Schroder Investment Management Group Boosts Stock Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Schroder Investment Management Group raised its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 164.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 199,355 shares of the transportation company’s stock after purchasing an additional 124,052 shares during the quarter. Schroder Investment Management Group owned 0.09% of Old Dominion Freight Line worth $35,342,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Whipplewood Advisors LLC purchased a new position in Old Dominion Freight Line in the 4th quarter valued at $35,000. Synergy Asset Management LLC acquired a new stake in shares of Old Dominion Freight Line in the 4th quarter worth $41,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Old Dominion Freight Line in the fourth quarter valued at about $51,000. Versant Capital Management Inc increased its stake in shares of Old Dominion Freight Line by 45.5% during the fourth quarter. Versant Capital Management Inc now owns 352 shares of the transportation company’s stock worth $62,000 after acquiring an additional 110 shares during the period. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in Old Dominion Freight Line during the fourth quarter worth about $69,000. Institutional investors and hedge funds own 77.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Stephens reaffirmed an “overweight” rating and issued a $240.00 price objective on shares of Old Dominion Freight Line in a report on Thursday, February 6th. StockNews.com cut Old Dominion Freight Line from a “hold” rating to a “sell” rating in a research report on Saturday. Susquehanna decreased their target price on shares of Old Dominion Freight Line from $210.00 to $171.00 and set a “neutral” rating on the stock in a research report on Monday. Barclays cut 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. Finally, Wells Fargo & Company decreased their price objective on shares of Old Dominion Freight Line from $185.00 to $160.00 and set an “underweight” rating on the stock in a report on Thursday, March 27th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $200.20.

Old Dominion Freight Line Stock Up 1.0 %

Shares of NASDAQ ODFL opened at $167.09 on Wednesday. The firm has a market cap of $35.51 billion, a P/E ratio of 30.49, a price-to-earnings-growth ratio of 2.89 and a beta of 1.10. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.33. Old Dominion Freight Line, Inc. has a 1 year low of $157.67 and a 1 year high of $233.26. The firm’s 50 day moving average price is $181.68 and its 200 day moving average price is $193.23.

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, topping 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, sell-side analysts anticipate that Old Dominion Freight Line, Inc. will post 5.68 earnings per share 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. Shareholders of record on Wednesday, March 5th were issued a $0.28 dividend. This is a boost from Old Dominion Freight Line’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.12 annualized dividend and a yield of 0.67%. Old Dominion Freight Line’s payout ratio is 18.98%.

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.