Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Shares Bought by Kinsale Capital Group Inc.

Kinsale Capital Group Inc. raised its holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 13.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,473 shares of the transportation company’s stock after purchasing an additional 3,180 shares during the period. Kinsale Capital Group Inc.’s holdings in Old Dominion Freight Line were worth $4,670,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Avanza Fonder AB acquired a new position in shares of Old Dominion Freight Line in the 4th quarter valued at approximately $3,741,000. AustralianSuper Pty Ltd acquired a new position in shares of Old Dominion Freight Line in the 4th quarter valued at approximately $128,221,000. Toronto Dominion Bank raised its position in shares of Old Dominion Freight Line by 77.7% during the 3rd quarter. Toronto Dominion Bank now owns 98,061 shares of the transportation company’s stock valued at $19,479,000 after acquiring an additional 42,880 shares in the last quarter. Board of the Pension Protection Fund acquired a new stake in shares of Old Dominion Freight Line during the 4th quarter valued at approximately $600,000. Finally, Reliant Investment Management LLC raised its position in shares of Old Dominion Freight Line by 10.4% during the 4th quarter. Reliant Investment Management LLC now owns 21,850 shares of the transportation company’s stock valued at $3,854,000 after acquiring an additional 2,060 shares in the last quarter. 77.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on ODFL shares. Evercore ISI upped their price target on Old Dominion Freight Line from $199.00 to $202.00 and gave the company an “in-line” rating in a research report on Thursday, February 6th. Argus lowered Old Dominion Freight Line from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. StockNews.com raised Old Dominion Freight Line from a “sell” rating to a “hold” rating in a research report on Saturday, February 15th. The Goldman Sachs Group upped their price objective on 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. Finally, Citigroup upped their price objective on Old Dominion Freight Line from $201.00 to $241.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $203.72.

Old Dominion Freight Line Trading Up 1.0 %

Shares of Old Dominion Freight Line stock opened at $176.50 on Friday. 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 firm has a market cap of $37.68 billion, a price-to-earnings ratio of 32.21, a price-to-earnings-growth ratio of 2.89 and a beta of 1.05. The business has a fifty day simple moving average of $187.56 and a 200-day simple moving average of $197.25. Old Dominion Freight Line, Inc. has a fifty-two week low of $165.49 and a fifty-two week high of $233.26.

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, equities 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 business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders 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 dividend yield of 0.63%. This is an increase from Old Dominion Freight Line’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Wednesday, March 5th. Old Dominion Freight Line’s dividend payout ratio is currently 18.98%.

About Old Dominion Freight Line

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.