Asset Management One Co. Ltd. Increases Holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Asset Management One Co. Ltd. increased its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 4.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,664 shares of the transportation company's stock after purchasing an additional 3,355 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Old Dominion Freight Line were worth $13,180,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. American National Bank & Trust purchased a new stake in shares of Old Dominion Freight Line in the 1st quarter worth $30,000. Whipplewood Advisors LLC bought a new stake in shares of Old Dominion Freight Line in the fourth quarter valued at about $35,000. Itau Unibanco Holding S.A. lifted its stake in 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 acquiring an additional 192 shares during the period. Murphy & Mullick Capital Management Corp purchased a new stake in Old Dominion Freight Line in the fourth quarter worth about $51,000. Finally, CoreCap Advisors LLC grew its holdings in Old Dominion Freight Line by 98.2% during the 4th quarter. CoreCap Advisors LLC now owns 339 shares of the transportation company's stock worth $60,000 after acquiring an additional 168 shares in the last quarter. 77.82% of the stock is currently owned by hedge funds and other institutional investors.

Old Dominion Freight Line Stock Performance

Shares of Old Dominion Freight Line stock opened at $160.99 on Friday. The company has a 50 day moving average price of $160.16 and a 200 day moving average price of $172.70. The firm has a market capitalization of $34.02 billion, a P/E ratio of 30.20, a PEG ratio of 3.31 and a beta of 1.26. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.01. Old Dominion Freight Line, Inc. has a 52 week low of $144.90 and a 52 week high of $233.26.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $1.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.14 by $0.05. Old Dominion Freight Line had a net margin of 20.04% and a return on equity of 27.40%. The business had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.38 billion. During the same quarter last year, the company posted $1.34 earnings per share. The business's quarterly revenue was down 5.8% on a year-over-year basis. Sell-side analysts expect that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current year.

Old Dominion Freight Line Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were paid a $0.28 dividend. The ex-dividend date was Wednesday, June 4th. This represents a $1.12 dividend on an annualized basis and a yield of 0.70%. Old Dominion Freight Line's dividend payout ratio (DPR) is 21.01%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on ODFL shares. Evercore ISI lowered their price target on shares of Old Dominion Freight Line from $164.00 to $156.00 and set an "in-line" rating for the company in a research report on Thursday, April 24th. Stifel Nicolaus lowered their target price on Old Dominion Freight Line from $188.00 to $175.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Benchmark reiterated a "hold" rating and issued a $102.00 price target on shares of Old Dominion Freight Line in a report on Thursday, June 12th. Barclays reduced their price target on Old Dominion Freight Line from $185.00 to $170.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. Finally, Jefferies Financial Group dropped their price objective on Old Dominion Freight Line from $195.00 to $165.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $176.10.

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.

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