Xponance Inc. Acquires 830 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Xponance Inc. grew its holdings in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 1.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 44,324 shares of the transportation company’s stock after acquiring an additional 830 shares during the period. Xponance Inc.’s holdings in Old Dominion Freight Line were worth $7,819,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Oppenheimer & Co. Inc. acquired a new stake in shares of Old Dominion Freight Line during the third quarter worth $271,000. Empowered Funds LLC increased its position in shares of Old Dominion Freight Line by 6.0% during the third quarter. Empowered Funds LLC now owns 3,543 shares of the transportation company’s stock worth $704,000 after buying an additional 199 shares during the period. Mutual of America Capital Management LLC increased its position in shares of Old Dominion Freight Line by 2.9% during the third quarter. Mutual of America Capital Management LLC now owns 26,182 shares of the transportation company’s stock worth $5,201,000 after buying an additional 747 shares during the period. Meeder Advisory Services Inc. increased its position in shares of Old Dominion Freight Line by 8.5% during the third quarter. Meeder Advisory Services Inc. now owns 3,835 shares of the transportation company’s stock worth $762,000 after buying an additional 301 shares during the period. Finally, Caprock Group LLC increased its position in shares of Old Dominion Freight Line by 9.7% during the third quarter. Caprock Group LLC now owns 8,956 shares of the transportation company’s stock worth $1,779,000 after buying an additional 794 shares during the period. Institutional investors own 77.82% of the company’s stock.

Old Dominion Freight Line Stock Up 0.2 %

ODFL opened at $162.44 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.33 and a quick ratio of 1.33. The company’s 50-day moving average is $185.00 and its 200 day moving average is $194.72. Old Dominion Freight Line, Inc. has a fifty-two week low of $159.11 and a fifty-two week high of $233.26. The firm has a market capitalization of $34.53 billion, a P/E ratio of 29.64, a PEG ratio of 2.89 and a beta of 1.10.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its quarterly earnings data on Wednesday, February 5th. The transportation company reported $1.23 EPS for the quarter, topping the consensus estimate 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%. Research analysts expect that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current fiscal 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 $0.28 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $1.12 annualized dividend and a dividend yield of 0.69%. This is a positive change from Old Dominion Freight Line’s previous quarterly dividend of $0.26. Old Dominion Freight Line’s payout ratio is 18.98%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. The Goldman Sachs Group raised their price target on shares of Old Dominion Freight Line from $213.00 to $235.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th. Barclays reduced their price target 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. Stifel Nicolaus upgraded shares of Old Dominion Freight Line from a “hold” rating to a “buy” rating and raised their price target for the stock from $193.00 to $200.00 in a report on Monday, February 24th. Bank of America reduced their price target on shares of Old Dominion Freight Line from $237.00 to $204.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Finally, JPMorgan Chase & Co. raised their price target on shares of Old Dominion Freight Line from $186.00 to $205.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $202.65.

Old Dominion Freight Line Company 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.