FORA Capital LLC bought a new stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,855 shares of the transportation company's stock, valued at approximately $327,000.
Other institutional investors have also recently modified their holdings of the company. Hantz Financial Services Inc. raised its holdings in Old Dominion Freight Line by 3.6% in the 4th quarter. Hantz Financial Services Inc. now owns 1,568 shares of the transportation company's stock worth $277,000 after purchasing an additional 55 shares during the period. 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 worth $509,000 after acquiring an additional 55 shares in the last quarter. Evergreen Private Wealth LLC lifted its stake 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 worth $1,173,000 after purchasing an additional 59 shares during the last quarter. Lido Advisors LLC lifted its stake in Old Dominion Freight Line by 3.2% in the fourth quarter. Lido Advisors LLC now owns 1,929 shares of the transportation company's stock worth $340,000 after purchasing an additional 59 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC lifted its stake in Old Dominion Freight Line by 5.5% in 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 during the last quarter. 77.82% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
ODFL has been the topic of several research reports. Evercore ISI cut their price objective on shares of Old Dominion Freight Line from $164.00 to $156.00 and set an "in-line" rating on the stock in a report on Thursday, April 24th. Morgan Stanley set a $185.00 price objective on shares of Old Dominion Freight Line in a report on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft started coverage on shares of Old Dominion Freight Line in a research report on Friday, March 7th. They set a "buy" rating and a $236.00 target price for the company. Truist Financial decreased their target price on shares of Old Dominion Freight Line from $220.00 to $175.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Finally, 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 research report on Thursday, April 24th. Two investment 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 data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $183.37.
Check Out Our Latest Stock Report on Old Dominion Freight Line
Old Dominion Freight Line Stock Performance
ODFL stock traded up $0.31 during trading on Wednesday, hitting $171.65. The company had a trading volume of 1,470,377 shares, compared to its average volume of 1,684,740. Old Dominion Freight Line, Inc. has a 1-year low of $144.90 and a 1-year high of $233.26. The firm has a 50-day moving average price of $159.74 and a 200-day moving average price of $184.23. The firm has a market cap of $36.27 billion, a PE ratio of 31.32, 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 (NASDAQ:ODFL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $1.19 earnings per share for the quarter, beating analysts' consensus estimates 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 company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the company earned $1.34 EPS. The firm's revenue for the quarter was down 5.8% compared to the same quarter last year. On average, analysts expect that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current year.
About Old Dominion Freight Line
(
Free Report)
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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