Stifel Financial Corp Boosts Stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Stifel Financial Corp raised its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 3.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 353,067 shares of the transportation company's stock after acquiring an additional 12,898 shares during the period. Stifel Financial Corp owned about 0.17% of Old Dominion Freight Line worth $62,283,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Whipplewood Advisors LLC bought a new position in shares of Old Dominion Freight Line during the fourth quarter valued at about $35,000. Synergy Asset Management LLC purchased a new stake in Old Dominion Freight Line in the 4th quarter valued at about $41,000. Murphy & Mullick Capital Management Corp bought a new position in shares of Old Dominion Freight Line during the 4th quarter worth approximately $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 worth $62,000 after buying an additional 110 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new position in shares of Old Dominion Freight Line in the fourth quarter valued at approximately $69,000. 77.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ODFL. Wells Fargo & Company set a $150.00 price target on Old Dominion Freight Line and gave the stock an "underweight" rating in a report on Thursday. Jefferies Financial Group lowered their target price on Old Dominion Freight Line from $195.00 to $165.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Truist Financial reduced their price target on shares of Old Dominion Freight Line from $220.00 to $175.00 and set a "buy" rating for the company in a research report on Thursday. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Old Dominion Freight Line in a research report on Friday, March 7th. They issued a "buy" rating and a $236.00 price objective on the stock. Finally, Barclays decreased 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 research note 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, Old Dominion Freight Line currently has a consensus rating of "Hold" and an average target price of $182.95.

Old Dominion Freight Line Price Performance

NASDAQ:ODFL traded down $0.43 during trading hours on Monday, hitting $146.31. The stock had a trading volume of 927,031 shares, compared to its average volume of 1,670,487. The company has a 50 day simple moving average of $165.37 and a two-hundred day simple moving average of $187.56. The firm has a market capitalization of $31.04 billion, a price-to-earnings ratio of 26.66, 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 current ratio of 1.33 and a quick ratio of 1.33. Old Dominion Freight Line, Inc. has a one year low of $144.90 and a one year high of $233.26.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $1.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.38 billion. Research analysts forecast 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 firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.28 per share. This is a positive change from Old Dominion Freight Line's previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.12 annualized dividend and a dividend yield of 0.77%. Old Dominion Freight Line's payout ratio is presently 21.01%.

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.