Rafferty Asset Management LLC Has $16.21 Million Stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Rafferty Asset Management LLC grew its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 15.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,903 shares of the transportation company's stock after purchasing an additional 12,378 shares during the period. Rafferty Asset Management LLC's holdings in Old Dominion Freight Line were worth $16,212,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Whipplewood Advisors LLC bought a new position in shares of Old Dominion Freight Line during the 4th quarter worth about $35,000. Itau Unibanco Holding S.A. lifted its holdings 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 acquiring an additional 192 shares during the period. Synergy Asset Management LLC bought a new position in shares of Old Dominion Freight Line during the 4th quarter worth about $41,000. Murphy & Mullick Capital Management Corp bought a new position in shares of Old Dominion Freight Line during the 4th quarter worth about $51,000. Finally, CoreCap Advisors LLC lifted 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 acquiring an additional 168 shares during the period. 77.82% of the stock is currently owned by institutional investors and hedge funds.

Old Dominion Freight Line Trading Down 1.0%

Shares of NASDAQ ODFL opened at $169.93 on Friday. Old Dominion Freight Line, Inc. has a 1-year low of $144.90 and a 1-year high of $233.26. The company has a market cap of $35.91 billion, a PE ratio of 31.01, a P/E/G ratio of 2.89 and a beta of 1.31. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average of $159.42 and a two-hundred day moving average of $183.93.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The transportation company reported $1.19 earnings per share for the quarter, topping 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 the consensus estimate of $1.38 billion. During the same period in the previous year, the firm posted $1.34 earnings per share. The company's revenue was down 5.8% on a year-over-year basis. As a group, equities analysts expect that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ODFL shares. UBS Group reduced their price objective on shares of Old Dominion Freight Line from $196.00 to $158.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Raymond James set a $185.00 price target on shares of Old Dominion Freight Line and gave the company an "outperform" rating in a report on Thursday, April 24th. Truist Financial cut their price target on shares of Old Dominion Freight Line from $220.00 to $175.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Morgan Stanley set a $185.00 price target on shares of Old Dominion Freight Line in a report on Wednesday, April 2nd. Finally, Stephens reissued an "overweight" rating and set a $180.00 price target (down from $200.00) on shares of Old Dominion Freight Line in a report on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, Old Dominion Freight Line presently has a consensus rating of "Hold" and a consensus price target of $183.37.

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.

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