Menora Mivtachim Holdings LTD. Has $82.73 Million Stock Holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Menora Mivtachim Holdings LTD. raised its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 11.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 500,000 shares of the transportation company’s stock after buying an additional 50,000 shares during the period. Menora Mivtachim Holdings LTD. owned 0.24% of Old Dominion Freight Line worth $82,725,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ODFL. American Century Companies Inc. lifted its holdings in shares of Old Dominion Freight Line by 41.3% during the first quarter. American Century Companies Inc. now owns 288,704 shares of the transportation company’s stock worth $47,766,000 after purchasing an additional 84,313 shares during the period. Ethic Inc. lifted its holdings in shares of Old Dominion Freight Line by 11.7% during the first quarter. Ethic Inc. now owns 7,076 shares of the transportation company’s stock worth $1,182,000 after purchasing an additional 743 shares during the period. Element Capital Management LLC acquired a new position in shares of Old Dominion Freight Line during the first quarter worth $2,675,000. Aberdeen Group plc lifted its holdings in shares of Old Dominion Freight Line by 104.0% during the first quarter. Aberdeen Group plc now owns 113,695 shares of the transportation company’s stock worth $18,763,000 after purchasing an additional 57,962 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Old Dominion Freight Line by 0.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,248,592 shares of the transportation company’s stock worth $206,567,000 after purchasing an additional 7,039 shares during the period. Institutional investors and hedge funds own 77.82% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Bank of America boosted their target price on shares of Old Dominion Freight Line from $167.00 to $183.00 and gave the company a “neutral” rating in a report on Friday, May 16th. Baird R W upgraded shares of Old Dominion Freight Line to a “hold” rating in a report on Tuesday, July 1st. Susquehanna decreased their price target on shares of Old Dominion Freight Line from $168.00 to $160.00 and set a “neutral” rating for the company in a research note on Wednesday, June 18th. Vertical Research raised shares of Old Dominion Freight Line from a “hold” rating to a “buy” rating and set a $170.00 price target for the company in a research note on Thursday, July 31st. Finally, Morgan Stanley decreased their price target on shares of Old Dominion Freight Line from $170.00 to $165.00 and set an “equal weight” rating for the company in a research note on Thursday, July 31st. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $167.62.

Old Dominion Freight Line Stock Performance

Old Dominion Freight Line stock opened at $151.14 on Friday. The firm’s fifty day moving average price is $159.51 and its 200-day moving average price is $165.81. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.38 and a current ratio of 1.38. The stock has a market cap of $31.77 billion, a P/E ratio of 29.52, a price-to-earnings-growth ratio of 3.48 and a beta of 1.24. Old Dominion Freight Line, Inc. has a fifty-two week low of $140.91 and a fifty-two week high of $233.26.

Old Dominion Freight Line (NASDAQ:ODFL) last released its earnings results on Wednesday, July 30th. The transportation company reported $1.27 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.02). Old Dominion Freight Line had a net margin of 19.42% and a return on equity of 25.94%. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the prior year, the business posted $1.48 EPS. Old Dominion Freight Line’s revenue for the quarter was down 6.1% on a year-over-year basis. On average, equities research analysts expect that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current fiscal year.

Old Dominion Freight Line Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Wednesday, September 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.7%. Old Dominion Freight Line’s payout ratio is presently 21.88%.

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.