Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Shares Sold by Alpha Omega Wealth Management LLC

Alpha Omega Wealth Management LLC cut its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 1.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,277 shares of the transportation company’s stock after selling 305 shares during the quarter. Alpha Omega Wealth Management LLC’s holdings in Old Dominion Freight Line were worth $3,753,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ODFL. Avanza Fonder AB purchased a new position in Old Dominion Freight Line in the 4th quarter worth approximately $3,741,000. Toronto Dominion Bank boosted its position in Old Dominion Freight Line by 77.7% during the 3rd quarter. Toronto Dominion Bank now owns 98,061 shares of the transportation company’s stock valued at $19,479,000 after purchasing an additional 42,880 shares during the period. Board of the Pension Protection Fund acquired a new position in Old Dominion Freight Line during the 4th quarter valued at about $600,000. Sequoia Financial Advisors LLC grew its holdings in Old Dominion Freight Line by 20.5% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 5,979 shares of the transportation company’s stock worth $1,188,000 after buying an additional 1,017 shares in the last quarter. Finally, Reliant Investment Management LLC raised its stake in shares of Old Dominion Freight Line by 10.4% during the fourth quarter. Reliant Investment Management LLC now owns 21,850 shares of the transportation company’s stock valued at $3,854,000 after purchasing an additional 2,060 shares in the last quarter. 77.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Old Dominion Freight Line

In other Old Dominion Freight Line news, Director Leo H. Suggs sold 3,000 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $225.44, for a total transaction of $676,320.00. Following the completion of the sale, the director now owns 7,383 shares in the company, valued at approximately $1,664,423.52. The trade was a 28.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 9.90% of the stock is currently owned by corporate insiders.

Old Dominion Freight Line Stock Performance

Shares of NASDAQ:ODFL opened at $185.61 on Friday. The business has a fifty day moving average of $193.53 and a 200-day moving average of $197.95. The firm has a market cap of $39.63 billion, a PE ratio of 32.45, a price-to-earnings-growth ratio of 4.96 and a beta of 1.05. 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 twelve month low of $165.49 and a twelve month high of $233.26.

Analyst Ratings Changes

ODFL has been the subject of a number of research reports. Barclays decreased their price target on Old Dominion Freight Line from $220.00 to $210.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Wells Fargo & Company dropped their price target on Old Dominion Freight Line from $195.00 to $185.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 7th. Citigroup lifted their target price on shares of Old Dominion Freight Line from $201.00 to $241.00 and gave the company a “neutral” rating in a research note on Tuesday, November 12th. Argus cut shares of Old Dominion Freight Line from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Finally, Stephens reiterated an “overweight” rating and set a $240.00 price target on shares of Old Dominion Freight Line in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $202.44.

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.