Two Sigma Investments LP Grows Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Two Sigma Investments LP increased its holdings in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 26.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 466,933 shares of the transportation company's stock after purchasing an additional 97,949 shares during the quarter. Two Sigma Investments LP owned 0.22% of Old Dominion Freight Line worth $82,367,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC increased its position in shares of Old Dominion Freight Line by 2.0% during the fourth 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 acquired a new position in shares of Old Dominion Freight Line in the 4th quarter worth approximately $494,916,000. Capital World Investors boosted its position 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 purchasing an additional 27,367 shares during the period. Northern Trust Corp increased its holdings in Old Dominion Freight Line by 15.2% in the 4th quarter. Northern Trust Corp now owns 1,983,857 shares of the transportation company's stock valued at $349,952,000 after purchasing an additional 261,305 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in Old Dominion Freight Line by 13.6% in the 4th quarter. First Trust Advisors LP now owns 1,547,441 shares of the transportation company's stock valued at $272,969,000 after purchasing an additional 185,500 shares during the last quarter. 77.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on ODFL shares. StockNews.com lowered Old Dominion Freight Line from a "hold" rating to a "sell" rating in a research report on Saturday, March 29th. 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 target price on the stock. Wells Fargo & Company set a $150.00 target price on Old Dominion Freight Line and gave the company an "underweight" rating in a report on Thursday, April 24th. Evercore ISI cut their price target on shares of Old Dominion Freight Line from $164.00 to $156.00 and set an "in-line" rating on the stock in a research note on Thursday, April 24th. Finally, Stephens reissued an "overweight" rating and set a $180.00 price target (down previously from $200.00) on shares of Old Dominion Freight Line in a research report on Thursday, April 24th. Two 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 company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $182.26.

Old Dominion Freight Line Stock Up 0.2%

Old Dominion Freight Line stock opened at $171.61 on Tuesday. The stock has a market cap of $36.27 billion, a PE ratio of 31.32, a P/E/G ratio of 2.89 and a beta of 1.31. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.33 and a quick ratio of 1.33. The stock's fifty day moving average is $159.65 and its two-hundred day moving average is $183.25. Old Dominion Freight Line, Inc. has a 1-year low of $144.90 and a 1-year high of $233.26.

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 EPS for the quarter, beating analysts' consensus estimates of $1.14 by $0.05. The business had revenue of $1.37 billion for 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 prior year, the business posted $1.34 EPS. On average, sell-side analysts expect that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current fiscal 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.

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