B. Metzler seel. Sohn & Co. AG Grows Stock Holdings in Old Dominion Freight Line, Inc. $ODFL

Key Points

• B. Metzler seel. Sohn & Co. AG has increased its holdings in Old Dominion Freight Line, Inc. by 51.1%, now owning 206,484 shares valued at approximately $34.16 million.
• A number of analysts have recently revised their price targets for Old Dominion Freight Line, with UBS cutting it to $155 and Truist Financial increasing it to $180.
• The company announced a quarterly dividend of $0.28, with a dividend yield of 0.7% and a payout ratio of 21.88%.

B. Metzler seel. Sohn & Co. AG grew its holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 51.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 206,484 shares of the transportation company's stock after purchasing an additional 69,817 shares during the quarter. B. Metzler seel. Sohn & Co. AG owned about 0.10% of Old Dominion Freight Line worth $34,163,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Larson Financial Group LLC lifted its stake in Old Dominion Freight Line by 234.8% in the 1st quarter. Larson Financial Group LLC now owns 154 shares of the transportation company's stock worth $25,000 after purchasing an additional 108 shares in the last quarter. American National Bank & Trust acquired a new stake in shares of Old Dominion Freight Line during the 1st quarter worth approximately $30,000. Itau Unibanco Holding S.A. increased its holdings in shares of Old Dominion Freight Line by 518.9% during the 4th 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 during the last quarter. Zions Bancorporation National Association UT acquired a new stake in shares of Old Dominion Freight Line during the 1st quarter worth approximately $39,000. Finally, Wayfinding Financial LLC acquired a new stake in shares of Old Dominion Freight Line during the 1st quarter worth approximately $39,000. 77.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on ODFL shares. UBS Group cut their price target on shares of Old Dominion Freight Line from $158.00 to $155.00 and set a "neutral" rating for the company in a report on Thursday, July 31st. Morgan Stanley cut their price target on shares of Old Dominion Freight Line from $170.00 to $165.00 and set an "equal weight" rating for the company in a report on Thursday, July 31st. Benchmark restated a "hold" rating and set a $102.00 price target on shares of Old Dominion Freight Line in a report on Thursday, June 12th. Truist Financial raised their price target on shares of Old Dominion Freight Line from $175.00 to $180.00 and gave the stock a "buy" rating in a report on Monday, June 30th. Finally, Stifel Nicolaus cut their price target on shares of Old Dominion Freight Line from $183.00 to $168.00 and set a "buy" rating for the company in a report on Thursday, July 31st. Eight equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $167.62.

Old Dominion Freight Line Price Performance

Shares of NASDAQ:ODFL opened at $154.48 on Wednesday. The company's fifty day moving average price is $158.38 and its 200 day moving average price is $163.94. Old Dominion Freight Line, Inc. has a 12 month low of $140.91 and a 12 month high of $233.26. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.38 and a quick ratio of 1.38. The firm has a market capitalization of $32.47 billion, a P/E ratio of 30.17, a P/E/G ratio of 3.60 and a beta of 1.24.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The transportation company reported $1.27 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.02). Old Dominion Freight Line had a return on equity of 25.94% and a net margin of 19.42%.The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the prior year, the business earned $1.48 earnings per share. Old Dominion Freight Line's revenue was down 6.1% compared to the same quarter last year. As a group, sell-side analysts predict that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current fiscal year.

Old Dominion Freight Line Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Wednesday, September 3rd. Old Dominion Freight Line's dividend payout ratio (DPR) is 21.88%.

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.

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