Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Shares Acquired by Nomura Holdings Inc.

Nomura Holdings Inc. lifted its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 39.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,728 shares of the transportation company's stock after acquiring an additional 7,275 shares during the period. Nomura Holdings Inc.'s holdings in Old Dominion Freight Line were worth $4,538,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Whipplewood Advisors LLC acquired a new position in shares of Old Dominion Freight Line in the 4th quarter valued at $35,000. Itau Unibanco Holding S.A. boosted its holdings in Old Dominion Freight Line by 518.9% in the fourth quarter. Itau Unibanco Holding S.A. now owns 229 shares of the transportation company's stock valued at $40,000 after purchasing an additional 192 shares during the last quarter. Synergy Asset Management LLC purchased a new stake in Old Dominion Freight Line in the fourth quarter valued at $41,000. Murphy & Mullick Capital Management Corp purchased a new stake in Old Dominion Freight Line in the fourth quarter valued at $51,000. Finally, CoreCap Advisors LLC boosted its holdings in Old Dominion Freight Line by 98.2% in the fourth quarter. CoreCap Advisors LLC now owns 339 shares of the transportation company's stock valued at $60,000 after purchasing an additional 168 shares during the last quarter. 77.82% of the stock is owned by institutional investors and hedge funds.

Old Dominion Freight Line Price Performance

ODFL stock traded up $0.33 during mid-day trading on Monday, reaching $171.61. The company's 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 company's 50 day moving average is $159.51 and its two-hundred day moving average is $183.45. The stock has a market cap of $36.27 billion, a PE ratio of 31.32, a P/E/G ratio of 2.89 and a beta of 1.31. Old Dominion Freight Line, Inc. has a fifty-two week low of $144.90 and a fifty-two 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 earnings per share for the quarter, topping analysts' consensus estimates of $1.14 by $0.05. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.38 billion. Old Dominion Freight Line had a return on equity of 28.02% and a net margin of 20.40%. The firm's revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.34 earnings per share. Equities research analysts expect that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on ODFL. StockNews.com lowered shares of Old Dominion Freight Line from a "hold" rating to a "sell" rating in a report on Saturday, March 29th. Truist Financial lowered 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 report on Thursday, April 24th. Bank of America increased their target price on shares of Old Dominion Freight Line from $167.00 to $183.00 and gave the stock a "neutral" rating in a research note on Friday. Stephens reissued an "overweight" rating and set a $180.00 target price (down from $200.00) on shares of Old Dominion Freight Line in a research note on Thursday, April 24th. Finally, 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 note on Thursday, April 24th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target 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.