Stephens Inc. AR acquired a new position in shares of Old Dominion Freight Line (NASDAQ:ODFL) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 1,590 shares of the transportation company’s stock, valued at approximately $209,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ODFL. Assenagon Asset Management S.A. purchased a new position in Old Dominion Freight Line during the 4th quarter worth approximately $35,582,000. JPMorgan Chase & Co. grew its holdings in shares of Old Dominion Freight Line by 8.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,092,478 shares of the transportation company’s stock valued at $227,557,000 after acquiring an additional 169,109 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Old Dominion Freight Line by 6.4% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,234,395 shares of the transportation company’s stock valued at $246,030,000 after acquiring an additional 134,463 shares in the last quarter. Prudential Financial Inc. grew its holdings in shares of Old Dominion Freight Line by 63.4% during the 3rd quarter. Prudential Financial Inc. now owns 261,206 shares of the transportation company’s stock valued at $28,761,000 after acquiring an additional 101,334 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. purchased a new position in shares of Old Dominion Freight Line during the 4th quarter valued at $11,919,000. Hedge funds and other institutional investors own 72.04% of the company’s stock.

Several research firms have recently commented on ODFL. Buckingham Research boosted their price target on shares of Old Dominion Freight Line from $144.00 to $153.00 and gave the company a “neutral” rating in a report on Friday, February 9th. Cowen restated a “market perform” rating and set a $136.00 price target (up from $113.00) on shares of Old Dominion Freight Line in a report on Thursday, February 8th. Stifel Nicolaus restated a “hold” rating and set a $111.00 price target on shares of Old Dominion Freight Line in a report on Thursday, October 26th. ValuEngine cut shares of Old Dominion Freight Line from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, KeyCorp boosted their price target on shares of Old Dominion Freight Line from $125.00 to $138.00 and gave the company an “overweight” rating in a report on Tuesday, December 5th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $122.08.

Shares of Old Dominion Freight Line (NASDAQ ODFL) opened at $138.52 on Thursday. The stock has a market cap of $11,420.00, a price-to-earnings ratio of 31.77 and a beta of 1.22. Old Dominion Freight Line has a fifty-two week low of $80.56 and a fifty-two week high of $150.31. The company has a quick ratio of 1.44, a current ratio of 1.67 and a debt-to-equity ratio of 0.02.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its quarterly earnings data on Thursday, February 8th. The transportation company reported $1.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.01. The firm had revenue of $891.12 million during the quarter, compared to analysts’ expectations of $879.00 million. Old Dominion Freight Line had a net margin of 13.81% and a return on equity of 17.37%. Old Dominion Freight Line’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.83 earnings per share. analysts anticipate that Old Dominion Freight Line will post 5.87 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 20th. Investors of record on Tuesday, March 6th will be issued a $0.13 dividend. The ex-dividend date is Monday, March 5th. This is a boost from Old Dominion Freight Line’s previous quarterly dividend of $0.10. This represents a $0.52 dividend on an annualized basis and a yield of 0.38%. Old Dominion Freight Line’s dividend payout ratio is currently 9.17%.

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Old Dominion Freight Line Company Profile

Old Dominion Freight Line, Inc is a union-free motor carrier providing regional, inter-regional and national less-than-truckload (LTL) services. The Company’s LTL services include ground and air expedited transportation for time-sensitive shipments, consumer household pickup and delivery and freight delivery services throughout North America.

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Institutional Ownership by Quarter for Old Dominion Freight Line (NASDAQ:ODFL)

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