Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Shares Acquired by WINTON GROUP Ltd

WINTON GROUP Ltd increased its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 27.1% in the 4th quarter, HoldingsChannel reports. The firm owned 6,024 shares of the transportation company’s stock after purchasing an additional 1,285 shares during the period. WINTON GROUP Ltd’s holdings in Old Dominion Freight Line were worth $1,063,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Whipplewood Advisors LLC purchased a new position in shares of Old Dominion Freight Line in the 4th quarter valued at about $35,000. Synergy Asset Management LLC purchased a new position in Old Dominion Freight Line in the fourth quarter worth approximately $41,000. Brown Brothers Harriman & Co. grew its holdings in 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 acquiring an additional 215 shares in the last quarter. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Old Dominion Freight Line in the 4th quarter valued at approximately $51,000. Finally, Versant Capital Management Inc increased its position in shares of 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 purchasing an additional 110 shares during the last quarter. 77.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on ODFL. StockNews.com downgraded shares of Old Dominion Freight Line from a “hold” rating to a “sell” rating in a research note on Saturday. Stifel Nicolaus raised Old Dominion Freight Line from a “hold” rating to a “buy” rating and upped their price objective for the stock from $193.00 to $200.00 in a research report on Monday, February 24th. Susquehanna reissued a “neutral” rating and set a $195.00 target price (down previously from $218.00) on shares of Old Dominion Freight Line in a research report on Tuesday, January 7th. Jefferies Financial Group upped their price target on Old Dominion Freight Line from $185.00 to $190.00 and gave the company a “hold” rating in a report on Friday, January 10th. Finally, Wells Fargo & Company dropped their price target on shares of Old Dominion Freight Line from $185.00 to $160.00 and set an “underweight” rating on the stock in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $201.40.

Old Dominion Freight Line Stock Down 3.2 %

ODFL stock opened at $164.85 on Friday. The stock has a market capitalization of $35.04 billion, a PE ratio of 30.08, a price-to-earnings-growth ratio of 2.89 and a beta of 1.10. The company has a fifty day moving average of $182.63 and a 200-day moving average of $193.54. 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 one year low of $157.67 and a one year high of $233.26.

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, beating analysts’ consensus estimates 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%. As a group, analysts expect 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 disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were given a $0.28 dividend. This is a boost from Old Dominion Freight Line’s previous quarterly dividend of $0.26. The ex-dividend date was Wednesday, March 5th. This represents a $1.12 annualized dividend and a yield of 0.68%. Old Dominion Freight Line’s dividend payout ratio is presently 18.98%.

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.