Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Shares Bought by IFM Investors Pty Ltd

IFM Investors Pty Ltd raised its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 11.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,187 shares of the transportation company's stock after buying an additional 3,780 shares during the quarter. IFM Investors Pty Ltd's holdings in Old Dominion Freight Line were worth $6,318,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the business. American National Bank & Trust acquired a new stake in Old Dominion Freight Line in the 1st quarter valued at approximately $30,000. Itau Unibanco Holding S.A. lifted its position 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 valued at $40,000 after acquiring an additional 192 shares during the period. Murphy & Mullick Capital Management Corp bought a new stake in shares of Old Dominion Freight Line during the 4th quarter valued at $51,000. CoreCap Advisors LLC raised its holdings in shares of Old Dominion Freight Line by 98.2% during the 4th quarter. CoreCap Advisors LLC now owns 339 shares of the transportation company's stock worth $60,000 after buying an additional 168 shares in the last quarter. Finally, LRI Investments LLC raised its holdings in shares of Old Dominion Freight Line by 72.0% during the 4th quarter. LRI Investments LLC now owns 368 shares of the transportation company's stock worth $65,000 after buying an additional 154 shares in the last quarter. Institutional investors and hedge funds own 77.82% of the company's stock.

Analyst Upgrades and Downgrades

ODFL has been the subject of a number of recent research reports. Wells Fargo & Company upped their target price on Old Dominion Freight Line from $150.00 to $160.00 and gave the stock an "underweight" rating in a report on Monday. JPMorgan Chase & Co. cut their target price on Old Dominion Freight Line from $158.00 to $146.00 and set a "neutral" rating on the stock in a research report on Tuesday. Wall Street Zen upgraded Old Dominion Freight Line from a "sell" rating to a "hold" rating in a research report on Friday, May 30th. UBS Group cut their target price on Old Dominion Freight Line from $196.00 to $158.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Finally, Jefferies Financial Group cut their price target on Old Dominion Freight Line from $195.00 to $165.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $174.45.

Old Dominion Freight Line Trading Up 1.8%

Shares of NASDAQ:ODFL traded up $2.90 during mid-day trading on Tuesday, reaching $167.21. 657,492 shares of the company were exchanged, compared to its average volume of 1,649,971. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.32 and a quick ratio of 1.32. The firm has a market cap of $35.34 billion, a price-to-earnings ratio of 31.37, a P/E/G ratio of 3.53 and a beta of 1.25. The firm's 50-day simple moving average is $162.31 and its 200 day simple moving average is $170.91. Old Dominion Freight Line, Inc. has a 1 year low of $144.90 and a 1 year high of $233.26.

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, beating 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 quarter last year, the company posted $1.34 EPS. The firm's revenue was down 5.8% compared to the same quarter last year. Equities research analysts forecast that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current year.

Old Dominion Freight Line Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were issued a $0.28 dividend. The ex-dividend date was Wednesday, June 4th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.67%. Old Dominion Freight Line's payout ratio is 21.01%.

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.