Brown Advisory Inc. Has $12.73 Million Stock Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Brown Advisory Inc. cut its holdings in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 2.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 72,180 shares of the transportation company's stock after selling 2,079 shares during the quarter. Brown Advisory Inc.'s holdings in Old Dominion Freight Line were worth $12,732,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of ODFL. Norges Bank purchased a new position in Old Dominion Freight Line in the fourth quarter valued at about $494,916,000. T. Rowe Price Investment Management Inc. increased its holdings in Old Dominion Freight Line by 1,575.9% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,447,784 shares of the transportation company's stock worth $255,390,000 after buying an additional 1,361,397 shares during the last quarter. AustralianSuper Pty Ltd bought a new position in Old Dominion Freight Line during the fourth quarter valued at approximately $128,221,000. Raymond James Financial Inc. acquired a new stake in Old Dominion Freight Line in the fourth quarter valued at approximately $114,449,000. Finally, Thrivent Financial for Lutherans boosted its holdings in Old Dominion Freight Line by 92.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,195,331 shares of the transportation company's stock worth $210,856,000 after purchasing an additional 573,586 shares in the last quarter. Hedge funds and other institutional investors own 77.82% of the company's stock.

Old Dominion Freight Line Stock Down 1.8 %

NASDAQ ODFL opened at $153.35 on Wednesday. Old Dominion Freight Line, Inc. has a 1-year low of $144.90 and a 1-year high of $233.26. The company has a market capitalization of $32.53 billion, a price-to-earnings ratio of 27.98, a PEG ratio of 2.89 and a beta of 1.31. The stock's 50 day moving average is $160.87 and its two-hundred day moving average is $185.30. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $1.19 EPS for the quarter, beating the consensus estimate 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 business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the firm earned $1.34 EPS. Old Dominion Freight Line's quarterly revenue was down 5.8% on a year-over-year basis. Equities analysts forecast that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current fiscal year.

Analyst Ratings Changes

ODFL has been the subject of a number of recent analyst reports. Susquehanna decreased their target price on Old Dominion Freight Line from $171.00 to $168.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Raymond James set a $185.00 price target on Old Dominion Freight Line and gave the company an "outperform" rating in a research report on Thursday, April 24th. Deutsche Bank Aktiengesellschaft assumed coverage on Old Dominion Freight Line in a research report on Friday, March 7th. They set a "buy" rating and a $236.00 price objective for the company. JPMorgan Chase & Co. lowered their target price on Old Dominion Freight Line from $174.00 to $158.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Finally, Barclays cut their price target on Old Dominion Freight Line from $185.00 to $170.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Old Dominion Freight Line currently has an average rating of "Hold" and a consensus target price of $183.37.

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.

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