Man Group plc Has $14.72 Million Holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Man Group plc decreased its holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 33.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 83,425 shares of the transportation company's stock after selling 42,570 shares during the quarter. Man Group plc's holdings in Old Dominion Freight Line were worth $14,716,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Avanza Fonder AB acquired a new stake in shares of Old Dominion Freight Line in the 4th quarter valued at $3,741,000. AustralianSuper Pty Ltd acquired 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 fourth quarter worth about $630,000. Ameriprise Financial Inc. boosted its holdings in shares of Old Dominion Freight Line by 2.9% in the fourth quarter. Ameriprise Financial Inc. now owns 1,267,640 shares of the transportation company's stock valued at $223,281,000 after acquiring an additional 35,778 shares during the period. Finally, Reliant Investment Management LLC increased 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 purchasing an additional 2,060 shares during the period. 77.82% of the stock is owned by hedge funds and other institutional investors.

Old Dominion Freight Line Stock Performance

Shares of ODFL traded down $5.41 during trading hours on Wednesday, reaching $164.19. 2,048,818 shares of the company's stock traded hands, compared to its average volume of 1,681,327. The firm has a market capitalization of $34.70 billion, a price-to-earnings ratio of 29.96, a P/E/G ratio of 2.89 and a beta of 1.31. The business's fifty day simple moving average is $159.78 and its two-hundred day simple moving average is $183.15. 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 current ratio of 1.33 and a quick ratio of 1.33.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last posted 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. Old Dominion Freight Line had a net margin of 20.40% and a return on equity of 28.02%. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the business earned $1.34 earnings per share. The business's revenue for the quarter was down 5.8% on a year-over-year basis. Analysts predict that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on ODFL shares. Deutsche Bank Aktiengesellschaft initiated coverage on Old Dominion Freight Line in a report on Friday, March 7th. They issued a "buy" rating and a $236.00 target price on the stock. Bank of America boosted their price target on Old Dominion Freight Line from $167.00 to $183.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Barclays dropped 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 research report on Thursday, April 24th. Stephens restated an "overweight" rating and set a $180.00 target price (down from $200.00) on shares of Old Dominion Freight Line in a report on Thursday, April 24th. Finally, Jefferies Financial Group decreased their target price on Old Dominion Freight Line from $195.00 to $165.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. Two research 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.com, Old Dominion Freight Line presently has an average rating of "Hold" and a consensus target price of $182.26.

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.