Harel Insurance Investments & Financial Services Ltd. Grows Stock Holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Harel Insurance Investments & Financial Services Ltd. raised its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 4.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,233 shares of the transportation company’s stock after acquiring an additional 55 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Old Dominion Freight Line were worth $990,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD increased its position in shares of Old Dominion Freight Line by 50.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,606,010 shares of the transportation company’s stock valued at $1,289,361,000 after buying an additional 2,214,190 shares during the period. Norges Bank purchased a new position in shares of Old Dominion Freight Line during the fourth quarter valued at about $179,498,000. BlackRock Inc. increased its position in shares of Old Dominion Freight Line by 6.3% during the fourth quarter. BlackRock Inc. now owns 8,084,935 shares of the transportation company’s stock valued at $1,578,017,000 after buying an additional 478,782 shares during the period. Wells Fargo & Company MN increased its position in shares of Old Dominion Freight Line by 33.1% during the fourth quarter. Wells Fargo & Company MN now owns 699,248 shares of the transportation company’s stock valued at $136,479,000 after buying an additional 173,737 shares during the period. Finally, KBC Group NV increased its position in shares of Old Dominion Freight Line by 73.8% during the fourth quarter. KBC Group NV now owns 380,358 shares of the transportation company’s stock valued at $74,238,000 after buying an additional 161,526 shares during the period. Hedge funds and other institutional investors own 70.60% of the company’s stock.

Several equities analysts recently issued reports on ODFL shares. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Old Dominion Freight Line from $224.00 to $250.00 and gave the company a “hold” rating in a research report on Thursday, April 29th. UBS Group started coverage on shares of Old Dominion Freight Line in a research note on Tuesday, January 19th. They set a “buy” rating on the stock. Stephens boosted their price objective on shares of Old Dominion Freight Line from $240.00 to $280.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 13th. KeyCorp boosted their price objective on shares of Old Dominion Freight Line from $230.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, April 29th. Finally, Smith Barney Citigroup boosted their price objective on shares of Old Dominion Freight Line from $200.00 to $225.00 in a research note on Thursday, January 14th. One analyst has rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $234.29.

Shares of Old Dominion Freight Line stock opened at $261.67 on Tuesday. The company has a market cap of $30.34 billion, a price-to-earnings ratio of 49.65, a price-to-earnings-growth ratio of 1.89 and a beta of 1.00. The company’s 50 day moving average is $244.33 and its 200 day moving average is $214.57. Old Dominion Freight Line, Inc. has a twelve month low of $144.41 and a twelve month high of $262.91. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.03.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its quarterly earnings data on Thursday, April 22nd. The transportation company reported $1.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.58 by $0.12. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.11 billion. Old Dominion Freight Line had a net margin of 15.87% and a return on equity of 20.47%. The firm’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.11 earnings per share. Sell-side analysts expect that Old Dominion Freight Line, Inc. will post 5.61 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 17th. Shareholders of record on Wednesday, March 3rd were issued a dividend of $0.20 per share. This is a boost from Old Dominion Freight Line’s previous quarterly dividend of $0.15. This represents a $0.80 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date of this dividend was Tuesday, March 2nd. Old Dominion Freight Line’s dividend payout ratio is currently 15.66%.

Old Dominion Freight Line Profile

Old Dominion Freight Line, Inc operates as a less-than-truckload (LTL) motor carrier in the United States and North America. It provides regional, inter-regional, and national LTL services, including expedited transportation. The company also offers various value-added services, such as container drayage, truckload brokerage, and supply chain consulting.

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Institutional Ownership by Quarter for Old Dominion Freight Line (NASDAQ:ODFL)

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