We Are One Seven LLC increased its stake in shares of Old Dominion Freight Line (NASDAQ:ODFL) by 93.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 3,873 shares of the transportation company’s stock after buying an additional 1,872 shares during the quarter. We Are One Seven LLC’s holdings in Old Dominion Freight Line were worth $559,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. First Hawaiian Bank boosted its holdings in shares of Old Dominion Freight Line by 32.8% during the first quarter. First Hawaiian Bank now owns 4,575 shares of the transportation company’s stock worth $661,000 after purchasing an additional 1,130 shares during the period. Private Trust Co. NA boosted its holdings in shares of Old Dominion Freight Line by 4.3% during the first quarter. Private Trust Co. NA now owns 3,650 shares of the transportation company’s stock worth $527,000 after purchasing an additional 150 shares during the period. Deutsche Bank AG boosted its holdings in shares of Old Dominion Freight Line by 59.3% during the fourth quarter. Deutsche Bank AG now owns 273,008 shares of the transportation company’s stock worth $33,710,000 after purchasing an additional 101,613 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Old Dominion Freight Line by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 685,323 shares of the transportation company’s stock worth $84,580,000 after purchasing an additional 3,291 shares during the period. Finally, Norges Bank acquired a new stake in shares of Old Dominion Freight Line during the fourth quarter worth approximately $89,762,000. Institutional investors and hedge funds own 72.66% of the company’s stock.

NASDAQ ODFL opened at $150.31 on Thursday. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $12.22 billion, a price-to-earnings ratio of 20.37, a price-to-earnings-growth ratio of 2.21 and a beta of 1.44. Old Dominion Freight Line has a 12-month low of $115.00 and a 12-month high of $170.22.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its earnings results on Thursday, February 7th. The transportation company reported $1.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.74 by $0.21. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Old Dominion Freight Line had a net margin of 14.98% and a return on equity of 23.90%. The company’s revenue was up 15.2% compared to the same quarter last year. During the same period in the previous year, the company earned $2.39 earnings per share. As a group, analysts anticipate that Old Dominion Freight Line will post 7.94 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, March 6th were paid a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, March 5th. This is a boost from Old Dominion Freight Line’s previous quarterly dividend of $0.13. This represents a $0.68 dividend on an annualized basis and a yield of 0.45%. Old Dominion Freight Line’s payout ratio is 9.21%.

Several analysts recently commented on ODFL shares. Zacks Investment Research upgraded shares of Old Dominion Freight Line from a “hold” rating to a “buy” rating and set a $146.00 price target for the company in a report on Thursday, December 13th. Credit Suisse Group restated a “buy” rating and set a $147.00 price target on shares of Old Dominion Freight Line in a report on Tuesday, January 15th. BidaskClub upgraded shares of Old Dominion Freight Line from a “sell” rating to a “hold” rating in a report on Saturday, January 19th. Cowen raised their price target on shares of Old Dominion Freight Line from $133.00 to $142.00 and gave the stock a “market perform” rating in a report on Thursday, February 7th. Finally, KeyCorp raised their price target on shares of Old Dominion Freight Line from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, February 8th. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $148.56.

In other Old Dominion Freight Line news, SVP David J. Bates sold 1,951 shares of Old Dominion Freight Line stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $151.84, for a total value of $296,239.84. Following the completion of the sale, the senior vice president now directly owns 6,027 shares in the company, valued at $915,139.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 12.00% of the stock is owned by insiders.

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About Old Dominion Freight Line

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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Want to see what other hedge funds are holding ODFL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Old Dominion Freight Line (NASDAQ:ODFL).

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

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