Universal Beteiligungs und Servicegesellschaft mbH Acquires Shares of 224,677 Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 224,677 shares of the transportation company's stock, valued at approximately $39,633,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.11% of Old Dominion Freight Line as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Jefferies Financial Group Inc. purchased a new stake in Old Dominion Freight Line in the fourth quarter valued at $1,127,000. Challenger Wealth Management purchased a new stake in Old Dominion Freight Line in the 4th quarter valued at about $233,000. Value Partners Investments Inc. lifted its position in Old Dominion Freight Line by 2.4% in the fourth quarter. Value Partners Investments Inc. now owns 11,875 shares of the transportation company's stock valued at $2,093,000 after buying an additional 277 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Old Dominion Freight Line by 2.8% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 541,540 shares of the transportation company's stock worth $95,528,000 after buying an additional 14,883 shares during the period. Finally, Mackenzie Financial Corp boosted its stake in Old Dominion Freight Line by 10.3% during the fourth quarter. Mackenzie Financial Corp now owns 19,187 shares of the transportation company's stock worth $3,385,000 after buying an additional 1,796 shares during the period. Hedge funds and other institutional investors own 77.82% of the company's stock.

Old Dominion Freight Line Stock Down 1.4%

Shares of ODFL traded down $2.29 during mid-day trading on Friday, reaching $159.72. The company's stock had a trading volume of 2,898,004 shares, compared to its average volume of 1,662,709. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.33 and a quick ratio of 1.33. Old Dominion Freight Line, Inc. has a 12-month low of $144.90 and a 12-month high of $233.26. The stock has a market cap of $33.75 billion, a PE ratio of 29.15, a price-to-earnings-growth ratio of 2.89 and a beta of 1.31. The company's 50 day moving average is $159.43 and its 200 day moving average is $180.17.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last announced 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. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates 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 revenue was down 5.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.34 earnings per share. Equities analysts anticipate that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current fiscal year.

Old Dominion Freight Line Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $1.12 annualized dividend and a yield of 0.70%. Old Dominion Freight Line's dividend payout ratio is presently 21.01%.

Wall Street Analysts Forecast Growth

ODFL has been the topic of several recent analyst reports. 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 on the stock in a report on Thursday, April 24th. Deutsche Bank Aktiengesellschaft began coverage on Old Dominion Freight Line in a research note on Friday, March 7th. They set a "buy" rating and a $236.00 price target on the stock. Bank of America lifted their price objective on 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. Barclays decreased their target price 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. Finally, Evercore ISI lowered their target price on Old Dominion Freight Line from $164.00 to $156.00 and set an "in-line" rating for the company in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Old Dominion Freight Line has a consensus rating of "Hold" and a consensus price target of $182.26.

About Old Dominion Freight Line

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.