Quantinno Capital Management LP grew its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 9.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 37,239 shares of the transportation company's stock after acquiring an additional 3,074 shares during the period. Quantinno Capital Management LP's holdings in Old Dominion Freight Line were worth $6,569,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Whipplewood Advisors LLC acquired a new stake in shares of Old Dominion Freight Line in the fourth quarter valued at about $35,000. Itau Unibanco Holding S.A. raised its holdings in shares of Old Dominion Freight Line by 518.9% during the fourth quarter. Itau Unibanco Holding S.A. now owns 229 shares of the transportation company's stock valued at $40,000 after acquiring an additional 192 shares during the last quarter. Synergy Asset Management LLC purchased a new position in shares of Old Dominion Freight Line in the fourth quarter valued at approximately $41,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Old Dominion Freight Line in the fourth quarter worth approximately $51,000. Finally, CoreCap Advisors LLC boosted its stake in shares of Old Dominion Freight Line by 98.2% in the fourth quarter. CoreCap Advisors LLC now owns 339 shares of the transportation company's stock worth $60,000 after acquiring an additional 168 shares during the last quarter. 77.82% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on ODFL shares. Stephens reissued an "overweight" rating and issued a $180.00 target price (down from $200.00) on shares of Old Dominion Freight Line in a research note on Thursday, April 24th. JPMorgan Chase & Co. lowered their price objective on Old Dominion Freight Line from $174.00 to $158.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Susquehanna reduced their price target on Old Dominion Freight Line from $171.00 to $168.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Old Dominion Freight Line in a report on Friday, March 7th. They issued a "buy" rating and a $236.00 price objective for the company. Finally, Wells Fargo & Company set a $150.00 target price on shares of Old Dominion Freight Line and gave the company an "underweight" rating in a report on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $182.26.
Check Out Our Latest Analysis on Old Dominion Freight Line
Old Dominion Freight Line Stock Performance
Old Dominion Freight Line stock traded down $2.01 during trading hours on Tuesday, reaching $169.60. 1,886,549 shares of the stock were exchanged, compared to its average volume of 1,679,858. The stock has a market cap of $35.84 billion, a P/E ratio of 30.95, a P/E/G ratio of 2.89 and a beta of 1.31. The firm's 50 day moving average is $159.65 and its 200 day moving average is $183.25. 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 52-week low of $144.90 and a 52-week high of $233.26.
Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last released 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. 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 net margin of 20.40% and a return on equity of 28.02%. The firm's quarterly revenue was down 5.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.34 EPS. Analysts predict that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current fiscal year.
About Old Dominion Freight Line
(
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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