Markel Group Inc. Increases Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Markel Group Inc. increased its holdings in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 4.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 313,200 shares of the transportation company's stock after buying an additional 12,500 shares during the quarter. Markel Group Inc. owned 0.15% of Old Dominion Freight Line worth $51,819,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Larson Financial Group LLC increased its position in shares of Old Dominion Freight Line by 234.8% in the first quarter. Larson Financial Group LLC now owns 154 shares of the transportation company's stock valued at $25,000 after acquiring an additional 108 shares during the last quarter. American National Bank & Trust bought a new stake in shares of Old Dominion Freight Line during the 1st quarter worth about $30,000. Wayfinding Financial LLC acquired a new position in shares of Old Dominion Freight Line in the first quarter valued at approximately $39,000. Itau Unibanco Holding S.A. increased its stake in shares of Old Dominion Freight Line by 518.9% during the fourth quarter. Itau Unibanco Holding S.A. now owns 229 shares of the transportation company's stock worth $40,000 after purchasing an additional 192 shares during the period. Finally, Olde Wealth Management LLC acquired a new position in shares of Old Dominion Freight Line during the 1st quarter worth approximately $43,000. Institutional investors own 77.82% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on ODFL. Stephens reissued 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. Benchmark reissued a "hold" rating and set a $102.00 target price on shares of Old Dominion Freight Line in a research note on Thursday, June 12th. 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 report on Thursday, April 24th. Robert W. Baird initiated coverage on shares of Old Dominion Freight Line in a report on Tuesday, July 1st. They set a "neutral" rating and a $164.00 target price on the stock. Finally, UBS Group reduced their price objective on shares of Old Dominion Freight Line from $196.00 to $158.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Old Dominion Freight Line has an average rating of "Hold" and a consensus price target of $174.45.

Old Dominion Freight Line Stock Down 0.1%

Shares of NASDAQ:ODFL traded down $0.14 during mid-day trading on Friday, hitting $162.09. 1,548,679 shares of the company traded hands, compared to its average volume of 1,642,091. The stock has a market cap of $34.25 billion, a P/E ratio of 30.41, a P/E/G ratio of 3.26 and a beta of 1.25. The stock has a 50-day moving average price of $164.13 and a two-hundred day moving average price of $170.08. Old Dominion Freight Line, Inc. has a 12-month low of $144.90 and a 12-month 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.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $1.19 EPS for the quarter, topping analysts' consensus estimates of $1.14 by $0.05. Old Dominion Freight Line had a return on equity of 27.40% and a net margin of 20.04%. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period last 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. On average, equities research analysts forecast that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current year.

Old Dominion Freight Line Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend was Wednesday, June 4th. Old Dominion Freight Line's payout ratio is currently 21.01%.

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.