Geode Capital Management LLC Has $870.31 Million Stock Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Geode Capital Management LLC increased its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 2.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,927,383 shares of the transportation company's stock after purchasing an additional 96,410 shares during the period. Geode Capital Management LLC owned 2.31% of Old Dominion Freight Line worth $870,311,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Whipplewood Advisors LLC acquired a new stake in Old Dominion Freight Line in the fourth quarter worth about $35,000. Synergy Asset Management LLC bought a new stake in Old Dominion Freight Line in the fourth quarter valued at about $41,000. Murphy & Mullick Capital Management Corp acquired a new position in Old Dominion Freight Line in the fourth quarter valued at about $51,000. Versant Capital Management Inc boosted its holdings in Old Dominion Freight Line by 45.5% during the fourth quarter. Versant Capital Management Inc now owns 352 shares of the transportation company's stock worth $62,000 after buying an additional 110 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of Old Dominion Freight Line during the 4th quarter worth about $69,000. Institutional investors and hedge funds own 77.82% of the company's stock.

Analysts Set New Price Targets

ODFL has been the topic of several recent analyst reports. Stephens reissued an "overweight" rating and set a $240.00 price objective on shares of Old Dominion Freight Line in a research note on Thursday, February 6th. Stifel Nicolaus raised shares of Old Dominion Freight Line from a "hold" rating to a "buy" rating and boosted their price target for the company from $193.00 to $200.00 in a report on Monday, February 24th. The Goldman Sachs Group upped their price objective on shares of Old Dominion Freight Line from $213.00 to $235.00 and gave the company a "neutral" rating in a research report on Thursday, December 12th. Bank of America dropped their price target on Old Dominion Freight Line from $237.00 to $204.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Old Dominion Freight Line in a research note on Friday, March 7th. They set a "buy" rating and a $236.00 target price for the company. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $200.45.

Old Dominion Freight Line Stock Performance

NASDAQ:ODFL traded down $1.26 during mid-day trading on Monday, hitting $150.80. The stock had a trading volume of 1,107,966 shares, compared to its average volume of 1,644,389. Old Dominion Freight Line, Inc. has a twelve month low of $144.76 and a twelve 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. The stock has a market cap of $32.05 billion, a price-to-earnings ratio of 27.33, a PEG ratio of 2.89 and a beta of 1.25. The company's 50 day simple moving average is $179.81 and its 200 day simple moving average is $192.48.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last posted its earnings results on Wednesday, February 5th. The transportation company reported $1.23 earnings per share for the quarter, topping analysts' consensus estimates of $1.17 by $0.06. Old Dominion Freight Line had a return on equity of 28.02% and a net margin of 20.40%. On average, equities research analysts forecast that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current year.

Old Dominion Freight Line Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were paid a $0.28 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $1.12 dividend on an annualized basis and a yield of 0.74%. This is a positive change from Old Dominion Freight Line's previous quarterly dividend of $0.26. Old Dominion Freight Line's dividend payout ratio is 18.98%.

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.