23,490 Shares in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Acquired by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. purchased a new stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 23,490 shares of the transportation company’s stock, valued at approximately $5,152,000.

A number of other institutional investors have also recently bought and sold shares of ODFL. Schonfeld Strategic Advisors LLC bought a new position in shares of Old Dominion Freight Line during the third quarter worth about $4,016,000. Advisors Asset Management Inc. grew its stake in shares of Old Dominion Freight Line by 16.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 9,098 shares of the transportation company’s stock worth $3,722,000 after acquiring an additional 1,302 shares in the last quarter. Evergreen Capital Management LLC raised its holdings in shares of Old Dominion Freight Line by 13.0% in the third quarter. Evergreen Capital Management LLC now owns 1,113 shares of the transportation company’s stock valued at $455,000 after purchasing an additional 128 shares during the last quarter. Element Capital Management LLC bought a new stake in shares of Old Dominion Freight Line in the third quarter worth $9,141,000. Finally, Lido Advisors LLC boosted its holdings in Old Dominion Freight Line by 3.1% during the third quarter. Lido Advisors LLC now owns 969 shares of the transportation company’s stock worth $397,000 after purchasing an additional 29 shares during the last quarter. Institutional investors own 77.82% of the company’s stock.

Old Dominion Freight Line Trading Up 1.9 %

Shares of NASDAQ:ODFL opened at $182.17 on Wednesday. Old Dominion Freight Line, Inc. has a 12-month low of $165.49 and a 12-month high of $227.80. The business has a 50 day moving average of $177.73 and a 200-day moving average of $199.95. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.01. The stock has a market cap of $39.58 billion, a PE ratio of 32.07, a P/E/G ratio of 2.30 and a beta of 1.00.

Old Dominion Freight Line (NASDAQ:ODFL) last released its quarterly earnings results on Wednesday, April 24th. The transportation company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.01. Old Dominion Freight Line had a return on equity of 30.12% and a net margin of 21.19%. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.47 billion. As a group, equities research analysts forecast that Old Dominion Freight Line, Inc. will post 5.96 earnings per share for the current year.

Old Dominion Freight Line Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Wednesday, June 5th were paid a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, June 5th. This represents a $1.04 annualized dividend and a dividend yield of 0.57%. Old Dominion Freight Line’s dividend payout ratio (DPR) is presently 18.31%.

Analysts Set New Price Targets

Several brokerages have issued reports on ODFL. Baird R W upgraded shares of Old Dominion Freight Line from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 8th. Vertical Research upgraded Old Dominion Freight Line from a “sell” rating to a “hold” rating and set a $175.00 target price on the stock in a report on Monday, April 29th. TD Cowen decreased their price target on Old Dominion Freight Line from $209.00 to $206.00 and set a “hold” rating for the company in a research note on Friday, April 26th. Robert W. Baird raised Old Dominion Freight Line from a “neutral” rating to an “outperform” rating and set a $205.00 price target on the stock in a research report on Wednesday, May 8th. Finally, Barclays cut their price objective on Old Dominion Freight Line from $205.00 to $195.00 and set an “equal weight” rating for the company in a report on Wednesday, June 12th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Old Dominion Freight Line has an average rating of “Hold” and a consensus target price of $201.18.

Old Dominion Freight Line Company 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.