Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Shares Bought by Blue Square Asset Management LLC

Blue Square Asset Management LLC lifted its holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 100.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,736 shares of the transportation company’s stock after purchasing an additional 868 shares during the period. Blue Square Asset Management LLC’s holdings in Old Dominion Freight Line were worth $381,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Geneva Capital Management LLC raised its holdings in shares of Old Dominion Freight Line by 145.0% during the first quarter. Geneva Capital Management LLC now owns 63,823 shares of the transportation company’s stock valued at $13,997,000 after acquiring an additional 37,770 shares during the period. Csenge Advisory Group raised its holdings in shares of Old Dominion Freight Line by 83.5% during the first quarter. Csenge Advisory Group now owns 1,516 shares of the transportation company’s stock valued at $333,000 after acquiring an additional 690 shares during the period. Signaturefd LLC raised its holdings in shares of Old Dominion Freight Line by 106.1% during the first quarter. Signaturefd LLC now owns 5,342 shares of the transportation company’s stock valued at $1,172,000 after acquiring an additional 2,750 shares during the period. Mediolanum International Funds Ltd acquired a new stake in shares of Old Dominion Freight Line during the first quarter valued at approximately $943,000. Finally, Larson Financial Group LLC raised its holdings in shares of Old Dominion Freight Line by 64.9% during the first quarter. Larson Financial Group LLC now owns 1,230 shares of the transportation company’s stock valued at $270,000 after acquiring an additional 484 shares during the period. Institutional investors and hedge funds own 77.82% of the company’s stock.

Old Dominion Freight Line Price Performance

NASDAQ ODFL traded up $4.64 during trading on Thursday, hitting $186.76. 1,560,379 shares of the company’s stock were exchanged, compared to its average volume of 1,588,305. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.01. The company has a market cap of $40.58 billion, a PE ratio of 32.06, a P/E/G ratio of 2.36 and a beta of 1.00. Old Dominion Freight Line, Inc. has a fifty-two week low of $165.49 and a fifty-two week high of $227.80. The stock’s 50 day moving average price is $177.04 and its two-hundred day moving average price is $199.10.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its earnings results on Wednesday, April 24th. The transportation company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.33 by $0.01. The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.47 billion. Old Dominion Freight Line had a return on equity of 30.12% and a net margin of 21.19%. Research analysts expect that Old Dominion Freight Line, Inc. will post 5.96 EPS for the current year.

Old Dominion Freight Line Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Wednesday, June 5th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.56%. The ex-dividend date was Wednesday, June 5th. Old Dominion Freight Line’s payout ratio is presently 18.31%.

Analyst Ratings Changes

A number of research analysts recently commented on ODFL shares. Morgan Stanley lowered their price objective on shares of Old Dominion Freight Line from $174.00 to $168.00 and set an “equal weight” rating on the stock in a research report on Monday. BMO Capital Markets started coverage on shares of Old Dominion Freight Line in a research report on Wednesday, June 5th. They set an “outperform” rating and a $210.00 price objective on the stock. Baird R W raised shares of Old Dominion Freight Line from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 8th. Susquehanna decreased their target price on shares of Old Dominion Freight Line from $245.00 to $210.00 and set a “positive” rating for the company in a research report on Wednesday, June 12th. Finally, TD Cowen decreased their target price on shares of Old Dominion Freight Line from $209.00 to $206.00 and set a “hold” rating for the company in a research report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $200.55.

About Old Dominion Freight Line

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.