Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Shares Acquired by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise boosted its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 69.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,788 shares of the transportation company’s stock after purchasing an additional 4,842 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Old Dominion Freight Line were worth $2,585,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in Old Dominion Freight Line during the 4th quarter worth $495,387,000. International Assets Investment Management LLC grew its position in Old Dominion Freight Line by 39,016.7% in the 4th quarter. International Assets Investment Management LLC now owns 705,274 shares of the transportation company’s stock valued at $285,869,000 after buying an additional 703,471 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Old Dominion Freight Line by 11.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,538,487 shares of the transportation company’s stock valued at $1,038,597,000 after buying an additional 251,289 shares during the period. Parnassus Investments LLC raised its position in shares of Old Dominion Freight Line by 42.4% during the 4th quarter. Parnassus Investments LLC now owns 339,520 shares of the transportation company’s stock worth $137,618,000 after buying an additional 101,079 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Old Dominion Freight Line by 1.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,325,321 shares of the transportation company’s stock worth $2,563,843,000 after buying an additional 81,122 shares in the last quarter. 77.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ODFL shares. Evercore ISI lowered their price target on Old Dominion Freight Line from $241.00 to $225.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. UBS Group lifted their price objective on shares of Old Dominion Freight Line from $202.00 to $205.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Bank of America cut their target price on shares of Old Dominion Freight Line from $205.00 to $192.00 and set a “neutral” rating for the company in a research note on Thursday, June 6th. Vertical Research upgraded shares of Old Dominion Freight Line from a “sell” rating to a “hold” rating and set a $175.00 price target on the stock in a research report on Monday, April 29th. Finally, Wells Fargo & Company initiated coverage on Old Dominion Freight Line in a research note on Friday, June 7th. They set an “underweight” rating and a $175.00 price objective for the company. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Old Dominion Freight Line presently has a consensus rating of “Hold” and a consensus price target of $204.97.

Old Dominion Freight Line Trading Up 0.1 %

ODFL stock opened at $174.89 on Friday. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.01. Old Dominion Freight Line, Inc. has a twelve month low of $162.77 and a twelve month high of $227.80. The company has a market cap of $38.00 billion, a P/E ratio of 30.79, a PEG ratio of 2.27 and a beta of 1.02. The business has a fifty day moving average of $182.99 and a 200-day moving average of $200.49.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its quarterly earnings data on Wednesday, April 24th. The transportation company reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.01. The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.47 billion. Old Dominion Freight Line had a return on equity of 30.12% and a net margin of 21.19%. As a group, equities research analysts expect that Old Dominion Freight Line, Inc. will post 5.98 EPS for the current year.

Old Dominion Freight Line Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 19th. Stockholders of record on Wednesday, June 5th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend was Wednesday, June 5th. Old Dominion Freight Line’s dividend payout ratio is 18.31%.

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.