Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Stock Holdings Increased by Markel Group Inc.

Markel Group Inc. raised its holdings in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 1.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 300,700 shares of the transportation company’s stock after acquiring an additional 5,700 shares during the period. Markel Group Inc. owned approximately 0.14% of Old Dominion Freight Line worth $53,043,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in ODFL. Whipplewood Advisors LLC bought a new stake in shares of Old Dominion Freight Line in the 4th quarter worth $35,000. Synergy Asset Management LLC bought a new stake in shares of Old Dominion Freight Line in the 4th quarter worth $41,000. RPg Family Wealth Advisory LLC bought a new stake in shares of Old Dominion Freight Line in the 3rd quarter worth $45,000. Brown Brothers Harriman & Co. raised its stake in shares of Old Dominion Freight Line by 398.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 269 shares of the transportation company’s stock worth $53,000 after buying an additional 215 shares in the last quarter. Finally, Versant Capital Management Inc raised its stake 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 buying an additional 110 shares in the last quarter. Institutional investors own 77.82% of the company’s stock.

Old Dominion Freight Line Stock Performance

Shares of ODFL stock opened at $177.97 on Tuesday. 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, Inc. has a fifty-two week low of $165.49 and a fifty-two week high of $233.26. The stock’s 50-day moving average is $187.10 and its two-hundred day moving average is $196.29. The firm has a market cap of $37.83 billion, a P/E ratio of 32.48, a PEG ratio of 2.89 and a beta of 1.10.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its 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%. Analysts predict that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current fiscal year.

Old Dominion Freight Line Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.28 per share. This is a positive change 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 dividend on an annualized basis and a dividend yield of 0.63%. Old Dominion Freight Line’s dividend payout ratio is currently 18.98%.

Analysts Set New Price Targets

ODFL has been the topic of a number of recent analyst reports. Stifel Nicolaus raised Old Dominion Freight Line from a “hold” rating to a “buy” rating and boosted their target price for the stock from $193.00 to $200.00 in a research report on Monday, February 24th. The Goldman Sachs Group boosted their target price on Old Dominion Freight Line from $213.00 to $235.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. Morgan Stanley boosted their target price on Old Dominion Freight Line from $165.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Evercore ISI boosted their target price 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. Finally, Susquehanna reaffirmed a “neutral” rating and set a $195.00 target price (down from $218.00) on shares of Old Dominion Freight Line in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Old Dominion Freight Line presently has an average rating of “Hold” and an average target price of $201.74.

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.