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

China Universal Asset Management Co. Ltd. raised its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 51.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,250 shares of the transportation company's stock after buying an additional 1,776 shares during the period. 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 hedge funds also recently modified their holdings of the company. American National Bank & Trust bought a new position in Old Dominion Freight Line in the first quarter valued at approximately $30,000. Wayfinding Financial LLC bought a new position in Old Dominion Freight Line in the first quarter valued at approximately $39,000. Itau Unibanco Holding S.A. boosted 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 valued at $40,000 after acquiring an additional 192 shares during the last quarter. Olde Wealth Management LLC bought a new position in Old Dominion Freight Line in the first quarter valued at approximately $43,000. Finally, Murphy & Mullick Capital Management Corp bought a new position in shares of Old Dominion Freight Line during the fourth quarter worth $51,000. Institutional investors and hedge funds own 77.82% of the company's stock.

Analyst Ratings Changes

ODFL has been the topic of a number of recent analyst reports. Raymond James Financial set a $185.00 price target on shares of Old Dominion Freight Line and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Benchmark reissued a "hold" rating and set a $102.00 price target on shares of Old Dominion Freight Line in a research report on Thursday, June 12th. Morgan Stanley set a $185.00 price target on shares of Old Dominion Freight Line in a research report on Wednesday, April 2nd. Truist Financial lifted 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 research report on Monday, June 30th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Old Dominion Freight Line from $158.00 to $146.00 and set a "neutral" rating on the stock in a research report on Tuesday. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $174.45.

Old Dominion Freight Line Stock Up 0.4%

Shares of Old Dominion Freight Line stock traded up $0.63 during trading hours on Wednesday, reaching $168.01. 896,589 shares of the company's stock were exchanged, compared to its average volume of 1,652,249. The company has a 50 day moving average of $162.66 and a two-hundred day moving average of $170.88. Old Dominion Freight Line, Inc. has a fifty-two week low of $144.90 and a fifty-two week high of $233.26. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.01. The stock has a market cap of $35.50 billion, a P/E ratio of 31.52, a P/E/G ratio of 3.39 and a beta of 1.25.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last issued 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. The company had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.38 billion. Old Dominion Freight Line had a net margin of 20.04% and a return on equity of 27.40%. Old Dominion Freight Line's quarterly revenue was down 5.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.34 EPS. On average, sell-side analysts forecast that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current fiscal year.

Old Dominion Freight Line Announces Dividend

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

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.