Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Shares Purchased by Sirios Capital Management L P

Sirios Capital Management L P lifted its holdings in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 18.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 21,739 shares of the transportation company’s stock after buying an additional 3,377 shares during the quarter. Old Dominion Freight Line makes up approximately 1.8% of Sirios Capital Management L P’s investment portfolio, making the stock its 24th largest position. Sirios Capital Management L P’s holdings in Old Dominion Freight Line were worth $8,811,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp raised its holdings in shares of Old Dominion Freight Line by 22.5% in the 4th quarter. Jones Financial Companies Lllp now owns 147 shares of the transportation company’s stock worth $60,000 after purchasing an additional 27 shares during the period. Lido Advisors LLC lifted its position in Old Dominion Freight Line by 3.1% during the third quarter. Lido Advisors LLC now owns 969 shares of the transportation company’s stock valued at $397,000 after buying an additional 29 shares in the last quarter. Cary Street Partners Investment Advisory LLC grew its stake in 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 buying an additional 30 shares during the period. Avantax Advisory Services Inc. raised its stake in shares of Old Dominion Freight Line by 1.1% in the 4th quarter. Avantax Advisory Services Inc. now owns 2,704 shares of the transportation company’s stock valued at $1,096,000 after acquiring an additional 30 shares during the period. Finally, Drive Wealth Management LLC boosted its position in Old Dominion Freight Line by 5.3% during the 4th quarter. Drive Wealth Management LLC now owns 778 shares of the transportation company’s stock worth $316,000 after purchasing an additional 39 shares during the period. 77.82% of the stock is owned by hedge funds and other institutional investors.

Old Dominion Freight Line Trading Up 1.5 %

Shares of NASDAQ:ODFL traded up $2.59 during mid-day trading on Monday, reaching $171.12. The stock had a trading volume of 1,842,126 shares, compared to its average volume of 1,579,651. The firm has a 50 day simple moving average of $192.28 and a two-hundred day simple moving average of $202.27. 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 firm has a market cap of $37.18 billion, a PE ratio of 30.13, a price-to-earnings-growth ratio of 2.18 and a beta of 1.02. Old Dominion Freight Line, Inc. has a twelve month low of $149.45 and a twelve month high of $227.80.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its earnings results on Wednesday, April 24th. The transportation company reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $1.47 billion. On average, research analysts predict that Old Dominion Freight Line, Inc. will post 6.01 EPS for the current fiscal year.

Old Dominion Freight Line Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Stockholders of record on Wednesday, June 5th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, June 5th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.61%. Old Dominion Freight Line’s payout ratio is 18.31%.

Wall Street Analyst Weigh In

ODFL has been the subject of a number of analyst reports. Vertical Research upgraded Old Dominion Freight Line from a “sell” rating to a “hold” rating and set a $175.00 price target for the company in a report on Monday, April 29th. Bank of America dropped 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 research note on Thursday. Barclays cut their price target on Old Dominion Freight Line from $210.00 to $205.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 25th. JPMorgan Chase & Co. decreased their target price on Old Dominion Freight Line from $231.00 to $219.00 and set a “neutral” rating for the company in a research report on Thursday, April 25th. Finally, Baird R W raised Old Dominion Freight Line from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Old Dominion Freight Line has an average rating of “Hold” and an average target price of $206.35.

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.