Public Employees Retirement Association of Colorado Purchases 463 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Public Employees Retirement Association of Colorado grew its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFLFree Report) by 3.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,866 shares of the transportation company’s stock after buying an additional 463 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Old Dominion Freight Line were worth $6,026,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ODFL. Morningstar Investment Management LLC acquired a new position in Old Dominion Freight Line during the 4th quarter valued at about $296,000. Tower Research Capital LLC TRC raised its position in shares of Old Dominion Freight Line by 37.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 16,838 shares of the transportation company’s stock valued at $6,825,000 after purchasing an additional 4,549 shares during the last quarter. Lake Street Advisors Group LLC acquired a new stake in Old Dominion Freight Line in the 4th quarter worth approximately $358,000. Blueshift Asset Management LLC purchased a new stake in Old Dominion Freight Line during the 4th quarter worth approximately $599,000. Finally, CIBC Private Wealth Group LLC increased its stake in Old Dominion Freight Line by 0.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,101,919 shares of the transportation company’s stock valued at $851,971,000 after purchasing an additional 12,016 shares in the last quarter. Hedge funds and other institutional investors own 77.82% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on ODFL. Evercore ISI lowered their price objective on shares of Old Dominion Freight Line from $241.00 to $225.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. Vertical Research raised Old Dominion Freight Line from a “sell” rating to a “hold” rating and set a $175.00 price target for the company in a research report on Monday, April 29th. Barclays cut their price objective on Old Dominion Freight Line from $210.00 to $205.00 and set an “equal weight” rating on the stock in a report on Thursday, April 25th. TD Cowen decreased their target price on Old Dominion Freight Line from $209.00 to $206.00 and set a “hold” rating for the company in a report on Friday, April 26th. Finally, Raymond James increased their price target on shares of Old Dominion Freight Line from $207.50 to $233.00 and gave the stock an “outperform” rating in a report on Monday, April 15th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $206.35.

Read Our Latest Report on Old Dominion Freight Line

Old Dominion Freight Line Stock Down 0.8 %

Shares of NASDAQ ODFL opened at $168.53 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. The firm has a market cap of $36.62 billion, a price-to-earnings ratio of 29.67, a PEG ratio of 2.15 and a beta of 1.02. The business’s 50 day moving average is $193.30 and its two-hundred day moving average is $202.50. Old Dominion Freight Line, Inc. has a 52-week low of $149.45 and a 52-week high of $227.80.

Old Dominion Freight Line (NASDAQ:ODFLGet Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The transportation company reported $1.34 EPS for the quarter, beating the consensus estimate of $1.33 by $0.01. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.47 billion. Old Dominion Freight Line had a net margin of 21.19% and a return on equity of 30.12%. Research analysts predict that Old Dominion Freight Line, Inc. will post 6.01 EPS for the current year.

Old Dominion Freight Line Announces Dividend

The business also recently declared 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 is Wednesday, June 5th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.62%. Old Dominion Freight Line’s dividend payout ratio is presently 18.31%.

About Old Dominion Freight Line

(Free Report)

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.

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Institutional Ownership by Quarter for Old Dominion Freight Line (NASDAQ:ODFL)

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