Foundations Investment Advisors LLC Has $1.56 Million Stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Foundations Investment Advisors LLC trimmed its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 1.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,861 shares of the transportation company’s stock after selling 98 shares during the period. Foundations Investment Advisors LLC’s holdings in Old Dominion Freight Line were worth $1,563,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of ODFL. RPg Family Wealth Advisory LLC acquired a new stake in shares of Old Dominion Freight Line during the 3rd quarter worth about $45,000. Brown Brothers Harriman & Co. raised its stake in shares of Old Dominion Freight Line by 398.1% in the third quarter. Brown Brothers Harriman & Co. now owns 269 shares of the transportation company’s stock valued at $53,000 after acquiring an additional 215 shares during the last quarter. Quarry LP acquired a new position in shares of Old Dominion Freight Line in the 2nd quarter worth approximately $60,000. Versant Capital Management Inc grew its position in Old Dominion Freight Line by 45.5% during the 4th quarter. Versant Capital Management Inc now owns 352 shares of the transportation company’s stock worth $62,000 after acquiring an additional 110 shares during the last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in Old Dominion Freight Line during the 3rd quarter valued at $64,000. 77.82% of the stock is currently owned by institutional investors and hedge funds.

Old Dominion Freight Line Stock Down 2.4 %

Shares of Old Dominion Freight Line stock opened at $189.99 on Wednesday. The firm has a market cap of $40.56 billion, a PE ratio of 33.22, a P/E/G ratio of 5.03 and a beta of 1.05. The business’s 50 day simple moving average is $195.44 and its 200 day simple moving average is $198.18. 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 $165.49 and a 52-week high of $233.26.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Stephens restated an “overweight” rating and issued a $240.00 price objective on shares of Old Dominion Freight Line in a research report on Wednesday, December 4th. Jefferies Financial Group upped their price objective on Old Dominion Freight Line from $185.00 to $190.00 and gave the stock a “hold” rating in a report on Friday, January 10th. Citigroup upped their price target on 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. Bank of America lowered their price objective on Old Dominion Freight Line from $237.00 to $204.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Finally, Barclays cut their target price on shares of Old Dominion Freight Line from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $202.44.

Insider Transactions at Old Dominion Freight Line

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

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.