Meeder Asset Management Inc. Buys 682 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Meeder Asset Management Inc. boosted its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 1,843.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 719 shares of the transportation company’s stock after purchasing an additional 682 shares during the quarter. Meeder Asset Management Inc.’s holdings in Old Dominion Freight Line were worth $127,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Public Sector Pension Investment Board lifted its stake in shares of Old Dominion Freight Line by 62.7% in the third quarter. Public Sector Pension Investment Board now owns 7,266 shares of the transportation company’s stock valued at $1,443,000 after buying an additional 2,800 shares in the last quarter. Hantz Financial Services Inc. lifted its position in Old Dominion Freight Line by 3.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,513 shares of the transportation company’s stock valued at $301,000 after acquiring an additional 56 shares in the last quarter. Captrust Financial Advisors lifted its position in Old Dominion Freight Line by 1.7% in the 3rd quarter. Captrust Financial Advisors now owns 7,502 shares of the transportation company’s stock valued at $1,490,000 after acquiring an additional 124 shares in the last quarter. Erste Asset Management GmbH acquired a new position in Old Dominion Freight Line during the 3rd quarter valued at about $4,402,000. Finally, Benjamin Edwards Inc. increased its holdings in Old Dominion Freight Line by 1,448.6% during the 3rd quarter. Benjamin Edwards Inc. now owns 2,230 shares of the transportation company’s stock worth $443,000 after purchasing an additional 2,086 shares in the last quarter. 77.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Stephens reaffirmed an “overweight” rating and set a $240.00 target price on shares of Old Dominion Freight Line in a research report on Thursday, February 6th. The Goldman Sachs Group upped their target price 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. Morgan Stanley raised their price target on shares of Old Dominion Freight Line from $165.00 to $170.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Truist Financial assumed coverage on shares of Old Dominion Freight Line in a research report on Thursday, March 13th. They issued a “buy” rating and a $220.00 price objective for the company. Finally, Evercore ISI lifted their target price on shares of Old Dominion Freight Line from $199.00 to $202.00 and gave the stock an “in-line” rating in a research report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $200.20.

Old Dominion Freight Line Trading Up 1.0 %

Shares of ODFL opened at $167.09 on Wednesday. Old Dominion Freight Line, Inc. has a twelve month low of $157.67 and a twelve month high of $233.26. The stock has a market cap of $35.51 billion, a PE ratio of 30.49, a P/E/G ratio of 2.89 and a beta of 1.10. 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 business’s 50-day moving average price is $181.68 and its 200-day moving average price is $193.23.

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 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 disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.67%. This is a boost from Old Dominion Freight Line’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Wednesday, March 5th. Old Dominion Freight Line’s dividend payout ratio is 18.98%.

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.