Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Shares Bought by Baird Financial Group Inc.

Baird Financial Group Inc. grew its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 6.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 115,256 shares of the transportation company's stock after buying an additional 6,865 shares during the quarter. Baird Financial Group Inc. owned 0.05% of Old Dominion Freight Line worth $20,331,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Avanza Fonder AB purchased a new stake in Old Dominion Freight Line during the fourth quarter worth $3,741,000. AustralianSuper Pty Ltd purchased a new stake in shares of Old Dominion Freight Line during the 4th quarter worth about $128,221,000. Blueshift Asset Management LLC acquired a new stake in shares of Old Dominion Freight Line during the 4th quarter valued at about $630,000. Board of the Pension Protection Fund purchased a new position in shares of Old Dominion Freight Line in the 4th quarter valued at about $600,000. Finally, Ameriprise Financial Inc. increased its stake in shares of Old Dominion Freight Line by 2.9% in the 4th quarter. Ameriprise Financial Inc. now owns 1,267,640 shares of the transportation company's stock valued at $223,281,000 after purchasing an additional 35,778 shares in the last quarter. Hedge funds and other institutional investors own 77.82% of the company's stock.

Old Dominion Freight Line Stock Performance

ODFL traded down $1.84 during trading on Friday, reaching $158.28. The company's stock had a trading volume of 1,058,011 shares, compared to its average volume of 1,676,472. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.33. The company's fifty day moving average price is $159.88 and its 200-day moving average price is $184.55. Old Dominion Freight Line, Inc. has a 52-week low of $144.90 and a 52-week high of $233.26. The company has a market capitalization of $33.58 billion, a price-to-earnings ratio of 28.88, a price-to-earnings-growth ratio of 2.89 and a beta of 1.31.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $1.19 earnings per share 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 analyst estimates of $1.38 billion. During the same quarter in the prior year, the company posted $1.34 earnings per share. Old Dominion Freight Line's quarterly revenue was down 5.8% on a year-over-year basis. On average, equities analysts forecast that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ODFL has been the topic of a number of research analyst reports. Truist Financial lowered their price target on Old Dominion Freight Line from $220.00 to $175.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Bank of America decreased their price objective on shares of Old Dominion Freight Line from $237.00 to $204.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Wells Fargo & Company set a $150.00 price objective on shares of Old Dominion Freight Line and gave the company an "underweight" rating in a research note on Thursday, April 24th. Susquehanna reduced their price target on Old Dominion Freight Line from $171.00 to $168.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Finally, Barclays lowered their target price on shares of Old Dominion Freight Line from $185.00 to $170.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $183.37.

Old Dominion Freight Line Company 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.