Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Shares Bought by RiverPark Advisors LLC

RiverPark Advisors LLC raised its holdings in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 64.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,499 shares of the transportation company's stock after buying an additional 2,545 shares during the quarter. RiverPark Advisors LLC's holdings in Old Dominion Freight Line were worth $1,146,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Whipplewood Advisors LLC purchased a new stake in shares of Old Dominion Freight Line in the fourth quarter valued at about $35,000. Synergy Asset Management LLC acquired a new stake in shares of Old Dominion Freight Line during the fourth quarter worth about $41,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Old Dominion Freight Line during the fourth quarter worth about $51,000. Versant Capital Management Inc increased its position in shares of Old Dominion Freight Line by 45.5% in the 4th quarter. Versant Capital Management Inc now owns 352 shares of the transportation company's stock valued at $62,000 after purchasing 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 fourth quarter worth $69,000. Hedge funds and other institutional investors own 77.82% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on ODFL shares. Evercore ISI reduced their price target on shares of Old Dominion Freight Line from $164.00 to $156.00 and set an "in-line" rating for the company in a research report on Thursday, April 24th. Barclays cut their price target on shares of Old Dominion Freight Line from $185.00 to $170.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. UBS Group lowered their target price 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. Citigroup upgraded shares of Old Dominion Freight Line from a "neutral" rating to a "buy" rating and lowered their price target for the company from $186.00 to $183.00 in a research report on Tuesday, April 8th. Finally, StockNews.com lowered Old Dominion Freight Line from a "hold" rating to a "sell" rating in a research note on Saturday, March 29th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $182.95.

Old Dominion Freight Line Stock Down 0.7 %

NASDAQ ODFL traded down $1.04 on Tuesday, hitting $147.96. 677,314 shares of the stock traded hands, compared to its average volume of 1,673,496. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01. The stock has a 50-day moving average of $164.25 and a 200 day moving average of $187.20. The company has a market capitalization of $31.39 billion, a P/E ratio of 26.94, a price-to-earnings-growth ratio of 2.89 and a beta of 1.25. Old Dominion Freight Line, Inc. has a twelve month low of $144.90 and a twelve month high of $233.26.

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 earnings per share for the quarter, topping analysts' consensus estimates of $1.14 by $0.05. The business had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.38 billion. Old Dominion Freight Line had a return on equity of 28.02% and a net margin of 20.40%. The business's quarterly revenue was down 5.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.34 EPS. As a group, analysts expect that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current fiscal year.

Old Dominion Freight Line Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were issued a $0.28 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $1.12 annualized dividend and a yield of 0.76%. This is an increase from Old Dominion Freight Line's previous quarterly dividend of $0.26. Old Dominion Freight Line's dividend payout ratio is presently 21.01%.

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.