WINTON GROUP Ltd Raises Stock Holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

WINTON GROUP Ltd grew its holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 27.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,024 shares of the transportation company’s stock after buying an additional 1,285 shares during the quarter. WINTON GROUP Ltd’s holdings in Old Dominion Freight Line were worth $1,063,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in ODFL. Whipplewood Advisors LLC purchased a new stake in Old Dominion Freight Line in the 4th quarter worth $35,000. Synergy Asset Management LLC acquired a new stake in shares of Old Dominion Freight Line in the fourth quarter valued at about $41,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Old Dominion Freight Line during the fourth quarter worth about $51,000. Brown Brothers Harriman & Co. raised its position in shares of Old Dominion Freight Line by 398.1% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 269 shares of the transportation company’s stock worth $53,000 after purchasing an additional 215 shares during the last quarter. Finally, Versant Capital Management Inc lifted its stake in Old Dominion Freight Line by 45.5% in the 4th 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 in the last quarter. 77.82% of the stock is owned by institutional investors and hedge funds.

Old Dominion Freight Line Stock Down 3.2 %

Shares of NASDAQ ODFL opened at $164.85 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average is $182.63 and its two-hundred day moving average is $193.54. Old Dominion Freight Line, Inc. has a 52-week low of $157.67 and a 52-week high of $233.26. The firm has a market cap of $35.04 billion, a price-to-earnings ratio of 30.08, a PEG ratio of 2.89 and a beta of 1.10.

Old Dominion Freight Line (NASDAQ:ODFL) last posted 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%. 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 declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend was Wednesday, March 5th. This is a boost from Old Dominion Freight Line’s previous quarterly dividend of $0.26. Old Dominion Freight Line’s dividend payout ratio is currently 18.98%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ODFL. Wells Fargo & Company reduced their target price on Old Dominion Freight Line from $185.00 to $160.00 and set an “underweight” rating for the company in a report on Thursday. JPMorgan Chase & Co. increased their price objective on Old Dominion Freight Line from $186.00 to $205.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Barclays dropped their target price on shares of 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. Evercore ISI raised their price target on shares of Old Dominion Freight Line from $199.00 to $202.00 and gave the stock an “in-line” rating in a research note on Thursday, February 6th. Finally, Stephens reaffirmed an “overweight” rating and set a $240.00 price objective on shares of Old Dominion Freight Line in a research note on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Old Dominion Freight Line presently has a consensus rating of “Hold” and an average price target of $201.40.

About Old Dominion Freight Line

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.