Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Stake Lifted by Hunter Associates Investment Management LLC

Hunter Associates Investment Management LLC increased its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 2.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,785 shares of the transportation company’s stock after purchasing an additional 286 shares during the period. Hunter Associates Investment Management LLC’s holdings in Old Dominion Freight Line were worth $2,083,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ODFL. Synergy Asset Management LLC bought a new stake in shares of Old Dominion Freight Line in the 4th quarter worth $41,000. RPg Family Wealth Advisory LLC bought a new position in Old Dominion Freight Line during the third quarter valued at about $45,000. Brown Brothers Harriman & Co. grew its holdings in Old Dominion Freight Line by 398.1% during the third quarter. Brown Brothers Harriman & Co. now owns 269 shares of the transportation company’s stock worth $53,000 after acquiring an additional 215 shares during the period. Quarry LP bought a new stake in Old Dominion Freight Line in the second quarter worth about $60,000. Finally, Versant Capital Management Inc lifted its holdings in Old Dominion Freight Line by 45.5% in the 4th quarter. Versant Capital Management Inc now owns 352 shares of the transportation company’s stock valued at $62,000 after acquiring an additional 110 shares during the last quarter. 77.82% of the stock is currently owned by institutional investors and hedge funds.

Old Dominion Freight Line Stock Up 0.5 %

ODFL opened at $186.78 on Friday. The company has a market capitalization of $39.88 billion, a PE ratio of 32.65, a price-to-earnings-growth ratio of 4.96 and a beta of 1.05. The business has a 50-day moving average of $194.22 and a 200-day moving average of $198.02. Old Dominion Freight Line, Inc. has a fifty-two week low of $165.49 and a fifty-two week high of $233.26. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.33 and a quick ratio of 1.33.

Insider Activity at Old Dominion Freight Line

In related news, Director Leo H. Suggs sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $225.44, for a total value of $676,320.00. Following the transaction, the director now directly owns 7,383 shares of the company’s stock, valued at approximately $1,664,423.52. This trade represents a 28.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 9.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ODFL shares. The Goldman Sachs Group boosted their target price on shares of Old Dominion Freight Line from $213.00 to $235.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th. Jefferies Financial Group raised their price objective on Old Dominion Freight Line from $185.00 to $190.00 and gave the stock a “hold” rating in a research note on Friday, January 10th. TD Cowen cut their target price on Old Dominion Freight Line from $203.00 to $196.00 and set a “hold” rating on the stock in a research report on Thursday, October 24th. Robert W. Baird dropped their price target on Old Dominion Freight Line from $204.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Finally, Evercore ISI reduced their price objective on shares of Old Dominion Freight Line from $199.00 to $188.00 and set an “in-line” rating for the company in a research note on Thursday, October 3rd. One analyst has rated the stock with a sell rating, sixteen have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Old Dominion Freight Line 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.