Rhumbline Advisers Has $67.02 Million Stock Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Rhumbline Advisers grew its holdings in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 3.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 405,103 shares of the transportation company's stock after acquiring an additional 12,741 shares during the quarter. Rhumbline Advisers owned about 0.19% of Old Dominion Freight Line worth $67,024,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Fifth Third Wealth Advisors LLC boosted its position in Old Dominion Freight Line by 4.6% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,617 shares of the transportation company's stock worth $268,000 after acquiring an additional 71 shares during the period. GAMMA Investing LLC boosted its position in Old Dominion Freight Line by 24,499.9% during the 1st quarter. GAMMA Investing LLC now owns 514,384 shares of the transportation company's stock worth $85,105,000 after acquiring an additional 512,293 shares during the period. 111 Capital acquired a new position in Old Dominion Freight Line during the 4th quarter worth $380,000. Cim LLC boosted its position in Old Dominion Freight Line by 2.6% during the 4th quarter. Cim LLC now owns 7,056 shares of the transportation company's stock worth $1,245,000 after acquiring an additional 182 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Old Dominion Freight Line during the 4th quarter worth $39,633,000. Institutional investors and hedge funds own 77.82% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on ODFL shares. Stephens reissued an "overweight" rating and issued a $180.00 price objective (down previously from $200.00) on shares of Old Dominion Freight Line in a research note on Thursday, April 24th. The Goldman Sachs Group raised Old Dominion Freight Line from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $190.00 to $200.00 in a research note on Monday. Barclays dropped their price objective on 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. Morgan Stanley set a $185.00 price objective on Old Dominion Freight Line in a research note on Wednesday, April 2nd. Finally, Evercore ISI dropped their price objective on Old Dominion Freight Line from $164.00 to $156.00 and set an "in-line" rating on the stock in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Old Dominion Freight Line currently has a consensus rating of "Hold" and a consensus price target of $180.42.

Old Dominion Freight Line Trading Up 0.4%

ODFL traded up $0.65 during trading on Friday, reaching $160.33. The company had a trading volume of 1,232,644 shares, compared to its average volume of 1,640,656. The firm's 50-day simple moving average is $158.79 and its 200 day simple moving average is $178.20. The company has a market cap of $33.88 billion, a price-to-earnings ratio of 29.26, a PEG ratio of 2.89 and a beta of 1.26. Old Dominion Freight Line, Inc. has a 12-month low of $144.90 and a 12-month high of $233.26. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.33.

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 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.05. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.38 billion. Old Dominion Freight Line had a return on equity of 28.02% and a net margin of 20.40%. Old Dominion Freight Line's quarterly revenue was down 5.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.34 earnings per share. Equities research analysts anticipate that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current year.

Old Dominion Freight Line Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.70%. The ex-dividend date is Wednesday, June 4th. 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.