London Co. of Virginia Has $190.31 Million Stock Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

London Co. of Virginia trimmed its holdings in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 1.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,078,840 shares of the transportation company's stock after selling 11,651 shares during the period. London Co. of Virginia owned approximately 0.51% of Old Dominion Freight Line worth $190,307,000 as of its most recent filing with the SEC.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Morgan Stanley set a $185.00 price target on Old Dominion Freight Line in a research report on Wednesday, April 2nd. Susquehanna reduced their price objective on Old Dominion Freight Line from $171.00 to $168.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Deutsche Bank Aktiengesellschaft began coverage on Old Dominion Freight Line in a report on Friday, March 7th. They set a "buy" rating and a $236.00 target price on the stock. Citigroup raised Old Dominion Freight Line from a "neutral" rating to a "buy" rating and cut their price target for the company from $186.00 to $183.00 in a report on Tuesday, April 8th. Finally, Bank of America reduced their price target on shares of Old Dominion Freight Line from $237.00 to $204.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $183.37.

Old Dominion Freight Line Trading Down 1.0%

Shares of Old Dominion Freight Line stock traded down $1.72 on Thursday, hitting $169.93. The stock had a trading volume of 1,652,432 shares, compared to its average volume of 1,684,611. The stock has a 50 day moving average of $159.58 and a 200 day moving average of $184.14. The firm has a market capitalization of $35.91 billion, a P/E ratio of 31.01, a PEG ratio of 2.89 and a beta of 1.31. Old Dominion Freight Line, Inc. has a twelve month low of $144.90 and a twelve month high of $233.26. 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 (NASDAQ:ODFL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.05. The firm had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.38 billion. Old Dominion Freight Line had a net margin of 20.40% and a return on equity of 28.02%. The company's revenue was down 5.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.34 EPS. Sell-side analysts expect that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current fiscal year.

Old Dominion Freight Line Company 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.