China Universal Asset Management Co. Ltd. Has $869,000 Holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

China Universal Asset Management Co. Ltd. lifted its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 51.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,250 shares of the transportation company's stock after buying an additional 1,776 shares during the quarter. China Universal Asset Management Co. Ltd.'s holdings in Old Dominion Freight Line were worth $869,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. American National Bank & Trust acquired a new stake in shares of Old Dominion Freight Line in the first quarter worth $30,000. Itau Unibanco Holding S.A. boosted its holdings in Old Dominion Freight Line by 518.9% in the 4th quarter. Itau Unibanco Holding S.A. now owns 229 shares of the transportation company's stock valued at $40,000 after purchasing an additional 192 shares during the period. Wayfinding Financial LLC bought a new stake in Old Dominion Freight Line in the 1st quarter valued at $39,000. Olde Wealth Management LLC bought a new stake in Old Dominion Freight Line in the 1st quarter valued at $43,000. Finally, Murphy & Mullick Capital Management Corp bought a new stake in Old Dominion Freight Line in the 4th quarter valued at $51,000. 77.82% of the stock is currently owned by institutional investors and hedge funds.

Old Dominion Freight Line Price Performance

Shares of NASDAQ:ODFL traded down $3.39 during trading on Friday, reaching $167.73. The stock had a trading volume of 1,137,576 shares, compared to its average volume of 1,651,594. Old Dominion Freight Line, Inc. has a 52 week low of $144.90 and a 52 week high of $233.26. The business's 50-day moving average price is $163.37 and its 200 day moving average price is $170.80. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.32 and a quick ratio of 1.32. The stock has a market capitalization of $35.45 billion, a PE ratio of 31.47, a P/E/G ratio of 3.49 and a beta of 1.25.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The transportation company reported $1.19 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.38 billion. During the same quarter in the previous year, the company posted $1.34 earnings per share. Old Dominion Freight Line's quarterly revenue was down 5.8% compared to the same quarter last year. As a group, equities analysts predict that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current year.

Old Dominion Freight Line Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend was Wednesday, June 4th. Old Dominion Freight Line's payout ratio is presently 21.01%.

Wall Street Analyst Weigh In

ODFL has been the subject of a number of research reports. Wells Fargo & Company increased their price target on shares of Old Dominion Freight Line from $150.00 to $160.00 and gave the company an "underweight" rating in a report on Monday. Wall Street Zen raised shares of Old Dominion Freight Line from a "sell" rating to a "hold" rating in a report on Friday, May 30th. Citigroup raised shares of Old Dominion Freight Line from a "neutral" rating to a "buy" rating and reduced their price target for the company from $186.00 to $183.00 in a report on Tuesday, April 8th. Susquehanna reduced their price target on shares of Old Dominion Freight Line from $168.00 to $160.00 and set a "neutral" rating for the company in a report on Wednesday, June 18th. Finally, Evercore ISI reduced their price objective on shares of Old Dominion Freight Line from $164.00 to $156.00 and set an "in-line" rating for the company in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, Old Dominion Freight Line currently has an average rating of "Hold" and a consensus price target of $174.45.

About Old Dominion Freight Line

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.