Mercer Global Advisors Inc. ADV Increases Stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Mercer Global Advisors Inc. ADV boosted its holdings in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 93.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,396 shares of the transportation company's stock after acquiring an additional 7,439 shares during the period. Mercer Global Advisors Inc. ADV's holdings in Old Dominion Freight Line were worth $2,716,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of ODFL. Hantz Financial Services Inc. increased 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 buying an additional 55 shares in the last quarter. D.A. Davidson & CO. grew its stake in shares of 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 during the period. Evergreen Private Wealth LLC raised its holdings in shares of Old Dominion Freight Line by 0.9% during the fourth quarter. Evergreen Private Wealth LLC now owns 6,651 shares of the transportation company's stock valued at $1,173,000 after purchasing an additional 59 shares during the last quarter. Lido Advisors LLC lifted its position in 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 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 valued at $206,000 after purchasing an additional 61 shares during the period. Institutional investors own 77.82% of the company's stock.

Analysts Set New Price Targets

ODFL has been the topic of several recent research reports. UBS Group decreased 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 report on Tuesday, April 8th. Susquehanna decreased their target price on Old Dominion Freight Line from $171.00 to $168.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Evercore ISI cut their price target on Old Dominion Freight Line from $164.00 to $156.00 and set an "in-line" rating for the company in a report on Thursday, April 24th. Barclays decreased their price objective on 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. Finally, Raymond James set a $185.00 price target on Old Dominion Freight Line and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $183.37.

Old Dominion Freight Line Trading Down 1.1 %

Shares of ODFL traded down $1.84 during midday trading on Friday, hitting $158.28. The stock had a trading volume of 1,058,011 shares, compared to its average volume of 1,676,472. Old Dominion Freight Line, Inc. has a 1 year low of $144.90 and a 1 year 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. The stock's 50 day moving average is $159.88 and its 200 day moving average is $184.55. The firm has a market cap of $33.58 billion, a PE ratio of 28.88, a price-to-earnings-growth ratio of 2.89 and a beta of 1.31.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last released its earnings results 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 return on equity of 28.02% and a net margin of 20.40%. The firm had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.38 billion. During the same quarter in the prior year, the firm posted $1.34 earnings per share. The company's quarterly revenue was down 5.8% on a year-over-year basis. As a group, analysts forecast 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.