Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Shares Acquired by Nebula Research & Development LLC

Nebula Research & Development LLC boosted its holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 53.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,772 shares of the transportation company’s stock after purchasing an additional 5,162 shares during the quarter. Nebula Research & Development LLC’s holdings in Old Dominion Freight Line were worth $2,606,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ODFL. Whipplewood Advisors LLC acquired a new position in shares of Old Dominion Freight Line in the 4th quarter valued at about $35,000. Synergy Asset Management LLC acquired a new position in Old Dominion Freight Line in the fourth quarter valued at approximately $41,000. Murphy & Mullick Capital Management Corp bought a new position in shares of Old Dominion Freight Line during the fourth quarter valued at approximately $51,000. Versant Capital Management Inc grew its holdings 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 valued at $62,000 after purchasing an additional 110 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Old Dominion Freight Line during the 4th quarter worth approximately $69,000. Institutional investors own 77.82% of the company’s stock.

Old Dominion Freight Line Price Performance

Shares of NASDAQ:ODFL opened at $158.90 on Friday. The company has a market capitalization of $33.77 billion, a PE ratio of 29.00, a price-to-earnings-growth ratio of 2.89 and a beta of 1.25. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.33. The stock has a fifty day moving average of $166.62 and a 200-day moving average of $187.97. Old Dominion Freight Line, Inc. has a one year low of $145.79 and a one year high of $233.26.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its earnings results on Wednesday, April 23rd. The transportation company reported $1.19 EPS for the quarter, beating the consensus estimate of $1.15 by $0.04. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.38 billion. Old Dominion Freight Line had a return on equity of 28.02% and a net margin of 20.40%. As a group, equities analysts anticipate that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current fiscal year.

Old Dominion Freight Line Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.70%. This is a boost from Old Dominion Freight Line’s previous quarterly dividend of $0.26. The ex-dividend date was Wednesday, March 5th. Old Dominion Freight Line’s dividend payout ratio (DPR) is presently 20.44%.

Analysts Set New Price Targets

ODFL has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft began coverage on shares of Old Dominion Freight Line in a research report on Friday, March 7th. They set a “buy” rating and a $236.00 price target for the company. Bank of America dropped their price target on shares of Old Dominion Freight Line from $237.00 to $204.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Stephens reiterated an “overweight” rating and set a $180.00 price objective (down from $200.00) on shares of Old Dominion Freight Line in a research report on Thursday. StockNews.com lowered Old Dominion Freight Line from a “hold” rating to a “sell” rating in a report on Saturday, March 29th. Finally, Stifel Nicolaus cut their target price on Old Dominion Freight Line from $188.00 to $175.00 and set a “buy” rating on the stock in a research note on Thursday. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Old Dominion Freight Line currently has an average rating of “Hold” and an average target price of $182.95.

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.