Calton & Associates Inc. lowered its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 56.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,425 shares of the transportation company's stock after selling 1,875 shares during the period. Calton & Associates Inc.'s holdings in Old Dominion Freight Line were worth $251,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. Wellington Management Group LLP grew its holdings in shares of Old Dominion Freight Line by 109.5% during the third quarter. Wellington Management Group LLP now owns 1,435,228 shares of the transportation company's stock worth $285,094,000 after purchasing an additional 750,073 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Old Dominion Freight Line by 19,764.0% in the third quarter. International Assets Investment Management LLC now owns 685,308 shares of the transportation company's stock valued at $136,130,000 after purchasing an additional 681,858 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Old Dominion Freight Line by 74.8% in the third quarter. Franklin Resources Inc. now owns 1,022,812 shares of the transportation company's stock worth $207,068,000 after acquiring an additional 437,700 shares during the period. State Street Corp increased its stake in Old Dominion Freight Line by 3.8% in the 3rd quarter. State Street Corp now owns 7,633,531 shares of the transportation company's stock worth $1,516,324,000 after acquiring an additional 279,946 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Old Dominion Freight Line by 6.0% in the 3rd quarter. Geode Capital Management LLC now owns 4,830,973 shares of the transportation company's stock worth $959,005,000 after buying an additional 275,236 shares during the last quarter. Institutional investors own 77.82% of the company's stock.
Old Dominion Freight Line Stock Up 0.6 %
Old Dominion Freight Line stock traded up $1.15 during mid-day trading on Tuesday, reaching $183.20. 1,145,569 shares of the company were exchanged, compared to its average volume of 1,370,764. The business has a fifty day moving average of $192.67 and a 200 day moving average of $197.81. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.33. Old Dominion Freight Line, Inc. has a 12-month low of $165.49 and a 12-month high of $233.26. The firm has a market cap of $39.11 billion, a P/E ratio of 31.99, a PEG ratio of 4.95 and a beta of 1.05.
Insider Transactions at Old Dominion Freight Line
In other news, Director Leo H. Suggs sold 3,000 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $225.44, for a total value of $676,320.00. Following the transaction, the director now directly owns 7,383 shares of the company's stock, valued at approximately $1,664,423.52. This represents a 28.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 9.90% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on ODFL shares. Robert W. Baird cut their price target on shares of Old Dominion Freight Line from $204.00 to $200.00 and set an "outperform" rating on the stock in a report on Thursday, October 24th. Argus downgraded Old Dominion Freight Line from a "buy" rating to a "hold" rating in a report on Tuesday, November 12th. Wells Fargo & Company lowered their price target on Old Dominion Freight Line from $195.00 to $185.00 and set an "underweight" rating on the stock in a report on Tuesday, January 7th. Stephens reiterated an "overweight" rating and issued a $240.00 price target on shares of Old Dominion Freight Line in a research report on Wednesday, December 4th. Finally, Stifel Nicolaus boosted their price objective on Old Dominion Freight Line from $176.00 to $193.00 and gave the company a "hold" rating in a research report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, sixteen have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $202.44.
Read Our Latest Stock Analysis on Old Dominion Freight Line
Old Dominion Freight Line Company Profile
(
Free Report)
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.
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