Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Holdings Raised by Flossbach Von Storch SE

Flossbach Von Storch SE grew its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 119.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 362,706 shares of the transportation company’s stock after acquiring an additional 197,461 shares during the period. Flossbach Von Storch SE’s holdings in Old Dominion Freight Line were worth $63,981,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of ODFL. Synergy Asset Management LLC acquired a new position in Old Dominion Freight Line in the 4th quarter worth about $41,000. RPg Family Wealth Advisory LLC bought a new stake in shares of Old Dominion Freight Line in the 3rd quarter valued at approximately $45,000. Brown Brothers Harriman & Co. increased its holdings in Old Dominion Freight Line by 398.1% in the third quarter. Brown Brothers Harriman & Co. now owns 269 shares of the transportation company’s stock worth $53,000 after buying an additional 215 shares during the last quarter. Versant Capital Management Inc raised its position in Old Dominion Freight Line by 45.5% during the fourth quarter. Versant Capital Management Inc now owns 352 shares of the transportation company’s stock valued at $62,000 after acquiring an additional 110 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Old Dominion Freight Line during the 3rd quarter worth $64,000. 77.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on ODFL. TD Cowen lowered their price target on Old Dominion Freight Line from $203.00 to $196.00 and set a “hold” rating on the stock in a report on Thursday, October 24th. The Goldman Sachs Group increased their price target on Old Dominion Freight Line from $213.00 to $235.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. Morgan Stanley increased their price target on Old Dominion Freight Line from $165.00 to $170.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. BMO Capital Markets reduced their price objective on Old Dominion Freight Line from $210.00 to $205.00 and set a “market perform” rating for the company in a research report on Thursday, October 24th. Finally, Susquehanna reissued a “neutral” rating and issued a $195.00 price objective (down from $218.00) on shares of Old Dominion Freight Line in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $203.33.

Old Dominion Freight Line Stock Performance

Old Dominion Freight Line stock opened at $205.11 on Thursday. The stock has a 50-day simple moving average of $189.48 and a 200 day simple moving average of $197.91. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.01. Old Dominion Freight Line, Inc. has a 12-month low of $165.49 and a 12-month high of $233.26. The stock has a market capitalization of $43.79 billion, a price-to-earnings ratio of 37.43, a P/E/G ratio of 3.07 and a beta of 1.05.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its quarterly earnings data on Wednesday, February 5th. The transportation company reported $1.23 earnings per share for the quarter, topping the consensus estimate 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%. On average, research analysts anticipate that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current fiscal year.

Old Dominion Freight Line Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.28 per share. This is a boost from Old Dominion Freight Line’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend is Wednesday, March 5th. Old Dominion Freight Line’s payout ratio is currently 18.98%.

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.