Comerica Bank Has $5.86 Million Holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Comerica Bank cut its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 15.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 33,226 shares of the transportation company's stock after selling 6,269 shares during the quarter. Comerica Bank's holdings in Old Dominion Freight Line were worth $5,861,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ODFL. Hantz Financial Services Inc. boosted its position in shares of Old Dominion Freight Line by 3.6% during the 4th quarter. Hantz Financial Services Inc. now owns 1,568 shares of the transportation company's stock valued at $277,000 after acquiring an additional 55 shares in the last quarter. D.A. Davidson & CO. raised its holdings in shares of Old Dominion Freight Line by 1.9% in the fourth quarter. D.A. Davidson & CO. now owns 2,888 shares of the transportation company's stock valued at $509,000 after buying an additional 55 shares during the last quarter. Evergreen Private Wealth LLC raised its position in Old Dominion Freight Line by 0.9% in the 4th quarter. Evergreen Private Wealth LLC now owns 6,651 shares of the transportation company's stock worth $1,173,000 after purchasing an additional 59 shares during the last quarter. Lido Advisors LLC boosted its stake in Old Dominion Freight Line by 3.2% in the fourth quarter. Lido Advisors LLC now owns 1,929 shares of the transportation company's stock valued at $340,000 after acquiring an additional 59 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC raised its position in shares of Old Dominion Freight Line by 5.5% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,169 shares of the transportation company's stock valued at $206,000 after acquiring an additional 61 shares during the last quarter. 77.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ODFL has been the subject of a number of recent analyst reports. Susquehanna lowered their price target on Old Dominion Freight Line from $171.00 to $168.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Barclays reduced their price objective on Old Dominion Freight Line from $185.00 to $170.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. Citigroup upgraded shares of Old Dominion Freight Line from a "neutral" rating to a "buy" rating and lowered their price target for the company from $186.00 to $183.00 in a research note on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft assumed coverage on Old Dominion Freight Line in a research note on Friday, March 7th. They set a "buy" rating and a $236.00 price objective on the stock. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Old Dominion Freight Line from $174.00 to $158.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $183.37.

Old Dominion Freight Line Trading Down 1.1 %

Shares of Old Dominion Freight Line stock traded down $1.84 on Friday, hitting $158.28. The stock had a trading volume of 1,056,595 shares, compared to its average volume of 1,676,342. The stock has a 50 day moving average of $160.21 and a 200 day moving average of $184.83. The firm has a market capitalization of $33.58 billion, a P/E ratio of 28.88, a PEG ratio of 2.89 and a beta of 1.31. Old Dominion Freight Line, Inc. has a twelve month low of $144.90 and a twelve month high of $233.26. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.33.

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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.05. The firm had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.38 billion. Old Dominion Freight Line had a net margin of 20.40% and a return on equity of 28.02%. The company's revenue was down 5.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.34 EPS. Sell-side analysts expect that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current fiscal year.

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.