GSA Capital Partners LLP acquired a new position in Old Dominion Freight Line (NASDAQ:ODFL) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,308 shares of the company's stock, valued at approximately $284,000.
Other institutional investors also recently added to or reduced their stakes in the company. A.R.T. Advisors LLC acquired a new stake in Old Dominion Freight Line during the fourth quarter worth $2,693,000. Folger Hill Asset Management LP acquired a new stake in Old Dominion Freight Line during the fourth quarter worth $12,222,000. Cantab Capital Partners LLP acquired a new stake in Old Dominion Freight Line during the fourth quarter worth $430,000. Employees Retirement System of Texas acquired a new stake in Old Dominion Freight Line during the fourth quarter worth $3,346,000. Finally, Bluestein R H & Co. acquired a new stake in Old Dominion Freight Line during the fourth quarter worth $217,000. Institutional investors and hedge funds own 77.82% of the company's stock.
Shares of Old Dominion Freight Line (NASDAQ:ODFL) opened at 85.89 on Friday. The firm's 50-day moving average is $89.46 and its 200-day moving average is $82.75. Old Dominion Freight Line has a 12-month low of $56.74 and a 12-month high of $94.97. The company has a market capitalization of $7.08 billion, a price-to-earnings ratio of 24.13 and a beta of 1.02.
Old Dominion Freight Line (NASDAQ:ODFL) last released its quarterly earnings data on Thursday, February 2nd. The company reported $0.83 EPS for the quarter, missing analysts' consensus estimates of $0.86 by $0.03. Old Dominion Freight Line had a net margin of 9.89% and a return on equity of 16.69%. The firm earned $745.74 million during the quarter, compared to the consensus estimate of $739.36 million. During the same quarter last year, the business posted $0.85 earnings per share. Old Dominion Freight Line's revenue was up 1.5% compared to the same quarter last year. On average, equities analysts predict that Old Dominion Freight Line will post $3.94 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 20th. Stockholders of record on Monday, March 6th were given a $0.10 dividend. The ex-dividend date was Thursday, March 2nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.47%.
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A number of research firms have weighed in on ODFL. Zacks Investment Research raised shares of Old Dominion Freight Line from a "hold" rating to a "buy" rating and set a $99.00 target price on the stock in a report on Wednesday, December 7th. Credit Suisse Group AG reissued an "outperform" rating and set a $96.00 target price (up from $92.00) on shares of Old Dominion Freight Line in a report on Monday, March 6th. Finally, Seaport Global Securities reissued a "buy" rating and set a $105.00 target price on shares of Old Dominion Freight Line in a report on Friday, December 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. The company has an average rating of "Buy" and a consensus target price of $93.17.
About Old Dominion Freight Line
Old Dominion Freight Line, Inc is a union-free motor carrier providing regional, inter-regional and national less-than-truckload (LTL) services. The Company's LTL services include ground and air expedited transportation for time-sensitive shipments, consumer household pickup and delivery and freight delivery services throughout North America.
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