratio (DPR) is presently 18.98%.

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.