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Flossbach Von Storch SE Buys 9,999 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Old Dominion Freight Line logo with Transportation background

Flossbach Von Storch SE grew its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 2.8% in the first quarter, according to its most recent filing with the SEC. The fund owned 372,705 shares of the transportation company's stock after acquiring an additional 9,999 shares during the period. Flossbach Von Storch SE owned about 0.18% of Old Dominion Freight Line worth $61,664,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. M&T Bank Corp lifted its position in shares of Old Dominion Freight Line by 2.3% during the 1st quarter. M&T Bank Corp now owns 25,079 shares of the transportation company's stock valued at $4,149,000 after acquiring an additional 553 shares during the last quarter. Values First Advisors Inc. lifted its position in shares of Old Dominion Freight Line by 13.9% during the 1st quarter. Values First Advisors Inc. now owns 6,436 shares of the transportation company's stock valued at $1,064,000 after acquiring an additional 786 shares during the last quarter. Brown Advisory Inc. lifted its position in shares of Old Dominion Freight Line by 272.0% during the 1st quarter. Brown Advisory Inc. now owns 268,516 shares of the transportation company's stock valued at $44,426,000 after acquiring an additional 196,336 shares during the last quarter. China Universal Asset Management Co. Ltd. lifted its position in shares of Old Dominion Freight Line by 51.1% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 5,250 shares of the transportation company's stock valued at $869,000 after acquiring an additional 1,776 shares during the last quarter. Finally, Financial Counselors Inc. lifted its position in shares of Old Dominion Freight Line by 3.1% during the 1st quarter. Financial Counselors Inc. now owns 41,202 shares of the transportation company's stock valued at $6,817,000 after acquiring an additional 1,241 shares during the last quarter. Institutional investors and hedge funds own 77.82% of the company's stock.

Wall Street Analyst Weigh In

ODFL has been the topic of several recent analyst reports. Susquehanna cut their target price on shares of Old Dominion Freight Line from $168.00 to $160.00 and set a "neutral" rating on the stock in a research note on Wednesday, June 18th. Raymond James Financial set a $185.00 target price on shares of Old Dominion Freight Line and gave the company an "outperform" rating in a research note on Thursday, April 24th. JPMorgan Chase & Co. cut their target price on shares of Old Dominion Freight Line from $158.00 to $146.00 and set a "neutral" rating on the stock in a research note on Tuesday. Barclays cut their target price on shares of Old Dominion Freight Line from $185.00 to $170.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Finally, Wells Fargo & Company boosted their target price on shares of Old Dominion Freight Line from $150.00 to $160.00 and gave the company an "underweight" rating in a research note on Monday, July 7th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $174.45.

Check Out Our Latest Stock Analysis on ODFL

Old Dominion Freight Line Stock Down 2.0%

Shares of NASDAQ ODFL traded down $3.39 during mid-day trading on Friday, reaching $167.73. The company had a trading volume of 1,137,576 shares, compared to its average volume of 1,651,017. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.32 and a current ratio of 1.32. The stock has a market capitalization of $35.44 billion, a PE ratio of 31.47, a price-to-earnings-growth ratio of 3.48 and a beta of 1.25. Old Dominion Freight Line, Inc. has a twelve month low of $144.90 and a twelve month high of $233.26. The stock's 50 day moving average is $163.56 and its 200-day moving average is $170.63.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.05. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.38 billion. Old Dominion Freight Line had a return on equity of 27.40% and a net margin of 20.04%. The firm's revenue was down 5.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.34 EPS. As a group, equities analysts anticipate 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 was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $1.12 annualized dividend and a dividend yield of 0.67%. Old Dominion Freight Line's dividend payout ratio (DPR) is presently 21.01%.

About Old Dominion Freight Line

(Free Report)

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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Institutional Ownership by Quarter for Old Dominion Freight Line (NASDAQ:ODFL)

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