UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $222.72 Million Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 5.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,262,570 shares of the transportation company's stock after selling 67,256 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.59% of Old Dominion Freight Line worth $222,717,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. AustralianSuper Pty Ltd bought a new stake in Old Dominion Freight Line in the 4th quarter valued at about $128,221,000. Blueshift Asset Management LLC acquired a new position in Old Dominion Freight Line during the 4th quarter valued at about $630,000. Ameriprise Financial Inc. increased its stake in Old Dominion Freight Line by 2.9% during the 4th quarter. Ameriprise Financial Inc. now owns 1,267,640 shares of the transportation company's stock valued at $223,281,000 after buying an additional 35,778 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Old Dominion Freight Line by 10.1% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 22,370 shares of the transportation company's stock valued at $3,946,000 after buying an additional 2,053 shares during the period. Finally, Vest Financial LLC increased its stake in Old Dominion Freight Line by 27.4% during the 4th quarter. Vest Financial LLC now owns 177,848 shares of the transportation company's stock valued at $31,372,000 after buying an additional 38,253 shares during the period. 77.82% of the stock is currently owned by institutional investors.

Old Dominion Freight Line Trading Down 0.4%

Shares of Old Dominion Freight Line stock traded down $0.65 during trading on Wednesday, hitting $163.57. The stock had a trading volume of 311,438 shares, compared to its average volume of 1,662,366. The stock has a 50 day simple moving average of $159.80 and a 200 day simple moving average of $181.24. The company has a market capitalization of $34.57 billion, a PE ratio of 29.88, a P/E/G ratio of 2.89 and a beta of 1.31. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.01. 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 posted its quarterly 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. The business 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 20.40% and a return on equity of 28.02%. The firm's quarterly revenue was down 5.8% compared to the same quarter last year. During the same period last year, the company posted $1.34 earnings per share. On average, research 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 business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend is Wednesday, June 4th. Old Dominion Freight Line's dividend payout ratio is currently 21.01%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Bank of America raised their target price on shares of Old Dominion Freight Line from $167.00 to $183.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Wells Fargo & Company set a $150.00 target price on shares of Old Dominion Freight Line and gave the company an "underweight" rating in a research note on Thursday, April 24th. Stephens reissued an "overweight" rating and set a $180.00 target price (down previously from $200.00) on shares of Old Dominion Freight Line in a research note on Thursday, April 24th. Barclays lowered 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, Truist Financial lowered their price objective on shares of Old Dominion Freight Line from $220.00 to $175.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $182.26.

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.