DMC Group LLC Sells 264 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

DMC Group LLC decreased its holdings in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 13.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,770 shares of the transportation company’s stock after selling 264 shares during the period. DMC Group LLC’s holdings in Old Dominion Freight Line were worth $312,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Public Sector Pension Investment Board lifted its stake in Old Dominion Freight Line by 163.9% in the second quarter. Public Sector Pension Investment Board now owns 4,466 shares of the transportation company’s stock worth $789,000 after acquiring an additional 2,774 shares during the period. Creative Planning raised its holdings in Old Dominion Freight Line by 3.2% in the 2nd quarter. Creative Planning now owns 65,269 shares of the transportation company’s stock worth $11,526,000 after purchasing an additional 2,050 shares in the last quarter. Quarry LP purchased a new stake in shares of Old Dominion Freight Line in the 2nd quarter worth about $60,000. Truist Financial Corp lifted its position in shares of Old Dominion Freight Line by 7.6% in the 2nd quarter. Truist Financial Corp now owns 106,193 shares of the transportation company’s stock worth $18,754,000 after purchasing an additional 7,460 shares during the period. Finally, Clearbridge Investments LLC boosted its stake in shares of Old Dominion Freight Line by 39.1% during the 2nd quarter. Clearbridge Investments LLC now owns 698,154 shares of the transportation company’s stock valued at $123,294,000 after purchasing an additional 196,350 shares in the last quarter. Institutional investors own 77.82% of the company’s stock.

Insider Buying and Selling at Old Dominion Freight Line

In other news, Director Leo H. Suggs sold 3,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $225.44, for a total value 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. This trade represents a 28.89 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. BMO Capital Markets reduced 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 research note on Thursday, October 24th. The Goldman Sachs Group raised their price target on shares of Old Dominion Freight Line from $213.00 to $235.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. Barclays decreased their target price on Old Dominion Freight Line from $220.00 to $210.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Bank of America lowered their price target on Old Dominion Freight Line from $237.00 to $204.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Finally, Robert W. Baird dropped their price objective on shares of Old Dominion Freight Line from $204.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $202.44.

Old Dominion Freight Line Stock Performance

NASDAQ:ODFL opened at $185.84 on Thursday. The stock’s 50 day simple moving average is $194.87 and its two-hundred day simple moving average is $198.10. 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 debt-to-equity ratio of 0.01, a current ratio of 1.33 and a quick ratio of 1.33. The company has a market cap of $39.68 billion, a price-to-earnings ratio of 32.49, a PEG ratio of 5.03 and a beta of 1.05.

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.