Robert W. Baird Upgrades Old Dominion Freight Line (NASDAQ:ODFL) to "Outperform"

Robert W. Baird upgraded shares of Old Dominion Freight Line (NASDAQ:ODFL - Free Report) from a neutral rating to an outperform rating in a research note released on Wednesday, Marketbeat.com reports. They currently have $205.00 price target on the transportation company's stock.

A number of other research analysts have also recently commented on the stock. Evercore ISI decreased their target price on shares of Old Dominion Freight Line from $241.00 to $225.00 and set an outperform rating on the stock in a research report on Thursday, April 25th. Vertical Research raised shares of Old Dominion Freight Line from a sell rating to a hold rating and set a $175.00 price target on the stock in a research report on Monday, April 29th. Stifel Nicolaus increased their price target on shares of Old Dominion Freight Line from $208.00 to $217.00 and gave the stock a buy rating in a research report on Wednesday, January 10th. Bank of America reduced their price target on shares of Old Dominion Freight Line from $223.00 to $205.00 and set a neutral rating on the stock in a research report on Thursday, April 25th. Finally, Raymond James increased their price target on shares of 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. Twelve research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Hold and a consensus price target of $209.08.

Old Dominion Freight Line Trading Down 1.7 %

Shares of ODFL traded down $3.09 during mid-day trading on Wednesday, reaching $181.70. The stock had a trading volume of 1,208,148 shares, compared to its average volume of 1,452,763. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.29 and a quick ratio of 2.10. Old Dominion Freight Line has a 52-week low of $147.90 and a 52-week high of $227.80. The business's fifty day moving average is $215.39 and its 200 day moving average is $205.32. The firm has a market cap of $39.55 billion, a price-to-earnings ratio of 32.53, a P/E/G ratio of 2.94 and a beta of 1.07.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last announced its quarterly earnings data 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 net margin of 21.19% and a return on equity of 30.12%. The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.47 billion. On average, sell-side analysts predict that Old Dominion Freight Line will post 6.04 EPS for the current fiscal year.

Insider Transactions at Old Dominion Freight Line

In other news, Director John D. Kasarda sold 15,944 shares of the firm's stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $221.08, for a total transaction of $3,524,819.80. Following the transaction, the director now directly owns 13,540 shares in the company, valued at $2,993,355.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 10.40% of the company's stock.

Institutional Trading of Old Dominion Freight Line

Several hedge funds have recently made changes to their positions in ODFL. Bell Investment Advisors Inc lifted its position in Old Dominion Freight Line by 104.8% in the first quarter. Bell Investment Advisors Inc now owns 172 shares of the transportation company's stock valued at $38,000 after purchasing an additional 88 shares during the period. William Blair Investment Management LLC lifted its holdings in Old Dominion Freight Line by 102.3% in the first quarter. William Blair Investment Management LLC now owns 202,221 shares of the transportation company's stock valued at $44,349,000 after acquiring an additional 102,269 shares during the period. Motley Fool Asset Management LLC boosted its position in shares of Old Dominion Freight Line by 125.9% during the 1st quarter. Motley Fool Asset Management LLC now owns 7,388 shares of the transportation company's stock worth $1,620,000 after purchasing an additional 4,117 shares in the last quarter. Bleakley Financial Group LLC increased its holdings in shares of Old Dominion Freight Line by 100.2% in the 1st quarter. Bleakley Financial Group LLC now owns 3,701 shares of the transportation company's stock valued at $811,000 after purchasing an additional 1,852 shares in the last quarter. Finally, Heritage Wealth Advisors lifted its stake in shares of Old Dominion Freight Line by 90.2% in the first quarter. Heritage Wealth Advisors now owns 232 shares of the transportation company's stock valued at $51,000 after purchasing an additional 110 shares during the period. Institutional investors and hedge funds own 77.82% of the company's stock.

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.