Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Shares Purchased by DF Dent & Co. Inc.

DF Dent & Co. Inc. boosted its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 3.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 851,614 shares of the transportation company’s stock after buying an additional 32,218 shares during the quarter. Old Dominion Freight Line accounts for approximately 1.9% of DF Dent & Co. Inc.’s portfolio, making the stock its 21st largest holding. DF Dent & Co. Inc. owned 0.40% of Old Dominion Freight Line worth $150,225,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC acquired a new stake in shares of Old Dominion Freight Line in the 4th quarter worth approximately $35,000. Synergy Asset Management LLC acquired a new position in Old Dominion Freight Line during the fourth quarter worth $41,000. Murphy & Mullick Capital Management Corp purchased a new stake in Old Dominion Freight Line during the fourth quarter worth $51,000. Versant Capital Management Inc grew its holdings 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 purchasing an additional 110 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in shares of Old Dominion Freight Line in the fourth quarter valued at $69,000. 77.82% of the stock is currently owned by institutional investors and hedge funds.

Old Dominion Freight Line Stock Performance

NASDAQ ODFL opened at $170.10 on Thursday. The business’s 50-day simple moving average is $181.30 and its 200-day simple moving average is $193.06. The firm has a market capitalization of $36.15 billion, a P/E ratio of 31.04, a P/E/G ratio of 2.89 and a beta of 1.10. Old Dominion Freight Line, Inc. has a 1-year low of $157.67 and a 1-year high of $233.26. 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 quarterly earnings results on Wednesday, February 5th. The transportation company reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates 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%. Equities analysts predict 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. Investors of record on Wednesday, March 5th were issued a $0.28 dividend. This is an increase from Old Dominion Freight Line’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend was Wednesday, March 5th. Old Dominion Freight Line’s dividend payout ratio is currently 18.98%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ODFL. Susquehanna decreased their price objective on shares of Old Dominion Freight Line from $210.00 to $171.00 and set a “neutral” rating on the stock in a research report on Monday. Citigroup lowered their price target on shares of Old Dominion Freight Line from $205.00 to $186.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Old Dominion Freight Line in a research note on Friday, March 7th. They set a “buy” rating and a $236.00 price objective for the company. Wells Fargo & Company reduced their target price on Old Dominion Freight Line from $185.00 to $160.00 and set an “underweight” rating on the stock in a research note on Thursday, March 27th. Finally, Morgan Stanley raised their price target 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. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Old Dominion Freight Line has an average rating of “Hold” and an average price target of $199.70.

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.