Czech National Bank Acquires 2,416 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Czech National Bank increased its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 5.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 43,152 shares of the transportation company's stock after purchasing an additional 2,416 shares during the quarter. Czech National Bank's holdings in Old Dominion Freight Line were worth $7,139,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Whipplewood Advisors LLC acquired a new stake in shares of Old Dominion Freight Line in the fourth quarter valued at approximately $35,000. Itau Unibanco Holding S.A. boosted 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 period. Murphy & Mullick Capital Management Corp bought a new stake in shares of Old Dominion Freight Line in the fourth quarter valued at about $51,000. CoreCap Advisors LLC raised its stake in Old Dominion Freight Line by 98.2% in the 4th quarter. CoreCap Advisors LLC now owns 339 shares of the transportation company's stock worth $60,000 after purchasing an additional 168 shares in the last quarter. Finally, LRI Investments LLC boosted its holdings in Old Dominion Freight Line by 72.0% in the 4th quarter. LRI Investments LLC now owns 368 shares of the transportation company's stock valued at $65,000 after purchasing an additional 154 shares during the period. 77.82% of the stock is currently owned by institutional investors and hedge funds.

Old Dominion Freight Line Trading Down 1.1%

Shares of ODFL traded down $1.81 during mid-day trading on Thursday, reaching $159.68. 1,316,386 shares of the company were exchanged, compared to its average volume of 1,646,152. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.33. The stock has a market capitalization of $33.74 billion, a PE ratio of 29.14, a PEG ratio of 2.89 and a beta of 1.31. The business has a 50 day simple moving average of $159.04 and a two-hundred day simple moving average of $178.93. 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 announced its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.05. The business 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 20.40% and a return on equity of 28.02%. The firm's revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.34 EPS. On average, analysts predict that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current fiscal year.

Old Dominion Freight Line Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be given a dividend of $0.28 per share. The ex-dividend date is Wednesday, June 4th. This represents a $1.12 annualized dividend and a yield of 0.70%. Old Dominion Freight Line's payout ratio is currently 21.01%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Stephens reaffirmed an "overweight" rating and set a $180.00 target price (down from $200.00) on shares of Old Dominion Freight Line in a report on Thursday, April 24th. Morgan Stanley set a $185.00 price objective on Old Dominion Freight Line in a report on Wednesday, April 2nd. Wells Fargo & Company set a $150.00 target price on Old Dominion Freight Line and gave the company an "underweight" rating in a research report on Thursday, April 24th. Truist Financial decreased their price target on Old Dominion Freight Line from $220.00 to $175.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Finally, Evercore ISI dropped their target price 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. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $180.42.

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.