Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Shares Bought by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG boosted its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 10.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 136,667 shares of the transportation company’s stock after purchasing an additional 13,292 shares during the quarter. B. Metzler seel. Sohn & Co. AG owned about 0.06% of Old Dominion Freight Line worth $24,132,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ODFL. Meeder Asset Management Inc. boosted its position in shares of Old Dominion Freight Line by 1,843.2% during the fourth quarter. Meeder Asset Management Inc. now owns 719 shares of the transportation company’s stock worth $127,000 after buying an additional 682 shares during the period. O Shaughnessy Asset Management LLC grew its stake in shares of Old Dominion Freight Line by 9.7% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 44,237 shares of the transportation company’s stock worth $7,803,000 after purchasing an additional 3,905 shares in the last quarter. Schroder Investment Management Group grew its stake in shares of Old Dominion Freight Line by 164.7% in the fourth quarter. Schroder Investment Management Group now owns 199,355 shares of the transportation company’s stock worth $35,342,000 after purchasing an additional 124,052 shares in the last quarter. Allstate Corp acquired a new position in shares of Old Dominion Freight Line during the fourth quarter valued at $1,004,000. Finally, Pictet Asset Management Holding SA raised its stake in shares of Old Dominion Freight Line by 11.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 117,502 shares of the transportation company’s stock valued at $20,727,000 after purchasing an additional 11,823 shares in the last quarter. 77.82% of the stock is owned by institutional investors and hedge funds.

Old Dominion Freight Line Stock Performance

Shares of ODFL opened at $164.85 on Monday. Old Dominion Freight Line, Inc. has a 52 week low of $157.67 and a 52 week high of $233.26. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.33. The company has a market capitalization of $35.04 billion, a PE ratio of 30.08, a PEG ratio of 2.89 and a beta of 1.10. The company’s 50 day moving average price is $182.63 and its 200 day moving average price is $193.59.

Old Dominion Freight Line (NASDAQ:ODFL) last released its quarterly earnings data on Wednesday, February 5th. The transportation company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.06. Old Dominion Freight Line had a return on equity of 28.02% and a net margin of 20.40%. Research analysts expect that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current fiscal year.

Old Dominion Freight Line Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were given a $0.28 dividend. This is an increase from Old Dominion Freight Line’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a yield of 0.68%. The ex-dividend date was Wednesday, March 5th. Old Dominion Freight Line’s payout ratio is currently 18.98%.

Analyst Ratings Changes

A number of research firms have commented on ODFL. Stephens restated an “overweight” rating and set a $240.00 price target on shares of Old Dominion Freight Line in a research report on Thursday, February 6th. Evercore ISI upped their target price on Old Dominion Freight Line from $199.00 to $202.00 and gave the stock an “in-line” rating in a research report on Thursday, February 6th. Morgan Stanley lifted their price target on Old Dominion Freight Line from $165.00 to $170.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Truist Financial initiated coverage on Old Dominion Freight Line in a report on Thursday, March 13th. They issued a “buy” rating and a $220.00 price objective for the company. Finally, Wells Fargo & Company lowered their target price on Old Dominion Freight Line from $185.00 to $160.00 and set an “underweight” rating on the stock in a report on Thursday. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $201.40.

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.