Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Shares Sold by Fulton Breakefield Broenniman LLC

Fulton Breakefield Broenniman LLC trimmed its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 5.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,453 shares of the transportation company’s stock after selling 132 shares during the quarter. Fulton Breakefield Broenniman LLC’s holdings in Old Dominion Freight Line were worth $433,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Avanza Fonder AB bought a new position in Old Dominion Freight Line during the 4th quarter worth $3,741,000. Toronto Dominion Bank grew its stake 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 worth $19,479,000 after buying an additional 42,880 shares during the last quarter. Board of the Pension Protection Fund bought a new position in Old Dominion Freight Line during the 4th quarter worth $600,000. Sequoia Financial Advisors LLC grew its stake in shares of Old Dominion Freight Line by 20.5% in the third quarter. Sequoia Financial Advisors LLC now owns 5,979 shares of the transportation company’s stock worth $1,188,000 after purchasing an additional 1,017 shares in the last quarter. Finally, Reliant Investment Management LLC grew its stake in shares of Old Dominion Freight Line by 10.4% in the fourth quarter. Reliant Investment Management LLC now owns 21,850 shares of the transportation company’s stock worth $3,854,000 after purchasing an additional 2,060 shares in the last quarter. 77.82% of the stock is currently owned by institutional investors.

Old Dominion Freight Line Trading Down 2.4 %

Shares of ODFL stock opened at $189.99 on Wednesday. Old Dominion Freight Line, Inc. has a 1 year low of $165.49 and a 1 year high of $233.26. 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 firm’s fifty day simple moving average is $195.44 and its 200 day simple moving average is $198.18. The firm has a market capitalization of $40.56 billion, a P/E ratio of 33.22, a price-to-earnings-growth ratio of 5.03 and a beta of 1.05.

Insiders Place Their Bets

In other news, Director Leo H. Suggs sold 3,000 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $225.44, for a total value of $676,320.00. Following 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 9.90% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on ODFL shares. BMO Capital Markets decreased their price target on Old Dominion Freight Line from $210.00 to $205.00 and set a “market perform” rating for the company in a research note on Thursday, October 24th. Stephens restated an “overweight” rating and issued a $240.00 price objective on shares of Old Dominion Freight Line in a report on Wednesday, December 4th. Stifel Nicolaus upped their price objective on Old Dominion Freight Line from $176.00 to $193.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Robert W. Baird cut their price objective on Old Dominion Freight Line from $204.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Finally, The Goldman Sachs Group upped their price objective on Old Dominion Freight Line from $213.00 to $235.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target 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.