Gotham Asset Management LLC Has $2.97 Million Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Gotham Asset Management LLC cut its holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 32.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 16,837 shares of the transportation company's stock after selling 7,937 shares during the period. Gotham Asset Management LLC's holdings in Old Dominion Freight Line were worth $2,970,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of ODFL. Geode Capital Management LLC raised its holdings 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 buying an additional 96,410 shares during the last quarter. Norges Bank bought a new position in Old Dominion Freight Line in the 4th quarter valued at about $494,916,000. Capital World Investors increased its stake in 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 buying an additional 27,367 shares during the period. Northern Trust Corp raised its position in shares of Old Dominion Freight Line by 15.2% during the 4th quarter. Northern Trust Corp now owns 1,983,857 shares of the transportation company's stock worth $349,952,000 after buying an additional 261,305 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in shares of Old Dominion Freight Line by 13.6% in the 4th quarter. First Trust Advisors LP now owns 1,547,441 shares of the transportation company's stock worth $272,969,000 after acquiring an additional 185,500 shares during the period. Institutional investors own 77.82% of the company's stock.

Old Dominion Freight Line Stock Up 0.2%

Shares of NASDAQ ODFL traded up $0.33 during mid-day trading on Monday, reaching $171.61. The company had a trading volume of 2,107,141 shares, compared to its average volume of 1,678,144. The company has a market capitalization of $36.27 billion, a price-to-earnings ratio of 31.32, a PEG ratio of 2.89 and a beta of 1.31. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.33. The stock has a fifty day moving average of $159.51 and a two-hundred day moving average of $183.45. Old Dominion Freight Line, Inc. has a 12-month low of $144.90 and a 12-month high of $233.26.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The transportation company reported $1.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.14 by $0.05. Old Dominion Freight Line had a net margin of 20.40% and a return on equity of 28.02%. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the business posted $1.34 EPS. The company's revenue for the quarter was down 5.8% on a year-over-year basis. As a group, equities research analysts expect that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on ODFL shares. Jefferies Financial Group lowered their price objective on shares of 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. Citigroup raised Old Dominion Freight Line from a "neutral" rating to a "buy" rating and dropped their price objective for the stock from $186.00 to $183.00 in a research note on Tuesday, April 8th. Stephens reaffirmed an "overweight" rating and set a $180.00 target price (down from $200.00) on shares of Old Dominion Freight Line in a report on Thursday, April 24th. Barclays cut their price target on shares of Old Dominion Freight Line from $185.00 to $170.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Finally, UBS Group lowered 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 research note on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the company currently 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.