Ameriprise Financial Inc. Acquires 35,778 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Ameriprise Financial Inc. lifted its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,267,640 shares of the transportation company's stock after acquiring an additional 35,778 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.59% of Old Dominion Freight Line worth $223,281,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in ODFL. Avanza Fonder AB bought a new position in shares of Old Dominion Freight Line in the fourth quarter valued at approximately $3,741,000. AustralianSuper Pty Ltd purchased a new position in shares of Old Dominion Freight Line in the 4th quarter worth about $128,221,000. Blueshift Asset Management LLC purchased a new stake in Old Dominion Freight Line during the fourth quarter worth about $630,000. Board of the Pension Protection Fund bought a new stake in Old Dominion Freight Line in the fourth quarter worth about $600,000. Finally, Reliant Investment Management LLC boosted its stake in Old Dominion Freight Line by 10.4% in the fourth quarter. Reliant Investment Management LLC now owns 21,850 shares of the transportation company's stock valued at $3,854,000 after acquiring an additional 2,060 shares during the last quarter. 77.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ODFL has been the topic of a number of research reports. Citigroup raised shares of Old Dominion Freight Line from a "neutral" rating to a "buy" rating and lowered their price target for the stock from $186.00 to $183.00 in a report on Tuesday, April 8th. Susquehanna dropped their price objective on Old Dominion Freight Line from $171.00 to $168.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Raymond James set a $185.00 price objective on Old Dominion Freight Line and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Stephens reissued an "overweight" rating and issued a $180.00 price target (down previously from $200.00) on shares of Old Dominion Freight Line in a report on Thursday, April 24th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Old Dominion Freight Line in a research note on Friday, March 7th. They issued a "buy" rating and a $236.00 target price for the company. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $183.37.

Old Dominion Freight Line Stock Down 1.1 %

NASDAQ:ODFL traded down $1.84 during mid-day trading on Friday, hitting $158.28. 1,058,011 shares of the company's stock were exchanged, compared to its average volume of 1,678,738. The company has a market cap of $33.45 billion, a PE ratio of 28.88, a P/E/G ratio of 2.89 and a beta of 1.31. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.33 and a quick ratio of 1.33. Old Dominion Freight Line, Inc. has a one year low of $144.90 and a one year high of $233.26. The business has a fifty day moving average price of $159.88 and a 200 day moving average price of $184.52.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $1.19 EPS for the quarter, topping analysts' consensus estimates of $1.14 by $0.05. Old Dominion Freight Line had a return on equity of 28.02% and a net margin of 20.40%. The firm had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.38 billion. During the same period in the previous year, the firm posted $1.34 EPS. The business's revenue for the quarter was down 5.8% compared to the same quarter last year. Equities analysts predict that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current year.

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.