Toronto Dominion Bank Has $18.98 Million Stock Holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Toronto Dominion Bank lifted its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 9.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 107,584 shares of the transportation company's stock after buying an additional 9,523 shares during the period. Toronto Dominion Bank owned approximately 0.05% of Old Dominion Freight Line worth $18,978,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ODFL. AustralianSuper Pty Ltd acquired a new stake in Old Dominion Freight Line in the 4th quarter valued at $128,221,000. Blueshift Asset Management LLC purchased a new position in Old Dominion Freight Line in the 4th quarter valued at about $630,000. Ameriprise Financial Inc. boosted its position in Old Dominion Freight Line by 2.9% in 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 last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Old Dominion Freight Line by 10.1% in 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 last quarter. Finally, Vest Financial LLC boosted its position in Old Dominion Freight Line by 27.4% in 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 last quarter. 77.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on ODFL. JPMorgan Chase & Co. decreased their price objective on shares of Old Dominion Freight Line from $174.00 to $158.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Bank of America increased their price target on shares of Old Dominion Freight Line from $167.00 to $183.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Jefferies Financial Group reduced their price target on shares of Old Dominion Freight Line from $195.00 to $165.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. UBS Group reduced their price target on shares of 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, Wall Street Zen raised shares of Old Dominion Freight Line from a "sell" rating to a "hold" rating in a research report on Friday. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $182.26.

Old Dominion Freight Line Stock Down 1.4%

NASDAQ ODFL traded down $2.29 on Friday, reaching $159.72. The stock had a trading volume of 2,898,004 shares, compared to its average volume of 1,658,721. The business has a 50 day moving average price of $159.43 and a 200 day moving average price of $179.55. The company has a current ratio of 1.33, a quick 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. The company has a market capitalization of $33.75 billion, a price-to-earnings ratio of 29.15, a P/E/G ratio of 2.89 and a beta of 1.31.

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 20.40% and a return on equity of 28.02%. 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. On average, analysts forecast that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current fiscal year.

Old Dominion Freight Line Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Wednesday, June 4th. Old Dominion Freight Line's dividend payout ratio is presently 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.