B. Metzler seel. Sohn & Co. AG Has $24.13 Million Stock Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

B. Metzler seel. Sohn & Co. AG lifted its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 10.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 136,667 shares of the transportation company’s stock after purchasing an additional 13,292 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Old Dominion Freight Line were worth $24,132,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of ODFL. Whipplewood Advisors LLC bought a new position in Old Dominion Freight Line in the fourth quarter worth $35,000. Synergy Asset Management LLC bought a new position in shares of Old Dominion Freight Line during the 4th quarter worth about $41,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Old Dominion Freight Line during the 4th quarter valued at about $51,000. Versant Capital Management Inc increased its stake in Old Dominion Freight Line by 45.5% in the fourth quarter. Versant Capital Management Inc now owns 352 shares of the transportation company’s stock valued at $62,000 after acquiring an additional 110 shares during the period. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in Old Dominion Freight Line in the fourth quarter valued at about $69,000. 77.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ODFL shares. Morgan Stanley lifted their price objective on Old Dominion Freight Line from $165.00 to $170.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Evercore ISI upped their price target on Old Dominion Freight Line from $199.00 to $202.00 and gave the company an “in-line” rating in a research report on Thursday, February 6th. Wells Fargo & Company cut their price objective on Old Dominion Freight Line from $185.00 to $160.00 and set an “underweight” rating for the company in a report on Thursday. Stifel Nicolaus raised shares of Old Dominion Freight Line from a “hold” rating to a “buy” rating and upped their target price for the stock from $193.00 to $200.00 in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. increased their target price on shares of Old Dominion Freight Line from $186.00 to $205.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $201.40.

Old Dominion Freight Line Price Performance

Shares of ODFL stock opened at $164.85 on Monday. The firm’s 50 day moving average price is $182.63 and its two-hundred day moving average price is $193.59. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.33. Old Dominion Freight Line, Inc. has a 52-week low of $157.67 and a 52-week high of $233.26. The stock has a market cap of $35.04 billion, a PE ratio of 30.08, a PEG ratio of 2.89 and a beta of 1.10.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings results 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%. As a group, analysts forecast that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current year.

Old Dominion Freight Line Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were paid a $0.28 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This is a boost from Old Dominion Freight Line’s previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.68%. Old Dominion Freight Line’s dividend payout ratio is 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.