Mufg Securities Americas Inc. Purchases Shares of 2,774 Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Mufg Securities Americas Inc. bought a new stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,774 shares of the transportation company's stock, valued at approximately $489,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of ODFL. Nissay Asset Management Corp Japan ADV raised its holdings in Old Dominion Freight Line by 5.2% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 45,344 shares of the transportation company's stock worth $8,172,000 after purchasing an additional 2,249 shares during the last quarter. Nomura Holdings Inc. grew its position in shares of Old Dominion Freight Line by 39.4% in the fourth quarter. Nomura Holdings Inc. now owns 25,728 shares of the transportation company's stock valued at $4,538,000 after purchasing an additional 7,275 shares during the last quarter. NorthRock Partners LLC purchased a new stake in shares of Old Dominion Freight Line in the fourth quarter valued at $456,000. Occudo Quantitative Strategies LP raised its holdings in Old Dominion Freight Line by 21.3% in the 4th quarter. Occudo Quantitative Strategies LP now owns 12,905 shares of the transportation company's stock valued at $2,276,000 after acquiring an additional 2,263 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp increased its stake in shares of Old Dominion Freight Line by 20.1% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 8,179 shares of the transportation company's stock valued at $1,443,000 after acquiring an additional 1,367 shares during the last quarter. 77.82% of the stock is currently owned by institutional investors and hedge funds.

Old Dominion Freight Line Stock Performance

ODFL stock traded up $0.33 during trading on Monday, reaching $171.61. The stock had a trading volume of 2,107,141 shares, compared to its average volume of 1,678,144. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01. The stock's 50 day moving average is $159.51 and its two-hundred day moving average is $183.45. The firm has a market cap of $36.27 billion, a PE ratio of 31.32, a PEG ratio of 2.89 and a beta of 1.31. Old Dominion Freight Line, Inc. has a 52 week low of $144.90 and a 52 week 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, topping the consensus estimate of $1.14 by $0.05. The company 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%. Old Dominion Freight Line's quarterly revenue was down 5.8% on a year-over-year basis. During the same period last year, the business posted $1.34 EPS. As a group, equities analysts anticipate that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Truist Financial dropped their price target on shares of Old Dominion Freight Line from $220.00 to $175.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Barclays dropped their price target 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 report on Thursday, April 24th. Wells Fargo & Company set a $150.00 target price on shares of Old Dominion Freight Line and gave the stock an "underweight" rating in a research report on Thursday, April 24th. Evercore ISI lowered 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 research report on Thursday, April 24th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Old Dominion Freight Line in a research note on Friday, March 7th. They set a "buy" rating and a $236.00 target price for the company. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average 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.