Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Shares Acquired by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC boosted its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 27.4% during the 4th quarter, Holdings Channel reports. The fund owned 11,248 shares of the transportation company’s stock after acquiring an additional 2,421 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Old Dominion Freight Line were worth $1,984,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Avanza Fonder AB acquired a new stake in shares of Old Dominion Freight Line in the 4th quarter valued at $3,741,000. AustralianSuper Pty Ltd acquired a new stake in Old Dominion Freight Line in the fourth quarter valued at $128,221,000. Toronto Dominion Bank lifted its holdings in Old Dominion Freight Line by 77.7% during the 3rd quarter. Toronto Dominion Bank now owns 98,061 shares of the transportation company’s stock worth $19,479,000 after buying an additional 42,880 shares during the last quarter. Blueshift Asset Management LLC purchased a new stake in Old Dominion Freight Line during the 4th quarter worth about $630,000. Finally, Board of the Pension Protection Fund acquired a new position in shares of Old Dominion Freight Line during the 4th quarter worth about $600,000. Hedge funds and other institutional investors own 77.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Wells Fargo & Company decreased their target price on Old Dominion Freight Line from $185.00 to $160.00 and set an “underweight” rating for the company in a research note on Thursday, March 27th. Citigroup reduced 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. Truist Financial initiated coverage on shares of Old Dominion Freight Line in a report on Thursday, March 13th. They issued a “buy” rating and a $220.00 target price for the company. Susquehanna cut their price target on shares of Old Dominion Freight Line from $210.00 to $171.00 and set a “neutral” rating on the stock in a research note on Monday. Finally, The Goldman Sachs Group upped their price objective on shares of Old Dominion Freight Line from $213.00 to $235.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $199.70.

Old Dominion Freight Line Stock Performance

Shares of ODFL opened at $155.75 on Friday. The stock has a market capitalization of $33.10 billion, a P/E ratio of 28.42, a P/E/G ratio of 2.89 and a beta of 1.10. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.33. Old Dominion Freight Line, Inc. has a 1 year low of $150.37 and a 1 year high of $233.26. The company’s fifty day moving average is $180.59 and its two-hundred day moving average is $192.81.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its quarterly earnings results on Wednesday, February 5th. The transportation company reported $1.23 earnings per share (EPS) 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%. On average, sell-side analysts predict that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current year.

Old Dominion Freight Line Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were issued a $0.28 dividend. 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 dividend yield of 0.72%. The ex-dividend date of this dividend was Wednesday, March 5th. Old Dominion Freight Line’s dividend payout ratio (DPR) 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.