Deseret Mutual Benefit Administrators Purchases 99 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Deseret Mutual Benefit Administrators lifted its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 25.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 495 shares of the transportation company’s stock after acquiring an additional 99 shares during the period. Deseret Mutual Benefit Administrators’ holdings in Old Dominion Freight Line were worth $87,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in ODFL. Paradigm Asset Management Co. LLC bought a new stake in Old Dominion Freight Line in the 4th quarter worth approximately $776,000. Flossbach Von Storch SE grew its position in 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 purchasing an additional 197,461 shares during the period. Handelsbanken Fonder AB grew its position in Old Dominion Freight Line by 11.1% in the 4th quarter. Handelsbanken Fonder AB now owns 117,487 shares of the transportation company’s stock worth $20,725,000 after purchasing an additional 11,715 shares during the period. Freedom Day Solutions LLC grew its position in Old Dominion Freight Line by 11.2% in the 4th quarter. Freedom Day Solutions LLC now owns 11,014 shares of the transportation company’s stock worth $1,943,000 after purchasing an additional 1,108 shares during the period. Finally, Global Retirement Partners LLC boosted its stake in shares of Old Dominion Freight Line by 1.4% during the 4th quarter. Global Retirement Partners LLC now owns 6,067 shares of the transportation company’s stock worth $1,070,000 after acquiring an additional 83 shares during the last quarter. Institutional investors own 77.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ODFL shares. The Goldman Sachs Group lifted their price target on shares of Old Dominion Freight Line from $213.00 to $235.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. Argus cut shares of Old Dominion Freight Line from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Barclays dropped their price target on shares of Old Dominion Freight Line from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Stifel Nicolaus lifted their target price on shares of Old Dominion Freight Line from $176.00 to $193.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Finally, Citigroup lifted their target price on shares of Old Dominion Freight Line from $201.00 to $241.00 and gave the company a “neutral” rating in a research note on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Old Dominion Freight Line has an average rating of “Hold” and a consensus target price of $203.33.

Old Dominion Freight Line Stock Performance

Old Dominion Freight Line stock opened at $180.40 on Friday. The company’s 50-day moving average price is $188.96 and its 200-day moving average price is $197.81. Old Dominion Freight Line, Inc. has a twelve month low of $165.49 and a twelve 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 company has a market cap of $38.52 billion, a PE ratio of 32.92, a price-to-earnings-growth ratio of 2.89 and a beta of 1.05.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its earnings results on Wednesday, February 5th. The transportation company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.06. Old Dominion Freight Line had a net margin of 20.40% and a return on equity of 28.02%. On average, equities research analysts forecast 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 declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.62%. This is an increase from Old Dominion Freight Line’s previous quarterly dividend of $0.26. The ex-dividend date is Wednesday, March 5th. Old Dominion Freight Line’s dividend payout ratio is presently 18.98%.

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.