Capital World Investors Acquires 27,367 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Capital World Investors grew its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 1.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,510,101 shares of the transportation company’s stock after purchasing an additional 27,367 shares during the quarter. Capital World Investors owned about 1.18% of Old Dominion Freight Line worth $442,784,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Hantz Financial Services Inc. boosted its holdings in shares of Old Dominion Freight Line by 3.6% during 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 in the last quarter. D.A. Davidson & CO. grew its stake in shares of Old Dominion Freight Line by 1.9% in the 4th quarter. D.A. Davidson & CO. now owns 2,888 shares of the transportation company’s stock worth $509,000 after buying an additional 55 shares during the last quarter. Evergreen Private Wealth LLC increased its position 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 valued at $1,173,000 after buying an additional 59 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its stake 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 valued at $206,000 after buying an additional 61 shares during the last quarter. Finally, Kestra Private Wealth Services LLC boosted its holdings in Old Dominion Freight Line by 0.7% in the fourth quarter. Kestra Private Wealth Services LLC now owns 9,454 shares of the transportation company’s stock worth $1,668,000 after acquiring an additional 62 shares in the last quarter. Hedge funds and other institutional investors own 77.82% of the company’s stock.

Analysts Set New Price Targets

ODFL has been the subject of several recent analyst reports. Morgan Stanley set a $185.00 price target on Old Dominion Freight Line in a research report on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Old Dominion Freight Line in a research report on Friday, March 7th. They set a “buy” rating and a $236.00 price target for the company. Bank of America cut their target price 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. UBS Group lowered their price target on Old Dominion Freight Line from $196.00 to $158.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Finally, Citigroup upgraded Old Dominion Freight Line from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $186.00 to $183.00 in a report on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $195.15.

Old Dominion Freight Line Trading Up 4.0 %

Old Dominion Freight Line stock opened at $153.75 on Friday. Old Dominion Freight Line, Inc. has a 12-month low of $145.79 and a 12-month high of $233.26. The firm has a market capitalization of $32.68 billion, a price-to-earnings ratio of 28.06, a P/E/G ratio of 2.89 and a beta of 1.25. The firm has a 50 day moving average of $170.78 and a 200 day moving average of $188.98. 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) last announced its quarterly earnings data on Wednesday, February 5th. The transportation company reported $1.23 EPS for the quarter, beating the consensus estimate of $1.17 by $0.06. Old Dominion Freight Line had a net margin of 20.40% and a return on equity of 28.02%. As a group, research analysts predict 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 disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were paid a $0.28 dividend. This is a positive change from Old Dominion Freight Line’s previous quarterly dividend of $0.26. 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 0.73%. Old Dominion Freight Line’s dividend payout ratio is 20.44%.

Old Dominion Freight Line 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.