Fjarde AP Fonden Fourth Swedish National Pension Fund Has $18.12 Million Holdings in Old Dominion Freight Line, Inc. $ODFL

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 29.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 115,538 shares of the transportation company’s stock after buying an additional 26,500 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Old Dominion Freight Line were worth $18,116,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ODFL. Brighton Jones LLC boosted its holdings in shares of Old Dominion Freight Line by 5.3% in 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 period. Empowered Funds LLC boosted its holdings in shares of Old Dominion Freight Line by 134.9% in the first quarter. Empowered Funds LLC now owns 10,213 shares of the transportation company’s stock valued at $1,690,000 after buying an additional 5,866 shares during the period. Marshall Wace LLP acquired a new position in shares of Old Dominion Freight Line in the second quarter valued at approximately $7,478,000. Jump Financial LLC acquired a new position in shares of Old Dominion Freight Line in the second quarter valued at approximately $2,891,000. Finally, AXA S.A. boosted its holdings in shares of Old Dominion Freight Line by 1.2% in the second quarter. AXA S.A. now owns 20,253 shares of the transportation company’s stock valued at $3,287,000 after buying an additional 238 shares during the period. Institutional investors and hedge funds own 77.82% of the company’s stock.

Old Dominion Freight Line Trading Down 1.2%

NASDAQ ODFL opened at $242.57 on Friday. The firm’s fifty day moving average price is $209.88 and its two-hundred day moving average price is $185.49. Old Dominion Freight Line, Inc. has a 1 year low of $126.01 and a 1 year high of $249.14. The firm has a market capitalization of $50.45 billion, a P/E ratio of 50.75, a price-to-earnings-growth ratio of 4.92 and a beta of 1.17.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.09. Old Dominion Freight Line had a net margin of 18.46% and a return on equity of 23.42%. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the firm posted $1.19 earnings per share. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. On average, research analysts anticipate that Old Dominion Freight Line, Inc. will post 5.37 EPS for the current fiscal year.

Old Dominion Freight Line Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Wednesday, June 3rd. Old Dominion Freight Line’s dividend payout ratio is 24.27%.

Insider Transactions at Old Dominion Freight Line

In other Old Dominion Freight Line news, Director Greg C. Gantt sold 22,107 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $191.52, for a total transaction of $4,233,932.64. Following the sale, the director directly owned 88,551 shares of the company’s stock, valued at approximately $16,959,287.52. This represents a 19.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 10.00% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Raymond James Financial reiterated an “outperform” rating and issued a $224.00 price target on shares of Old Dominion Freight Line in a report on Thursday, April 30th. Wells Fargo & Company set a $235.00 price objective on shares of Old Dominion Freight Line and gave the stock an “equal weight” rating in a research report on Friday. Benchmark reissued a “hold” rating on shares of Old Dominion Freight Line in a research report on Thursday. Stifel Nicolaus boosted their price objective on shares of Old Dominion Freight Line from $228.00 to $232.00 in a research report on Thursday, April 30th. Finally, Morgan Stanley set a $235.00 price objective on shares of Old Dominion Freight Line and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Eight analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $208.33.

About Old Dominion Freight Line

Old Dominion Freight Line is a U.S.-based less-than-truckload (LTL) transportation company that provides regional, inter-regional and national freight services. Founded in 1934 and headquartered in Thomasville, North Carolina, the company has grown from a regional carrier into a national freight network, operating a broad system of service centers and terminals to move shipments for shippers of varying sizes and industries.

The company’s core business is LTL trucking, offering scheduled pickup and delivery for palletized freight that does not require a full truckload.