North Growth Management Ltd. lowered its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 23.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,000 shares of the transportation company's stock after selling 8,000 shares during the period. North Growth Management Ltd.'s holdings in Old Dominion Freight Line were worth $4,560,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of ODFL. State Street Corp boosted its stake in Old Dominion Freight Line by 3.8% in the third quarter. State Street Corp now owns 7,633,531 shares of the transportation company's stock worth $1,516,324,000 after purchasing an additional 279,946 shares in the last quarter. Geode Capital Management LLC lifted its position in Old Dominion Freight Line by 6.0% during the 3rd quarter. Geode Capital Management LLC now owns 4,830,973 shares of the transportation company's stock worth $959,005,000 after buying an additional 275,236 shares in the last quarter. Wellington Management Group LLP grew its holdings in Old Dominion Freight Line by 109.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,435,228 shares of the transportation company's stock worth $285,094,000 after acquiring an additional 750,073 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Old Dominion Freight Line by 4.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,329,826 shares of the transportation company's stock valued at $264,157,000 after acquiring an additional 57,301 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Old Dominion Freight Line by 7.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,203,666 shares of the transportation company's stock worth $239,096,000 after acquiring an additional 78,587 shares during the last quarter. 77.82% of the stock is owned by institutional investors and hedge funds.
Several analysts have recently commented on the stock. Stifel Nicolaus increased their price target on shares of Old Dominion Freight Line from $176.00 to $193.00 and gave the company a "hold" rating in a research note on Thursday, January 23rd. Evercore ISI lifted their target price on Old Dominion Freight Line from $199.00 to $202.00 and gave the company an "in-line" rating in a research note on Thursday. StockNews.com lowered Old Dominion Freight Line from a "hold" rating to a "sell" rating in a research note on Friday. Jefferies Financial Group lifted their price objective on Old Dominion Freight Line from $185.00 to $190.00 and gave the stock a "hold" rating in a research report on Friday, January 10th. Finally, Morgan Stanley raised their target price on shares of Old Dominion Freight Line from $165.00 to $170.00 and gave the company an "equal weight" rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $203.33.
Get Our Latest Research Report on Old Dominion Freight Line
ODFL stock opened at $197.20 on Friday. Old Dominion Freight Line, Inc. has a 1-year low of $165.49 and a 1-year high of $233.26. The business's 50-day moving average price is $190.09 and its two-hundred day moving average price is $197.73. The firm has a market cap of $42.10 billion, a PE ratio of 35.99, a P/E/G ratio of 5.30 and a beta of 1.05. 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:ODFL - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, beating 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%. As a group, research analysts forecast that Old Dominion Freight Line, Inc. will post 5.69 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.57%. This is a positive change from Old Dominion Freight Line's previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Wednesday, March 5th. Old Dominion Freight Line's dividend payout ratio (DPR) is presently 18.98%.
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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