Flossbach Von Storch SE increased its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 2.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 372,705 shares of the transportation company's stock after purchasing an additional 9,999 shares during the period. Flossbach Von Storch SE owned 0.18% of Old Dominion Freight Line worth $61,664,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. M&T Bank Corp increased its holdings in shares of Old Dominion Freight Line by 2.3% in the first quarter. M&T Bank Corp now owns 25,079 shares of the transportation company's stock valued at $4,149,000 after buying an additional 553 shares in the last quarter. Values First Advisors Inc. increased its holdings in shares of Old Dominion Freight Line by 13.9% in the first quarter. Values First Advisors Inc. now owns 6,436 shares of the transportation company's stock valued at $1,064,000 after buying an additional 786 shares in the last quarter. Brown Advisory Inc. increased its holdings in shares of Old Dominion Freight Line by 272.0% in the first quarter. Brown Advisory Inc. now owns 268,516 shares of the transportation company's stock valued at $44,426,000 after buying an additional 196,336 shares in the last quarter. China Universal Asset Management Co. Ltd. increased its holdings in shares of Old Dominion Freight Line by 51.1% in the first quarter. China Universal Asset Management Co. Ltd. now owns 5,250 shares of the transportation company's stock valued at $869,000 after buying an additional 1,776 shares in the last quarter. Finally, Financial Counselors Inc. increased its holdings in shares of Old Dominion Freight Line by 3.1% in the first quarter. Financial Counselors Inc. now owns 41,202 shares of the transportation company's stock valued at $6,817,000 after buying an additional 1,241 shares in the last quarter. Institutional investors own 77.82% of the company's stock.
Wall Street Analyst Weigh In
ODFL has been the topic of several research reports. Evercore ISI dropped their price target on Old Dominion Freight Line from $164.00 to $156.00 and set an "in-line" rating on the stock in a report on Thursday, April 24th. Wells Fargo & Company upped their price target on Old Dominion Freight Line from $150.00 to $160.00 and gave the company an "underweight" rating in a report on Monday. Morgan Stanley set a $185.00 price objective on shares of Old Dominion Freight Line in a research report on Wednesday, April 2nd. Raymond James Financial set a $185.00 price objective on shares of Old Dominion Freight Line and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Finally, Barclays lowered their price objective 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 report on Thursday, April 24th. 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 stock. According to data from MarketBeat, Old Dominion Freight Line presently has an average rating of "Hold" and a consensus price target of $174.45.
View Our Latest Analysis on Old Dominion Freight Line
Old Dominion Freight Line Trading Up 1.9%
Shares of NASDAQ:ODFL opened at $167.38 on Wednesday. The stock has a market capitalization of $35.37 billion, a PE ratio of 31.40, a P/E/G ratio of 3.39 and a beta of 1.25. Old Dominion Freight Line, Inc. has a 1 year low of $144.90 and a 1 year high of $233.26. The firm has a fifty day moving average price of $162.66 and a 200 day moving average price of $170.88. 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 data on Wednesday, April 23rd. The transportation company reported $1.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.14 by $0.05. The firm had revenue of $1.37 billion during 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 revenue for the quarter was down 5.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.34 earnings per share. Analysts expect that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current fiscal year.
Old Dominion Freight Line Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend was Wednesday, June 4th. Old Dominion Freight Line's dividend payout ratio is 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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