UBS Group Raises Old Dominion Freight Line (NASDAQ:ODFL) Price Target to $205.00

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) had its price objective increased by equities research analysts at UBS Group from $202.00 to $205.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a "neutral" rating on the transportation company's stock. UBS Group's price target suggests a potential upside of 4.24% from the stock's previous close.

A number of other analysts have also issued reports on the stock. Bank of America reiterated a "neutral" rating and set a $223.00 price target (up from $221.50) on shares of Old Dominion Freight Line in a research note on Wednesday, March 6th. Stifel Nicolaus raised their price target on shares of Old Dominion Freight Line from $208.00 to $217.00 and gave the company a "buy" rating in a research report on Wednesday, January 10th. Barclays dropped their price target on shares of Old Dominion Freight Line to $210.00 and set an "equal weight" rating for the company in a research note on Thursday, April 4th. Raymond James boosted their price objective on Old Dominion Freight Line from $207.50 to $233.00 and gave the stock an "outperform" rating in a research report on Monday, April 15th. Finally, Evercore ISI reduced their price objective on shares of Old Dominion Freight Line from $241.00 to $225.00 and set an "outperform" rating on the stock in a report on Thursday. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $211.26.

Old Dominion Freight Line Trading Up 0.8 %

Shares of ODFL stock traded up $1.60 during trading hours on Thursday, hitting $196.66. The company had a trading volume of 2,569,775 shares, compared to its average volume of 1,390,496. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.10 and a quick ratio of 2.10. The stock has a market capitalization of $42.81 billion, a PE ratio of 34.93, a price-to-earnings-growth ratio of 3.15 and a beta of 1.02. The company's fifty day moving average is $220.65 and its 200 day moving average is $206.61. Old Dominion Freight Line has a fifty-two week low of $147.90 and a fifty-two week high of $227.80.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last announced its earnings results on Wednesday, April 24th. The transportation company reported $1.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.33 by $0.01. Old Dominion Freight Line had a return on equity of 31.18% and a net margin of 21.13%. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.47 billion. Research analysts expect that Old Dominion Freight Line will post 6.35 earnings per share for the current fiscal year.

Insider Activity at Old Dominion Freight Line

In other news, Director John D. Kasarda sold 15,944 shares of the firm's stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $221.08, for a total transaction of $3,524,819.80. Following the sale, the director now owns 13,540 shares in the company, valued at $2,993,355.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 10.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Old Dominion Freight Line

Several hedge funds have recently modified their holdings of ODFL. Bank of New York Mellon Corp boosted its holdings in Old Dominion Freight Line by 94.6% in the first quarter. Bank of New York Mellon Corp now owns 5,940,385 shares of the transportation company's stock valued at $1,302,786,000 after acquiring an additional 2,888,205 shares during the last quarter. Norges Bank acquired a new position in shares of Old Dominion Freight Line in the 4th quarter valued at about $495,387,000. WCM Investment Management LLC lifted its stake in shares of Old Dominion Freight Line by 95.9% in the 1st quarter. WCM Investment Management LLC now owns 1,986,197 shares of the transportation company's stock valued at $435,593,000 after purchasing an additional 972,531 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Old Dominion Freight Line by 39,016.7% during the 4th quarter. International Assets Investment Management LLC now owns 705,274 shares of the transportation company's stock worth $285,869,000 after purchasing an additional 703,471 shares during the period. Finally, Canal Capital Management LLC grew its holdings in shares of Old Dominion Freight Line by 100.8% during the 1st quarter. Canal Capital Management LLC now owns 565,496 shares of the transportation company's stock worth $124,019,000 after purchasing an additional 283,884 shares during the period. 77.82% of the stock is owned by institutional investors and hedge funds.

About Old Dominion Freight Line

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.