Old Dominion Freight Line, Inc. $ODFL Holdings Raised by Natixis Advisors LLC

Natixis Advisors LLC boosted its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 31.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 570,982 shares of the transportation company’s stock after buying an additional 135,871 shares during the quarter. Natixis Advisors LLC’s holdings in Old Dominion Freight Line were worth $89,530,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ODFL. Westside Investment Management Inc. raised its holdings in shares of Old Dominion Freight Line by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 196 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 98 shares in the last quarter. DT Investment Partners LLC raised its holdings in shares of Old Dominion Freight Line by 600.0% during the 4th quarter. DT Investment Partners LLC now owns 210 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 180 shares in the last quarter. Raiffeisen Bank International AG bought a new position in shares of Old Dominion Freight Line during the 3rd quarter valued at $37,000. Torren Management LLC bought a new position in shares of Old Dominion Freight Line during the 4th quarter valued at $41,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in shares of Old Dominion Freight Line during the 4th quarter valued at $50,000. Hedge funds and other institutional investors own 77.82% of the company’s stock.

Insider Buying and Selling at Old Dominion Freight Line

In related news, Director Greg C. Gantt sold 22,107 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $191.52, for a total transaction of $4,233,932.64. Following the completion of the sale, the director directly owned 88,551 shares of the company’s stock, valued at $16,959,287.52. The trade was a 19.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 10.00% of the stock is currently owned by company insiders.

Old Dominion Freight Line Stock Up 0.2%

NASDAQ:ODFL opened at $229.08 on Wednesday. Old Dominion Freight Line, Inc. has a 12 month low of $126.01 and a 12 month high of $233.79. The firm has a market cap of $47.64 billion, a PE ratio of 47.92, a price-to-earnings-growth ratio of 4.68 and a beta of 1.17. The company’s 50-day moving average price is $205.73 and its two-hundred day moving average price is $182.95.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its earnings results on Wednesday, April 29th. The transportation company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.09. Old Dominion Freight Line had a net margin of 18.46% and a return on equity of 23.42%. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the previous year, the firm posted $1.19 earnings per share. The company’s revenue was down 2.9% on a year-over-year basis. On average, research analysts expect that Old Dominion Freight Line, Inc. will post 5.32 EPS for the current fiscal year.

Old Dominion Freight Line Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Wednesday, June 3rd. Old Dominion Freight Line’s payout ratio is 24.27%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ODFL. Wolfe Research raised their price target on shares of Old Dominion Freight Line from $183.00 to $185.00 and gave the company an “underperform” rating in a report on Tuesday, April 7th. Rothschild & Co Redburn lowered their target price on shares of Old Dominion Freight Line from $176.00 to $172.00 and set a “sell” rating on the stock in a research note on Tuesday, May 12th. Jefferies Financial Group raised their target price on shares of Old Dominion Freight Line from $210.00 to $230.00 and gave the company a “hold” rating in a research note on Wednesday, April 22nd. TD Cowen reaffirmed a “hold” rating and set a $194.00 price objective (up from $180.00) on shares of Old Dominion Freight Line in a research report on Thursday, April 30th. Finally, The Goldman Sachs Group set a $216.00 price objective on shares of Old Dominion Freight Line and gave the company a “neutral” rating in a research report on Thursday, April 30th. Eight analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $207.08.

Old Dominion Freight Line Profile

Old Dominion Freight Line is a U.S.-based less-than-truckload (LTL) transportation company that provides regional, inter-regional and national freight services. Founded in 1934 and headquartered in Thomasville, North Carolina, the company has grown from a regional carrier into a national freight network, operating a broad system of service centers and terminals to move shipments for shippers of varying sizes and industries.

The company’s core business is LTL trucking, offering scheduled pickup and delivery for palletized freight that does not require a full truckload.