Dimensional Fund Advisors LP Has $219.02 Million Holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Dimensional Fund Advisors LP increased its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 12.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,241,553 shares of the transportation company's stock after acquiring an additional 141,612 shares during the period. Dimensional Fund Advisors LP owned about 0.58% of Old Dominion Freight Line worth $219,020,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of ODFL. Hantz Financial Services Inc. raised its stake in shares of Old Dominion Freight Line by 3.6% during the 4th quarter. Hantz Financial Services Inc. now owns 1,568 shares of the transportation company's stock worth $277,000 after purchasing an additional 55 shares in the last quarter. D.A. Davidson & CO. increased its holdings in Old Dominion Freight Line by 1.9% in the fourth quarter. D.A. Davidson & CO. now owns 2,888 shares of the transportation company's stock worth $509,000 after buying an additional 55 shares during the last quarter. Evergreen Private Wealth LLC raised its position in Old Dominion Freight Line by 0.9% during the fourth quarter. Evergreen Private Wealth LLC now owns 6,651 shares of the transportation company's stock valued at $1,173,000 after acquiring an additional 59 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its stake in Old Dominion Freight Line by 5.5% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,169 shares of the transportation company's stock valued at $206,000 after acquiring an additional 61 shares during the last quarter. Finally, Kestra Private Wealth Services LLC grew its position in Old Dominion Freight Line by 0.7% in the fourth quarter. Kestra Private Wealth Services LLC now owns 9,454 shares of the transportation company's stock worth $1,668,000 after acquiring an additional 62 shares in the last quarter. Institutional investors and hedge funds own 77.82% of the company's stock.

Old Dominion Freight Line Stock Performance

Shares of ODFL stock traded down $0.00 during mid-day trading on Monday, reaching $146.74. The stock had a trading volume of 610,433 shares, compared to its average volume of 1,669,572. Old Dominion Freight Line, Inc. has a one year low of $144.90 and a one year high of $233.26. The firm has a market cap of $31.13 billion, a PE ratio of 26.85, a P/E/G ratio of 2.89 and a beta of 1.25. The firm's 50 day simple moving average is $165.37 and its 200 day simple moving average is $187.56. 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 (NASDAQ:ODFL - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The transportation company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.15 by $0.04. Old Dominion Freight Line had a return on equity of 28.02% and a net margin of 20.40%. The firm had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.38 billion. On average, analysts forecast that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current year.

Old Dominion Freight Line Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.28 per share. This is a positive change from Old Dominion Freight Line's previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a dividend yield of 0.76%. The ex-dividend date was Wednesday, March 5th. Old Dominion Freight Line's payout ratio is 21.01%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Barclays reduced their price objective on shares of Old Dominion Freight Line from $185.00 to $170.00 and set an "equal weight" rating for the company in a research note on Thursday. Citigroup raised Old Dominion Freight Line from a "neutral" rating to a "buy" rating and reduced their price target for the stock from $186.00 to $183.00 in a research report on Tuesday, April 8th. Jefferies Financial Group lowered their price objective on Old Dominion Freight Line from $195.00 to $165.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. StockNews.com cut Old Dominion Freight Line from a "hold" rating to a "sell" rating in a research report on Saturday, March 29th. Finally, Raymond James set a $185.00 price target on shares of Old Dominion Freight Line and gave the company an "outperform" rating in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $182.95.

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.