Teza Capital Management LLC Acquires Shares of 1,479 Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Teza Capital Management LLC bought a new position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,479 shares of the transportation company's stock, valued at approximately $261,000.

A number of other large investors also recently modified their holdings of the stock. Toronto Dominion Bank raised its position in Old Dominion Freight Line by 9.7% in the 4th quarter. Toronto Dominion Bank now owns 107,584 shares of the transportation company's stock worth $18,978,000 after purchasing an additional 9,523 shares during the last quarter. Scientech Research LLC acquired a new stake in shares of Old Dominion Freight Line in the 4th quarter valued at $3,180,000. Snowden Capital Advisors LLC increased its stake in shares of Old Dominion Freight Line by 3.1% in the 4th quarter. Snowden Capital Advisors LLC now owns 3,258 shares of the transportation company's stock valued at $575,000 after buying an additional 98 shares during the period. Rafferty Asset Management LLC raised its position in shares of Old Dominion Freight Line by 15.6% during the fourth quarter. Rafferty Asset Management LLC now owns 91,903 shares of the transportation company's stock worth $16,212,000 after acquiring an additional 12,378 shares during the last quarter. Finally, Raiffeisen Bank International AG acquired a new position in shares of Old Dominion Freight Line during the fourth quarter valued at $400,000. 77.82% of the stock is currently owned by institutional investors and hedge funds.

Old Dominion Freight Line Stock Down 1.2%

NASDAQ:ODFL opened at $169.60 on Wednesday. Old Dominion Freight Line, Inc. has a 1 year low of $144.90 and a 1 year high of $233.26. The stock has a 50-day moving average price of $159.78 and a two-hundred day moving average price of $183.15. The stock has a market cap of $35.84 billion, a price-to-earnings ratio of 30.95, a PEG ratio of 2.89 and a beta of 1.31. 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 released its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $1.19 earnings per share 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 analysts' expectations of $1.38 billion. During the same quarter in the previous year, the business posted $1.34 EPS. Old Dominion Freight Line's revenue for the quarter was down 5.8% on a year-over-year basis. As a group, equities analysts expect that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on ODFL. Truist Financial decreased their price target on Old Dominion Freight Line from $220.00 to $175.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Susquehanna reduced their target price on shares of Old Dominion Freight Line from $171.00 to $168.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Jefferies Financial Group lowered their price target on shares of Old Dominion Freight Line from $195.00 to $165.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Bank of America boosted their price target on shares of 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. Finally, Barclays reduced their price objective on shares of Old Dominion Freight Line from $185.00 to $170.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $182.26.

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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