Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Stock Position Boosted by Focus Partners Wealth

Focus Partners Wealth raised its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 8.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,906 shares of the transportation company's stock after purchasing an additional 2,240 shares during the quarter. Focus Partners Wealth's holdings in Old Dominion Freight Line were worth $4,953,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Hantz Financial Services Inc. grew its stake in shares of Old Dominion Freight Line by 3.6% in the fourth quarter. Hantz Financial Services Inc. now owns 1,568 shares of the transportation company's stock valued at $277,000 after buying an additional 55 shares in the last quarter. D.A. Davidson & CO. grew its position in 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 acquiring an additional 55 shares in the last quarter. Evergreen Private Wealth LLC grew its position in Old Dominion Freight Line by 0.9% in the fourth quarter. Evergreen Private Wealth LLC now owns 6,651 shares of the transportation company's stock valued at $1,173,000 after acquiring an additional 59 shares in the last quarter. Lido Advisors LLC raised its stake in shares of Old Dominion Freight Line by 3.2% during the fourth quarter. Lido Advisors LLC now owns 1,929 shares of the transportation company's stock valued at $340,000 after purchasing an additional 59 shares during the period. Finally, Dorsey & Whitney Trust CO LLC lifted its position in shares of Old Dominion Freight Line by 5.5% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,169 shares of the transportation company's stock worth $206,000 after purchasing an additional 61 shares in the last quarter. Institutional investors and hedge funds own 77.82% of the company's stock.

Old Dominion Freight Line Stock Performance

Shares of ODFL stock traded down $0.43 during trading hours on Tuesday, reaching $171.18. The stock had a trading volume of 206,772 shares, compared to its average volume of 1,672,375. The firm has a market capitalization of $36.17 billion, a PE ratio of 31.28, a price-to-earnings-growth ratio of 2.89 and a beta of 1.31. The firm has a 50-day simple moving average of $159.65 and a 200-day simple moving average of $183.25. 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 announced its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $1.19 EPS for the quarter, beating the consensus estimate of $1.14 by $0.05. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.38 billion. Old Dominion Freight Line had a net margin of 20.40% and a return on equity of 28.02%. Old Dominion Freight Line's revenue was down 5.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.34 earnings per share. As a group, equities analysts forecast that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current year.

Analyst Ratings Changes

ODFL has been the topic of several analyst reports. UBS Group dropped their price target on shares of Old Dominion Freight Line from $196.00 to $158.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Truist Financial dropped their target price on Old Dominion Freight Line from $220.00 to $175.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Jefferies Financial Group cut their price target on Old Dominion Freight Line from $195.00 to $165.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Citigroup raised Old Dominion Freight Line from a "neutral" rating to a "buy" rating and reduced their price target for the company from $186.00 to $183.00 in a report on Tuesday, April 8th. Finally, Barclays cut their target price on Old Dominion Freight Line from $185.00 to $170.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target 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.