Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Shares Acquired by City Holding Co.

City Holding Co. increased its holdings in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,029 shares of the transportation company’s stock after acquiring an additional 125 shares during the quarter. City Holding Co.’s holdings in Old Dominion Freight Line were worth $1,240,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Avanza Fonder AB acquired a new stake in shares of Old Dominion Freight Line during the 4th quarter worth approximately $3,741,000. Toronto Dominion Bank lifted its stake in Old Dominion Freight Line by 77.7% in the third quarter. Toronto Dominion Bank now owns 98,061 shares of the transportation company’s stock valued at $19,479,000 after buying an additional 42,880 shares during the last quarter. Board of the Pension Protection Fund acquired a new position in shares of Old Dominion Freight Line during the fourth quarter valued at $600,000. Sequoia Financial Advisors LLC grew its position in shares of Old Dominion Freight Line by 20.5% during the third quarter. Sequoia Financial Advisors LLC now owns 5,979 shares of the transportation company’s stock worth $1,188,000 after acquiring an additional 1,017 shares during the last quarter. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of Old Dominion Freight Line in the 3rd quarter worth about $2,109,000. Institutional investors own 77.82% of the company’s stock.

Old Dominion Freight Line Trading Down 0.2 %

Shares of NASDAQ ODFL opened at $189.55 on Tuesday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.01. Old Dominion Freight Line, Inc. has a 12 month low of $165.49 and a 12 month high of $233.26. The company has a market cap of $40.47 billion, a price-to-earnings ratio of 33.14, a P/E/G ratio of 3.40 and a beta of 1.05. The business has a fifty day simple moving average of $198.84 and a 200-day simple moving average of $197.87.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.01. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.49 billion. Old Dominion Freight Line had a net margin of 21.03% and a return on equity of 29.40%. The business’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.54 earnings per share. Sell-side analysts predict that Old Dominion Freight Line, Inc. will post 5.42 EPS for the current year.

Wall Street Analyst Weigh In

ODFL has been the subject of several recent analyst reports. Wells Fargo & Company decreased their target price on shares of Old Dominion Freight Line from $195.00 to $185.00 and set an “underweight” rating for the company in a research report on Tuesday, January 7th. Bank of America lowered their target price on Old Dominion Freight Line from $237.00 to $204.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Stifel Nicolaus reduced their price target on Old Dominion Freight Line from $178.00 to $176.00 and set a “hold” rating for the company in a research report on Wednesday, January 15th. BMO Capital Markets lowered their price target on Old Dominion Freight Line from $210.00 to $205.00 and set a “market perform” rating on the stock in a report on Thursday, October 24th. Finally, Susquehanna reiterated a “neutral” rating and issued a $195.00 target price (down previously from $218.00) on shares of Old Dominion Freight Line in a research report on Tuesday, January 7th. One 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 stock. According to data from MarketBeat.com, Old Dominion Freight Line currently has a consensus rating of “Hold” and a consensus target price of $201.50.

Insider Buying and Selling

In other news, Director Leo H. Suggs sold 3,000 shares of Old Dominion Freight Line stock in a transaction on Friday, November 8th. The stock was sold at an average price of $225.44, for a total transaction of $676,320.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Greg C. Gantt sold 7,000 shares of the company’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $200.07, for a total value of $1,400,490.00. Following the transaction, the director now directly owns 97,890 shares in the company, valued at $19,584,852.30. The trade was a 6.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 9.90% of the company’s stock.

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.