Flossbach Von Storch SE Has $61.66 Million Stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Flossbach Von Storch SE grew its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 2.8% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 372,705 shares of the transportation company’s stock after buying an additional 9,999 shares during the period. Flossbach Von Storch SE’s holdings in Old Dominion Freight Line were worth $61,664,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in ODFL. Brighton Jones LLC raised its position in shares of Old Dominion Freight Line by 5.3% during the fourth quarter. Brighton Jones LLC now owns 1,559 shares of the transportation company’s stock valued at $275,000 after buying an additional 79 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of Old Dominion Freight Line by 8.4% during the fourth quarter. Jones Financial Companies Lllp now owns 2,730 shares of the transportation company’s stock valued at $482,000 after buying an additional 212 shares during the last quarter. Assetmark Inc. raised its position in shares of Old Dominion Freight Line by 9.4% during the fourth quarter. Assetmark Inc. now owns 1,600 shares of the transportation company’s stock valued at $282,000 after buying an additional 137 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Old Dominion Freight Line during the fourth quarter valued at about $283,000. Finally, Callan Family Office LLC acquired a new position in shares of Old Dominion Freight Line during the fourth quarter valued at about $307,000. Institutional investors and hedge funds own 77.82% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on ODFL shares. Bank of America upped their price objective on shares of Old Dominion Freight Line from $167.00 to $183.00 and gave the company a “neutral” rating in a research report on Friday, May 16th. Stephens reissued an “overweight” rating and issued a $180.00 target price (down previously from $200.00) on shares of Old Dominion Freight Line in a research note on Thursday, April 24th. Barclays lowered their target price on shares of Old Dominion Freight Line from $185.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 24th. Jefferies Financial Group lowered their target price on shares of Old Dominion Freight Line from $195.00 to $165.00 and set a “hold” rating on the stock in a research note on Wednesday, April 9th. Finally, Susquehanna lowered their target price on shares of Old Dominion Freight Line from $168.00 to $160.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 18th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Old Dominion Freight Line presently has a consensus rating of “Hold” and a consensus price target of $174.45.

Old Dominion Freight Line Price Performance

ODFL opened at $167.38 on Wednesday. Old Dominion Freight Line, Inc. has a one year low of $144.90 and a one year high of $233.26. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.32 and a quick ratio of 1.32. The company’s 50 day simple moving average is $162.66 and its 200-day simple moving average is $170.88. The stock has a market capitalization of $35.37 billion, a P/E ratio of 31.40, a price-to-earnings-growth ratio of 3.39 and a beta of 1.25.

Old Dominion Freight Line (NASDAQ:ODFL) last released its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $1.19 EPS for the quarter, beating the consensus estimate of $1.14 by $0.05. Old Dominion Freight Line had a net margin of 20.04% and a return on equity of 27.40%. The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the prior year, the firm earned $1.34 earnings per share. Old Dominion Freight Line’s revenue was down 5.8% compared to the same quarter last year. Sell-side analysts anticipate that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current fiscal year.

Old Dominion Freight Line Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $1.12 annualized dividend and a dividend yield of 0.67%. Old Dominion Freight Line’s dividend payout ratio (DPR) is currently 21.01%.

Old Dominion Freight Line 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.