Epoch Investment Partners Inc. Grows Stock Holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Epoch Investment Partners Inc. boosted its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 3.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 302,458 shares of the transportation company's stock after purchasing an additional 8,758 shares during the quarter. Epoch Investment Partners Inc. owned approximately 0.14% of Old Dominion Freight Line worth $53,354,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Avanza Fonder AB acquired a new stake in Old Dominion Freight Line in the fourth quarter valued at approximately $3,741,000. AustralianSuper Pty Ltd purchased a new position in Old Dominion Freight Line in the fourth quarter valued at $128,221,000. Blueshift Asset Management LLC purchased a new stake in Old Dominion Freight Line during the 4th quarter worth about $630,000. Board of the Pension Protection Fund acquired a new stake in shares of Old Dominion Freight Line during the 4th quarter worth about $600,000. Finally, Reliant Investment Management LLC boosted its holdings in Old Dominion Freight Line by 10.4% in the fourth quarter. Reliant Investment Management LLC now owns 21,850 shares of the transportation company's stock valued at $3,854,000 after purchasing an additional 2,060 shares in the last quarter. Institutional investors and hedge funds own 77.82% of the company's stock.

Old Dominion Freight Line Trading Down 6.9 %

Shares of NASDAQ ODFL traded down $10.91 during midday trading on Friday, reaching $147.99. 2,221,440 shares of the stock were exchanged, compared to its average volume of 1,676,945. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $31.45 billion, a P/E ratio of 26.93, a P/E/G ratio of 2.89 and a beta of 1.25. The stock has a 50 day moving average price of $166.62 and a 200-day moving average price of $187.97. Old Dominion Freight Line, Inc. has a 52-week low of $145.79 and a 52-week high of $233.26.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.04. Old Dominion Freight Line had a return on equity of 28.02% and a net margin of 20.40%. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.38 billion. Equities research analysts expect 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 announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were given 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 annualized dividend and a dividend yield of 0.76%. Old Dominion Freight Line's dividend payout ratio (DPR) is currently 20.44%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. UBS Group lowered their target price on shares of Old Dominion Freight Line from $196.00 to $158.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Raymond James set a $185.00 target price on Old Dominion Freight Line and gave the stock an "outperform" rating in a research report on Thursday. Susquehanna decreased their target price on Old Dominion Freight Line from $171.00 to $168.00 and set a "neutral" rating for the company in a research report on Thursday. JPMorgan Chase & Co. cut their price target on Old Dominion Freight Line from $174.00 to $158.00 and set a "neutral" rating on the stock in a research report on Thursday. Finally, Stephens reissued an "overweight" rating and issued a $180.00 price objective (down from $200.00) on shares of Old Dominion Freight Line in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from 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.