Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Shares Bought by UMB Bank n.a.

UMB Bank n.a. increased its holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 20.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 888 shares of the transportation company’s stock after purchasing an additional 153 shares during the quarter. UMB Bank n.a.’s holdings in Old Dominion Freight Line were worth $147,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ODFL. AustralianSuper Pty Ltd acquired a new position in Old Dominion Freight Line in the fourth quarter worth approximately $128,221,000. Blueshift Asset Management LLC bought a new stake in shares of Old Dominion Freight Line during the 4th quarter worth $630,000. Ameriprise Financial Inc. grew its holdings in shares of Old Dominion Freight Line by 2.9% in the 4th quarter. Ameriprise Financial Inc. now owns 1,267,640 shares of the transportation company’s stock worth $223,281,000 after acquiring an additional 35,778 shares during the last quarter. Flossbach Von Storch SE grew its holdings in shares of Old Dominion Freight Line by 119.5% in the 4th quarter. Flossbach Von Storch SE now owns 362,706 shares of the transportation company’s stock worth $63,981,000 after acquiring an additional 197,461 shares during the last quarter. Finally, Callan Family Office LLC acquired a new stake in shares of Old Dominion Freight Line during the fourth quarter worth $307,000. 77.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ODFL. Barclays decreased their price target on Old Dominion Freight Line from $185.00 to $170.00 and set an “equal weight” rating for the company in a research report on Thursday, April 24th. Raymond James set a $185.00 price objective on shares of Old Dominion Freight Line and gave the company an “outperform” rating in a research note on Thursday, April 24th. JPMorgan Chase & Co. dropped their target price on shares of Old Dominion Freight Line from $174.00 to $158.00 and set a “neutral” rating on the stock in a research report on Thursday, April 24th. Stephens restated an “overweight” rating and set a $180.00 price target (down previously from $200.00) on shares of Old Dominion Freight Line in a report on Thursday, April 24th. Finally, Morgan Stanley set a $185.00 price target on shares of Old Dominion Freight Line in a research report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Old Dominion Freight Line presently has an average rating of “Hold” and an average price target of $180.42.

Old Dominion Freight Line Trading Down 3.4%

Old Dominion Freight Line stock opened at $162.11 on Thursday. Old Dominion Freight Line, Inc. has a 12 month low of $144.90 and a 12 month high of $233.26. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.01. The stock has a market cap of $34.26 billion, a P/E ratio of 29.58, a P/E/G ratio of 2.89 and a beta of 1.27. The company’s fifty day simple moving average is $159.08 and its 200-day simple moving average is $177.09.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its earnings results on Wednesday, April 23rd. The transportation company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.05. Old Dominion Freight Line had a return on equity of 28.02% and a net margin of 20.40%. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the previous year, the company posted $1.34 earnings per share. The business’s quarterly revenue was down 5.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current fiscal year.

Old Dominion Freight Line Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $1.12 annualized dividend and a dividend yield of 0.69%. Old Dominion Freight Line’s payout ratio is 21.01%.

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.