Jefferies Financial Group Inc. Has $1.22 Million Holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Jefferies Financial Group Inc. boosted its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 15.3% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 7,369 shares of the transportation company’s stock after purchasing an additional 979 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Old Dominion Freight Line were worth $1,219,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. raised its holdings in shares of Old Dominion Freight Line by 1,575.9% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,447,784 shares of the transportation company’s stock valued at $255,390,000 after acquiring an additional 1,361,397 shares during the period. GAMMA Investing LLC raised its holdings in shares of Old Dominion Freight Line by 24,499.9% during the first quarter. GAMMA Investing LLC now owns 514,384 shares of the transportation company’s stock valued at $85,105,000 after acquiring an additional 512,293 shares during the period. Menora Mivtachim Holdings LTD. acquired a new stake in shares of Old Dominion Freight Line during the fourth quarter valued at approximately $79,380,000. Northern Trust Corp raised its holdings in shares of Old Dominion Freight Line by 15.2% during the fourth quarter. Northern Trust Corp now owns 1,983,857 shares of the transportation company’s stock valued at $349,952,000 after acquiring an additional 261,305 shares during the period. Finally, DAVENPORT & Co LLC lifted its stake in Old Dominion Freight Line by 4,463.2% in the 1st quarter. DAVENPORT & Co LLC now owns 261,380 shares of the transportation company’s stock worth $43,253,000 after acquiring an additional 255,652 shares in the last quarter. Institutional investors and hedge funds own 77.82% of the company’s stock.

Old Dominion Freight Line Stock Up 1.8%

ODFL stock opened at $144.36 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.38 and a quick ratio of 1.32. Old Dominion Freight Line, Inc. has a 52-week low of $141.73 and a 52-week high of $233.26. The company has a 50-day moving average of $161.87 and a two-hundred day moving average of $168.14. The stock has a market capitalization of $30.51 billion, a price-to-earnings ratio of 28.20, a price-to-earnings-growth ratio of 3.27 and a beta of 1.24.

Old Dominion Freight Line (NASDAQ:ODFL) last released its quarterly earnings results on Wednesday, July 30th. The transportation company reported $1.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.02). Old Dominion Freight Line had a net margin of 19.42% and a return on equity of 25.94%. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter last year, the company earned $1.48 earnings per share. The firm’s revenue was down 6.1% on a year-over-year basis. As a group, equities research analysts anticipate that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current year.

Old Dominion Freight Line Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd will be issued a dividend of $0.28 per share. The ex-dividend date is Wednesday, September 3rd. This represents a $1.12 annualized dividend and a dividend yield of 0.8%. Old Dominion Freight Line’s payout ratio is presently 21.88%.

Wall Street Analyst Weigh In

ODFL has been the subject of several research analyst reports. Barclays set a $155.00 price objective on Old Dominion Freight Line and gave the stock an “equal weight” rating in a research note on Thursday. Baird R W raised Old Dominion Freight Line to a “hold” rating in a research note on Tuesday, July 1st. Wells Fargo & Company reduced their price objective on Old Dominion Freight Line from $160.00 to $145.00 and set an “underweight” rating for the company in a research note on Thursday, July 31st. JPMorgan Chase & Co. reduced their price objective on Old Dominion Freight Line from $158.00 to $146.00 and set a “neutral” rating for the company in a research note on Tuesday, July 8th. Finally, Stifel Nicolaus reduced their price objective on Old Dominion Freight Line from $183.00 to $168.00 and set a “buy” rating for the company in a research note on Thursday, July 31st. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $167.62.

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.