DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Raises Stock Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 11.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 490,759 shares of the transportation company's stock after acquiring an additional 52,261 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned approximately 0.23% of Old Dominion Freight Line worth $86,570,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank acquired a new position in Old Dominion Freight Line during the 4th quarter worth $494,916,000. T. Rowe Price Investment Management Inc. raised its position in shares of Old Dominion Freight Line by 1,575.9% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,447,784 shares of the transportation company's stock valued at $255,390,000 after buying an additional 1,361,397 shares during the last quarter. AustralianSuper Pty Ltd bought a new stake in Old Dominion Freight Line in the fourth quarter valued at about $128,221,000. Raymond James Financial Inc. bought a new stake in Old Dominion Freight Line in the fourth quarter valued at about $114,449,000. Finally, Thrivent Financial for Lutherans increased its position in shares of Old Dominion Freight Line by 92.3% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,195,331 shares of the transportation company's stock worth $210,856,000 after purchasing an additional 573,586 shares in the last quarter. 77.82% of the stock is currently owned by institutional investors.

Old Dominion Freight Line Trading Down 1.8%

ODFL traded down $3.12 during trading hours on Tuesday, reaching $172.95. The company's stock had a trading volume of 903,684 shares, compared to its average volume of 1,683,462. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.33 and a quick ratio of 1.33. The stock has a market cap of $36.55 billion, a PE ratio of 31.56, a P/E/G ratio of 2.89 and a beta of 1.31. The business's 50-day moving average is $159.87 and its 200-day moving average is $184.32. Old Dominion Freight Line, Inc. has a fifty-two week low of $144.90 and a fifty-two week high of $233.26.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last issued its quarterly earnings results 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. Old Dominion Freight Line had a net margin of 20.40% and a return on equity of 28.02%. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the previous year, the firm earned $1.34 earnings per share. The firm's quarterly revenue was down 5.8% on a year-over-year basis. As a group, equities research analysts predict that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ODFL has been the topic of a number of recent research reports. Barclays reduced their price objective on shares of 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. Stephens reaffirmed an "overweight" rating and issued a $180.00 price objective (down from $200.00) on shares of Old Dominion Freight Line in a research report on Thursday, April 24th. Stifel Nicolaus cut their price objective on shares of Old Dominion Freight Line from $188.00 to $175.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Wells Fargo & Company set a $150.00 price target on shares of Old Dominion Freight Line and gave the company an "underweight" rating in a research note on Thursday, April 24th. Finally, StockNews.com downgraded shares of Old Dominion Freight Line from a "hold" rating to a "sell" rating in a report on Saturday, March 29th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Old Dominion Freight Line presently has an average rating of "Hold" and a consensus price target of $183.37.

Old Dominion Freight Line 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.