Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Shares Acquired by Schroder Investment Management Group

Schroder Investment Management Group increased its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFLFree Report) by 164.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 199,355 shares of the transportation company’s stock after buying an additional 124,052 shares during the period. Schroder Investment Management Group’s holdings in Old Dominion Freight Line were worth $35,342,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ODFL. Whipplewood Advisors LLC acquired a new stake in Old Dominion Freight Line during the fourth quarter worth about $35,000. Synergy Asset Management LLC purchased a new stake in shares of Old Dominion Freight Line during the 4th quarter worth about $41,000. Murphy & Mullick Capital Management Corp acquired a new stake in Old Dominion Freight Line during the 4th quarter worth approximately $51,000. Versant Capital Management Inc raised its holdings in Old Dominion Freight Line by 45.5% in the fourth quarter. Versant Capital Management Inc now owns 352 shares of the transportation company’s stock valued at $62,000 after buying an additional 110 shares during the period. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in Old Dominion Freight Line during the fourth quarter valued at approximately $69,000. Institutional investors and hedge funds own 77.82% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ODFL. Citigroup dropped their price objective on shares of Old Dominion Freight Line from $205.00 to $186.00 and set a “neutral” rating for the company in a research report on Tuesday, March 4th. StockNews.com downgraded Old Dominion Freight Line from a “hold” rating to a “sell” rating in a report on Saturday. Bank of America reduced their price objective on Old Dominion Freight Line from $237.00 to $204.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Morgan Stanley raised their target price 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. Finally, Barclays decreased their price target on Old Dominion Freight Line from $210.00 to $195.00 and set an “equal weight” rating for the company in a report on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $200.20.

View Our Latest Report on ODFL

Old Dominion Freight Line Stock Performance

ODFL stock opened at $167.09 on Wednesday. The stock’s 50 day simple moving average is $181.68 and its 200 day simple moving average is $193.23. Old Dominion Freight Line, Inc. has a 12-month low of $157.67 and a 12-month high of $233.26. The firm has a market cap of $35.51 billion, a P/E ratio of 30.49, a P/E/G ratio of 2.89 and a beta of 1.10. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01.

Old Dominion Freight Line (NASDAQ:ODFLGet Free Report) last issued its earnings results on Wednesday, February 5th. The transportation company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates 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%. As a group, equities research analysts predict that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current year.

Old Dominion Freight Line Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were issued a $0.28 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $1.12 dividend on an annualized basis and a yield of 0.67%. This is a boost from Old Dominion Freight Line’s previous quarterly dividend of $0.26. Old Dominion Freight Line’s dividend payout ratio (DPR) is currently 18.98%.

Old Dominion Freight Line Company Profile

(Free Report)

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.

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

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