Natixis Advisors LLC Purchases 33,496 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Natixis Advisors LLC grew its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 10.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 358,402 shares of the transportation company’s stock after buying an additional 33,496 shares during the period. Natixis Advisors LLC owned approximately 0.17% of Old Dominion Freight Line worth $63,222,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in ODFL. Avanza Fonder AB bought a new position in Old Dominion Freight Line during the fourth quarter worth about $3,741,000. AustralianSuper Pty Ltd acquired a new stake in shares of Old Dominion Freight Line in the fourth quarter valued at approximately $128,221,000. Toronto Dominion Bank raised its position in shares of Old Dominion Freight Line by 77.7% in the third quarter. Toronto Dominion Bank now owns 98,061 shares of the transportation company’s stock valued at $19,479,000 after buying an additional 42,880 shares in the last quarter. Board of the Pension Protection Fund bought a new stake in shares of Old Dominion Freight Line in the fourth quarter valued at approximately $600,000. Finally, Reliant Investment Management LLC grew its position in Old Dominion Freight Line by 10.4% during the fourth quarter. Reliant Investment Management LLC now owns 21,850 shares of the transportation company’s stock worth $3,854,000 after buying an additional 2,060 shares in the last quarter. Institutional investors own 77.82% of the company’s stock.

Old Dominion Freight Line Stock Down 0.3 %

Shares of ODFL opened at $162.50 on Friday. The stock’s 50-day moving average price is $186.05 and its two-hundred day moving average price is $195.34. Old Dominion Freight Line, Inc. has a 12 month low of $159.35 and a 12 month high of $233.26. The company has a market capitalization of $34.54 billion, a PE ratio of 29.65, a PEG ratio of 2.89 and a beta of 1.10. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its earnings results on Wednesday, February 5th. The transportation company reported $1.23 EPS for the quarter, beating the consensus estimate of $1.17 by $0.06. Old Dominion Freight Line had a return on equity of 28.02% and a net margin of 20.40%. On average, analysts anticipate that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current year.

Old Dominion Freight Line Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This is a boost from Old Dominion Freight Line’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a dividend yield of 0.69%. Old Dominion Freight Line’s dividend payout ratio is 18.98%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on ODFL shares. The Goldman Sachs Group upped their target price on Old Dominion Freight Line from $213.00 to $235.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. Stephens reaffirmed an “overweight” rating and set a $240.00 price objective on shares of Old Dominion Freight Line in a research report on Thursday, February 6th. Jefferies Financial Group raised their target price on shares of Old Dominion Freight Line from $185.00 to $190.00 and gave the company a “hold” rating in a report on Friday, January 10th. Truist Financial assumed coverage on shares of Old Dominion Freight Line in a report on Thursday. They set a “buy” rating and a $220.00 price target for the company. Finally, Bank of America decreased their price objective 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. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $202.65.

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.