Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Shares Bought by Norinchukin Bank The

Norinchukin Bank The lifted its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 9.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,733 shares of the transportation company’s stock after purchasing an additional 953 shares during the period. Norinchukin Bank The’s holdings in Old Dominion Freight Line were worth $1,893,000 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 company. Whipplewood Advisors LLC acquired a new position in Old Dominion Freight Line during the fourth quarter worth approximately $35,000. Synergy Asset Management LLC acquired a new position in shares of Old Dominion Freight Line in the 4th quarter valued at $41,000. Murphy & Mullick Capital Management Corp purchased a new stake in Old Dominion Freight Line in the 4th quarter valued at $51,000. Versant Capital Management Inc boosted its stake in Old Dominion Freight Line by 45.5% during the 4th quarter. Versant Capital Management Inc now owns 352 shares of the transportation company’s stock worth $62,000 after purchasing an additional 110 shares during the period. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in Old Dominion Freight Line during the 4th quarter worth $69,000. 77.82% of the stock is owned by hedge funds and other institutional investors.

Old Dominion Freight Line Price Performance

Old Dominion Freight Line stock opened at $153.75 on Monday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.01. The firm’s 50-day simple moving average is $170.78 and its 200 day simple moving average is $188.96. Old Dominion Freight Line, Inc. has a 52 week low of $145.79 and a 52 week high of $233.26. The firm has a market capitalization of $32.68 billion, a PE ratio of 28.06, a P/E/G ratio of 2.89 and a beta of 1.25.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its quarterly earnings results on Wednesday, February 5th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.06. Old Dominion Freight Line had a net margin of 20.40% and a return on equity of 28.02%. On average, equities research analysts predict that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current fiscal year.

Old Dominion Freight Line Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date was Wednesday, March 5th. This is a boost from Old Dominion Freight Line’s previous quarterly dividend of $0.26. Old Dominion Freight Line’s dividend payout ratio is 20.44%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on ODFL shares. Raymond James decreased their target price on shares of Old Dominion Freight Line from $215.00 to $190.00 and set an “outperform” rating for the company in a research note on Tuesday, April 8th. Stifel Nicolaus lowered their target price on Old Dominion Freight Line from $200.00 to $188.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Barclays cut their price target on Old Dominion Freight Line from $195.00 to $185.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Old Dominion Freight Line in a research report on Friday, March 7th. They set a “buy” rating and a $236.00 price objective for the company. Finally, Susquehanna dropped their price target on shares of Old Dominion Freight Line from $210.00 to $171.00 and set a “neutral” rating on the stock in a research note on Monday, March 31st. Two investment 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $195.15.

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.