Lazard Asset Management LLC Trims Stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Lazard Asset Management LLC lowered its holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 3.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,234,077 shares of the transportation company's stock after selling 50,305 shares during the quarter. Lazard Asset Management LLC owned about 0.58% of Old Dominion Freight Line worth $217,691,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Whipplewood Advisors LLC purchased a new stake in Old Dominion Freight Line in the 4th quarter valued at approximately $35,000. Itau Unibanco Holding S.A. boosted its stake in shares of Old Dominion Freight Line by 518.9% during the 4th quarter. Itau Unibanco Holding S.A. now owns 229 shares of the transportation company's stock worth $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 4th quarter worth approximately $41,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of Old Dominion Freight Line during the 4th quarter valued at about $51,000. Finally, CoreCap Advisors LLC grew its holdings in shares of Old Dominion Freight Line by 98.2% during the 4th quarter. CoreCap Advisors LLC now owns 339 shares of the transportation company's stock worth $60,000 after purchasing an additional 168 shares during the period. Hedge funds and other institutional investors own 77.82% of the company's stock.

Analyst Ratings Changes

ODFL has been the topic of several recent analyst reports. Raymond James set a $185.00 price target on Old Dominion Freight Line and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Citigroup upgraded Old Dominion Freight Line from a "neutral" rating to a "buy" rating and dropped their price target for the stock from $186.00 to $183.00 in a research report on Tuesday, April 8th. Wells Fargo & Company set a $150.00 price objective on Old Dominion Freight Line and gave the stock an "underweight" rating in a research report on Thursday, April 24th. Morgan Stanley set a $185.00 target price on shares of Old Dominion Freight Line in a research note on Wednesday, April 2nd. Finally, Evercore ISI decreased their target price on Old Dominion Freight Line from $164.00 to $156.00 and set an "in-line" rating on the stock in a report on Thursday, April 24th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Old Dominion Freight Line has a consensus rating of "Hold" and a consensus target price of $183.37.

Old Dominion Freight Line Trading Down 1.0%

Shares of NASDAQ ODFL traded down $1.72 during trading on Thursday, reaching $169.93. The company had a trading volume of 1,652,432 shares, compared to its average volume of 1,681,723. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.01. Old Dominion Freight Line, Inc. has a 12 month low of $144.90 and a 12 month high of $233.26. The company's fifty day moving average price is $159.58 and its 200-day moving average price is $184.14. The stock has a market cap 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 (NASDAQ:ODFL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $1.19 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 company's quarterly revenue was down 5.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.34 EPS. As a group, research analysts expect that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current year.

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.