Czech National Bank Has $7.19 Million Stock Holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Czech National Bank grew its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 6.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 40,736 shares of the transportation company’s stock after acquiring an additional 2,320 shares during the quarter. Czech National Bank’s holdings in Old Dominion Freight Line were worth $7,186,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Toronto Dominion Bank lifted its position in Old Dominion Freight Line by 77.7% during the third quarter. Toronto Dominion Bank now owns 98,061 shares of the transportation company’s stock worth $19,479,000 after purchasing an additional 42,880 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in shares of Old Dominion Freight Line by 20.5% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 5,979 shares of the transportation company’s stock worth $1,188,000 after acquiring an additional 1,017 shares during the period. Landscape Capital Management L.L.C. acquired a new stake in shares of Old Dominion Freight Line during the 3rd quarter worth approximately $2,109,000. Kinsale Capital Group Inc. increased its stake in Old Dominion Freight Line by 18.4% in the third quarter. Kinsale Capital Group Inc. now owns 23,293 shares of the transportation company’s stock valued at $4,627,000 after acquiring an additional 3,614 shares during the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new position in Old Dominion Freight Line during the third quarter valued at approximately $30,745,000. 77.82% of the stock is owned by institutional investors and hedge funds.

Old Dominion Freight Line Stock Performance

Shares of ODFL stock opened at $183.62 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.33 and a quick ratio of 1.33. Old Dominion Freight Line, Inc. has a one year low of $165.49 and a one year high of $233.26. The business’s 50 day simple moving average is $202.42 and its 200 day simple moving average is $197.60. The stock has a market capitalization of $39.20 billion, a PE ratio of 32.10, a PEG ratio of 4.21 and a beta of 1.05.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.01. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Old Dominion Freight Line had a net margin of 21.03% and a return on equity of 29.40%. Old Dominion Freight Line’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.54 earnings per share. As a group, research analysts forecast that Old Dominion Freight Line, Inc. will post 5.42 earnings per share for the current year.

Old Dominion Freight Line Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend was Wednesday, December 4th. Old Dominion Freight Line’s dividend payout ratio (DPR) is presently 18.18%.

Insider Activity

In other news, Director Greg C. Gantt sold 7,000 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $200.07, for a total transaction of $1,400,490.00. Following the transaction, the director now owns 97,890 shares of the company’s stock, valued at $19,584,852.30. This represents a 6.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Leo H. Suggs sold 3,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $225.44, for a total value of $676,320.00. Following the completion of the sale, the director now owns 7,383 shares of the company’s stock, valued at approximately $1,664,423.52. This represents a 28.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ODFL has been the topic of a number of research analyst reports. Stifel Nicolaus downgraded Old Dominion Freight Line from a “buy” rating to a “hold” rating and reduced their target price for the company from $209.00 to $197.00 in a report on Monday, October 21st. Stephens reaffirmed an “overweight” rating and issued a $240.00 price objective on shares of Old Dominion Freight Line in a research note on Wednesday, December 4th. Argus downgraded Old Dominion Freight Line from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Susquehanna restated a “neutral” rating and issued a $195.00 price target (down from $218.00) on shares of Old Dominion Freight Line in a research note on Tuesday, January 7th. Finally, Wells Fargo & Company lowered their price objective on shares of Old Dominion Freight Line from $195.00 to $185.00 and set an “underweight” rating for the company in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Old Dominion Freight Line currently has a consensus rating of “Hold” and an average target price of $203.33.

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.