111 Capital Makes New $380,000 Investment in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

111 Capital acquired a new stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,154 shares of the transportation company's stock, valued at approximately $380,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ODFL. Whipplewood Advisors LLC purchased a new position in shares of Old Dominion Freight Line in the fourth quarter worth about $35,000. Itau Unibanco Holding S.A. lifted its stake in shares of Old Dominion Freight Line by 518.9% in the fourth quarter. Itau Unibanco Holding S.A. now owns 229 shares of the transportation company's stock worth $40,000 after buying an additional 192 shares in the last quarter. Synergy Asset Management LLC purchased a new position in shares of Old Dominion Freight Line in the fourth quarter worth about $41,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of Old Dominion Freight Line in the fourth quarter worth about $51,000. Finally, CoreCap Advisors LLC lifted its stake in shares of Old Dominion Freight Line by 98.2% in the fourth quarter. CoreCap Advisors LLC now owns 339 shares of the transportation company's stock worth $60,000 after buying an additional 168 shares in the last quarter. 77.82% of the stock is owned by hedge funds and other institutional investors.

Old Dominion Freight Line Stock Up 1.9%

Shares of ODFL stock traded up $3.03 during trading on Tuesday, reaching $163.03. The company's stock had a trading volume of 1,367,609 shares, compared to its average volume of 1,654,049. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.33 and a quick ratio of 1.33. The company has a market capitalization of $34.45 billion, a price-to-earnings ratio of 29.75, a P/E/G ratio of 2.89 and a beta of 1.31. The stock's 50-day moving average price is $159.11 and its 200 day moving average price is $179.05. Old Dominion Freight Line, Inc. has a 1-year low of $144.90 and a 1-year high of $233.26.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $1.19 earnings per share for the quarter, beating analysts' consensus estimates of $1.14 by $0.05. The firm had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.38 billion. Old Dominion Freight Line had a net margin of 20.40% and a return on equity of 28.02%. The business's quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.34 earnings per share. On average, research analysts anticipate that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current year.

Old Dominion Freight Line Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date is Wednesday, June 4th. Old Dominion Freight Line's dividend payout ratio (DPR) is currently 21.01%.

Analysts Set New Price Targets

Several research firms have recently weighed in on ODFL. Truist Financial decreased their price target on shares of Old Dominion Freight Line from $220.00 to $175.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Bank of America raised their price target on shares of Old Dominion Freight Line from $167.00 to $183.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Evercore ISI decreased their price target on shares of Old Dominion Freight Line from $164.00 to $156.00 and set an "in-line" rating on the stock in a research note on Thursday, April 24th. Barclays decreased their price target on shares of Old Dominion Freight Line from $185.00 to $170.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Finally, The Goldman Sachs Group raised shares of Old Dominion Freight Line from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $190.00 to $200.00 in a research note on Monday. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Old Dominion Freight Line has a consensus rating of "Hold" and an average price target of $180.42.

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.