Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG raised its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 21.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 890,934 shares of the transportation company's stock after acquiring an additional 156,853 shares during the period. Deutsche Bank AG owned approximately 0.42% of Old Dominion Freight Line worth $157,161,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its stake in Old Dominion Freight Line by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 4,927,383 shares of the transportation company's stock valued at $870,311,000 after acquiring an additional 96,410 shares during the last quarter. Norges Bank purchased a new position in shares of Old Dominion Freight Line during the 4th quarter worth approximately $494,916,000. Capital World Investors raised its stake in shares of Old Dominion Freight Line by 1.1% during the 4th quarter. Capital World Investors now owns 2,510,101 shares of the transportation company's stock worth $442,784,000 after buying an additional 27,367 shares in the last quarter. Northern Trust Corp raised its stake in shares of Old Dominion Freight Line by 15.2% during the 4th quarter. Northern Trust Corp now owns 1,983,857 shares of the transportation company's stock worth $349,952,000 after buying an additional 261,305 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in shares of Old Dominion Freight Line by 13.6% during the 4th quarter. First Trust Advisors LP now owns 1,547,441 shares of the transportation company's stock worth $272,969,000 after buying an additional 185,500 shares in the last quarter. 77.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. cut their target price on Old Dominion Freight Line from $174.00 to $158.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Bank of America cut their target price on Old Dominion Freight Line from $237.00 to $204.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. Raymond James set a $185.00 target price on Old Dominion Freight Line and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Stephens restated 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, Wells Fargo & Company set a $150.00 price target on Old Dominion Freight Line and gave the stock an "underweight" rating in a report on Thursday, April 24th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $183.37.

Old Dominion Freight Line Trading Up 11.2%

Shares of NASDAQ:ODFL traded up $17.79 during midday trading on Monday, reaching $176.07. The company's stock had a trading volume of 3,596,253 shares, compared to its average volume of 1,686,410. The firm has a market cap of $37.21 billion, a price-to-earnings ratio of 32.13, a price-to-earnings-growth ratio of 2.89 and a beta of 1.31. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.01. Old Dominion Freight Line, Inc. has a 1 year low of $144.90 and a 1 year high of $233.26. The business has a 50 day moving average price of $159.87 and a 200 day moving average price of $184.32.

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 EPS for the quarter, beating analysts' consensus estimates of $1.14 by $0.05. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.38 billion. Old Dominion Freight Line had a return on equity of 28.02% and a net margin of 20.40%. The business's revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.34 earnings per share. Research analysts forecast 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.