XTX Topco Ltd Makes New Investment in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

XTX Topco Ltd purchased a new position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,086 shares of the transportation company's stock, valued at approximately $368,000.

A number of other hedge funds also recently bought and sold shares of ODFL. Whipplewood Advisors LLC purchased a new position in Old Dominion Freight Line during the fourth quarter worth approximately $35,000. Synergy Asset Management LLC acquired a new stake in shares of Old Dominion Freight Line during the 4th quarter worth about $41,000. Murphy & Mullick Capital Management Corp acquired a new position in Old Dominion Freight Line in the fourth quarter valued at about $51,000. Versant Capital Management Inc lifted its position 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 buying an additional 110 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in Old Dominion Freight Line in the fourth quarter valued at about $69,000. Hedge funds and other institutional investors own 77.82% of the company's stock.

Old Dominion Freight Line Price Performance

Shares of ODFL stock traded up $2.26 during trading hours on Monday, hitting $149.00. The company's stock had a trading volume of 2,698,499 shares, compared to its average volume of 1,677,311. The business has a fifty day moving average of $164.25 and a 200-day moving average of $187.20. The stock has a market cap of $31.61 billion, a price-to-earnings ratio of 27.19, a P/E/G ratio of 2.89 and a beta of 1.25. Old Dominion Freight Line, Inc. has a twelve month low of $144.90 and a twelve month high of $233.26. 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 - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $1.19 EPS for the quarter, beating the consensus estimate of $1.14 by $0.05. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.38 billion. Old Dominion Freight Line had a net margin of 20.40% and a return on equity of 28.02%. The company's quarterly revenue was down 5.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.34 earnings per share. As a group, equities research analysts anticipate that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current year.

Old Dominion Freight Line Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were paid a dividend of $0.28 per share. This is an increase from Old Dominion Freight Line's previous quarterly dividend of $0.26. The ex-dividend date was Wednesday, March 5th. This represents a $1.12 annualized dividend and a dividend yield of 0.75%. Old Dominion Freight Line's dividend payout ratio is presently 21.01%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on ODFL shares. Bank of America reduced their price target on shares of Old Dominion Freight Line from $237.00 to $204.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Morgan Stanley set a $185.00 price target on shares of Old Dominion Freight Line in a research note on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft started coverage on shares of Old Dominion Freight Line in a research note on Friday, March 7th. They issued a "buy" rating and a $236.00 price target on the stock. StockNews.com lowered shares of Old Dominion Freight Line from a "hold" rating to a "sell" rating in a research report on Saturday, March 29th. Finally, Stifel Nicolaus lowered their target price on shares of Old Dominion Freight Line from $188.00 to $175.00 and set a "buy" rating on the stock in a research report on Thursday. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $182.95.

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.