Pensioenfonds Rail & OV Grows Stock Holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Pensioenfonds Rail & OV lifted its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 49.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 164,848 shares of the transportation company’s stock after purchasing an additional 54,889 shares during the period. Old Dominion Freight Line comprises approximately 2.6% of Pensioenfonds Rail & OV’s portfolio, making the stock its 28th largest position. Pensioenfonds Rail & OV owned approximately 0.08% of Old Dominion Freight Line worth $36,153,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Jones Financial Companies Lllp increased its stake in Old Dominion Freight Line by 22.5% in the fourth quarter. Jones Financial Companies Lllp now owns 147 shares of the transportation company’s stock valued at $60,000 after purchasing an additional 27 shares during the period. Lido Advisors LLC increased its stake in shares of Old Dominion Freight Line by 3.1% during the third quarter. Lido Advisors LLC now owns 969 shares of the transportation company’s stock worth $397,000 after acquiring an additional 29 shares during the period. Cary Street Partners Investment Advisory LLC increased its stake in shares of Old Dominion Freight Line by 14.6% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 235 shares of the transportation company’s stock worth $96,000 after acquiring an additional 30 shares during the period. Avantax Advisory Services Inc. increased its stake in shares of Old Dominion Freight Line by 1.1% during the fourth quarter. Avantax Advisory Services Inc. now owns 2,704 shares of the transportation company’s stock worth $1,096,000 after acquiring an additional 30 shares during the period. Finally, Drive Wealth Management LLC increased its stake in shares of Old Dominion Freight Line by 5.3% during the fourth quarter. Drive Wealth Management LLC now owns 778 shares of the transportation company’s stock worth $316,000 after acquiring an additional 39 shares during the period. 77.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on ODFL shares. Robert W. Baird raised shares of Old Dominion Freight Line from a “neutral” rating to an “outperform” rating and set a $205.00 price target on the stock in a report on Wednesday, May 8th. BMO Capital Markets started coverage on shares of Old Dominion Freight Line in a report on Wednesday, June 5th. They issued an “outperform” rating and a $210.00 price target on the stock. Bank of America reduced their price target on shares of Old Dominion Freight Line from $205.00 to $192.00 and set a “neutral” rating on the stock in a report on Thursday, June 6th. TD Cowen cut their price objective on shares of Old Dominion Freight Line from $209.00 to $206.00 and set a “hold” rating for the company in a research report on Friday, April 26th. Finally, Susquehanna cut their price objective on shares of Old Dominion Freight Line from $245.00 to $210.00 and set a “positive” rating for the company in a research report on Wednesday, June 12th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $201.18.

Old Dominion Freight Line Trading Up 0.7 %

Shares of ODFL stock traded up $1.19 on Wednesday, reaching $176.04. The company had a trading volume of 1,440,225 shares, compared to its average volume of 1,583,176. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.01. The stock has a market cap of $38.25 billion, a PE ratio of 31.17, a PEG ratio of 2.28 and a beta of 1.02. The company has a 50-day moving average of $181.20 and a 200-day moving average of $200.46. Old Dominion Freight Line, Inc. has a 12 month low of $165.49 and a 12 month high of $227.80.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its quarterly earnings data on Wednesday, April 24th. The transportation company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.01. Old Dominion Freight Line had a return on equity of 30.12% and a net margin of 21.19%. The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.47 billion. On average, equities analysts forecast that Old Dominion Freight Line, Inc. will post 5.96 earnings per share for the current year.

Old Dominion Freight Line Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 19th. Stockholders of record on Wednesday, June 5th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend was Wednesday, June 5th. Old Dominion Freight Line’s payout ratio is presently 18.31%.

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.