Schonfeld Strategic Advisors LLC Lowers Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Schonfeld Strategic Advisors LLC reduced its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 30.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 30,315 shares of the transportation company's stock after selling 13,272 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Old Dominion Freight Line were worth $5,348,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC acquired a new stake in shares of Old Dominion Freight Line in the fourth quarter valued at $35,000. Synergy Asset Management LLC purchased a new stake in shares of Old Dominion Freight Line during the fourth quarter worth $41,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Old Dominion Freight Line in the fourth quarter valued at $51,000. Versant Capital Management Inc boosted its stake 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 buying an additional 110 shares during the period. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of Old Dominion Freight Line during the fourth quarter worth about $69,000. Institutional investors and hedge funds own 77.82% of the company's stock.

Old Dominion Freight Line Stock Performance

Shares of ODFL opened at $158.01 on Friday. The stock has a market capitalization of $33.52 billion, a P/E ratio of 28.83, a P/E/G ratio of 2.89 and a beta of 1.25. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.33. Old Dominion Freight Line, Inc. has a 1 year low of $144.90 and a 1 year high of $233.26. The company's fifty day moving average is $161.69 and its two-hundred day moving average is $186.05.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $1.19 earnings per share for the quarter, beating analysts' consensus estimates 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 return on equity of 28.02% and a net margin of 20.40%. The firm's revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.34 EPS. On average, sell-side analysts predict that Old Dominion Freight Line, Inc. will post 5.68 earnings per share 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. Shareholders of record on Wednesday, March 5th were issued a $0.28 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.12 dividend on an annualized basis and a yield of 0.71%. This is an increase from Old Dominion Freight Line's previous quarterly dividend of $0.26. Old Dominion Freight Line's dividend payout ratio (DPR) is 21.01%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ODFL. Stifel Nicolaus decreased their price target on shares of Old Dominion Freight Line from $188.00 to $175.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. StockNews.com downgraded Old Dominion Freight Line from a "hold" rating to a "sell" rating in a report on Saturday, March 29th. Stephens reiterated an "overweight" rating and issued a $180.00 price objective (down previously from $200.00) on shares of Old Dominion Freight Line in a report on Thursday, April 24th. Evercore ISI reduced their price objective 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. Finally, Barclays dropped their target price 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 report on Thursday, April 24th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $183.37.

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.

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