Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Stock Holdings Increased by Flossbach Von Storch SE

Flossbach Von Storch SE lifted its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 2.8% in the 1st quarter, according to its most recent disclosure 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 0.18% of Old Dominion Freight Line worth $61,664,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Lido Advisors LLC grew its position in shares of Old Dominion Freight Line by 3.2% during the fourth quarter. Lido Advisors LLC now owns 1,929 shares of the transportation company's stock worth $340,000 after acquiring an additional 59 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its position in Old Dominion Freight Line by 5.5% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,169 shares of the transportation company's stock valued at $206,000 after buying an additional 61 shares in the last quarter. Integrated Wealth Concepts LLC grew its position in Old Dominion Freight Line by 1.4% in the 4th quarter. Integrated Wealth Concepts LLC now owns 4,531 shares of the transportation company's stock valued at $799,000 after buying an additional 63 shares in the last quarter. Benjamin Edwards Inc. grew its position in Old Dominion Freight Line by 3.0% in the 4th quarter. Benjamin Edwards Inc. now owns 2,297 shares of the transportation company's stock valued at $405,000 after buying an additional 67 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC grew its position in Old Dominion Freight Line by 4.6% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,617 shares of the transportation company's stock valued at $268,000 after buying an additional 71 shares in the last quarter. Institutional investors own 77.82% of the company's stock.

Old Dominion Freight Line Trading Up 1.9%

Shares of ODFL traded up $3.11 during midday trading on Thursday, hitting $171.12. The stock had a trading volume of 1,262,318 shares, compared to its average volume of 1,653,650. Old Dominion Freight Line, Inc. has a fifty-two week low of $144.90 and a fifty-two week high of $233.26. The business has a 50-day simple moving average of $163.37 and a two-hundred day simple moving average of $170.80. The firm has a market cap of $36.16 billion, a P/E ratio of 32.11, a price-to-earnings-growth ratio of 3.49 and a beta of 1.25. 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 announced its earnings results on Wednesday, April 23rd. The transportation company reported $1.19 EPS for the quarter, topping the consensus estimate 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 period last year, the company posted $1.34 earnings per share. The business's revenue for the quarter was down 5.8% on a year-over-year basis. As a group, equities analysts forecast that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current year.

Old Dominion Freight Line Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date was Wednesday, June 4th. Old Dominion Freight Line's dividend payout ratio (DPR) is 21.01%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ODFL shares. Stephens reiterated an "overweight" rating and issued a $180.00 target price (down previously from $200.00) on shares of Old Dominion Freight Line in a research report on Thursday, April 24th. Baird R W upgraded shares of Old Dominion Freight Line to a "hold" rating in a research report on Tuesday, July 1st. Evercore ISI decreased 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. Wells Fargo & Company increased 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 report on Monday. Finally, Jefferies Financial Group decreased their target price on shares of Old Dominion Freight Line from $195.00 to $165.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. One investment 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. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $174.45.

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.