Nuveen Asset Management LLC Has $178.59 Million Stock Holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Nuveen Asset Management LLC cut its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 2.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,012,385 shares of the transportation company's stock after selling 26,407 shares during the period. Nuveen Asset Management LLC owned approximately 0.47% of Old Dominion Freight Line worth $178,585,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in shares of Old Dominion Freight Line by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 4,927,383 shares of the transportation company's stock valued at $870,311,000 after purchasing an additional 96,410 shares during the period. Norges Bank bought a new position in shares of Old Dominion Freight Line during the 4th quarter worth about $494,916,000. Capital World Investors boosted its position in shares of Old Dominion Freight Line by 1.1% during the 4th quarter. Capital World Investors now owns 2,510,101 shares of the transportation company's stock valued at $442,784,000 after acquiring an additional 27,367 shares in the last quarter. Northern Trust Corp increased its stake in Old Dominion Freight Line by 15.2% in the fourth quarter. Northern Trust Corp now owns 1,983,857 shares of the transportation company's stock valued at $349,952,000 after acquiring an additional 261,305 shares during the period. Finally, First Trust Advisors LP raised its position in Old Dominion Freight Line by 13.6% in the fourth quarter. First Trust Advisors LP now owns 1,547,441 shares of the transportation company's stock worth $272,969,000 after purchasing an additional 185,500 shares in the last quarter. 77.82% of the stock is owned by institutional investors and hedge funds.

Old Dominion Freight Line Stock Up 0.2%

Shares of NASDAQ:ODFL traded up $0.33 during trading on Monday, hitting $171.61. 2,107,141 shares of the company's stock traded hands, 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 company has a market cap of $36.27 billion, a price-to-earnings ratio of 31.32, a price-to-earnings-growth ratio of 2.89 and a beta of 1.31. The company has a 50-day moving average price of $159.51 and a 200-day moving average price of $183.45. 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 issued its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.05. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.38 billion. Old Dominion Freight Line had a net margin of 20.40% and a return on equity of 28.02%. The firm's revenue was down 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.34 earnings per share. As a group, research analysts forecast that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ODFL. Jefferies Financial Group decreased their price target on Old Dominion Freight Line from $195.00 to $165.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Deutsche Bank Aktiengesellschaft started coverage on Old Dominion Freight Line in a research report on Friday, March 7th. They set a "buy" rating and a $236.00 price target on the stock. Evercore ISI reduced their price objective on Old Dominion Freight Line from $164.00 to $156.00 and set an "in-line" rating on the stock in a research note on Thursday, April 24th. Citigroup upgraded Old Dominion Freight Line from a "neutral" rating to a "buy" rating and decreased their target price for the stock from $186.00 to $183.00 in a report on Tuesday, April 8th. Finally, UBS Group decreased their price objective on shares of Old Dominion Freight Line from $196.00 to $158.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $182.26.

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.