Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Shares Bought by Delta Capital Management LLC

Delta Capital Management LLC increased its holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 6.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,054 shares of the transportation company’s stock after acquiring an additional 180 shares during the quarter. Delta Capital Management LLC’s holdings in Old Dominion Freight Line were worth $539,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ODFL. Benjamin Edwards Inc. acquired a new position in Old Dominion Freight Line during the 2nd quarter worth $25,000. RPg Family Wealth Advisory LLC bought a new position in shares of Old Dominion Freight Line during the third quarter worth about $45,000. Brown Brothers Harriman & Co. lifted its position in shares of 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 purchasing an additional 215 shares during the last quarter. Quarry LP acquired a new position in Old Dominion Freight Line in the second quarter worth about $60,000. Finally, Versant Capital Management Inc increased its holdings in Old Dominion Freight Line by 45.5% in the fourth quarter. Versant Capital Management Inc now owns 352 shares of the transportation company’s stock valued at $62,000 after buying an additional 110 shares during the last quarter. Hedge funds and other institutional investors own 77.82% of the company’s stock.

Insider Activity 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 value of $676,320.00. Following the sale, the director now directly 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Greg C. Gantt sold 7,000 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $200.07, for a total transaction of $1,400,490.00. Following the transaction, the director now owns 97,890 shares of the company’s stock, valued at approximately $19,584,852.30. This trade represents a 6.67 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 9.90% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. The Goldman Sachs Group lifted their target price on Old Dominion Freight Line from $213.00 to $235.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. Jefferies Financial Group lifted their price objective on shares of 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 increased their target price on shares of Old Dominion Freight Line from $201.00 to $241.00 and gave the stock a “neutral” rating in a report on Tuesday, November 12th. Robert W. Baird reduced their price target on shares of Old Dominion Freight Line from $204.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Finally, Wells Fargo & Company lowered their price objective 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. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Old Dominion Freight Line currently has an average rating of “Hold” and a consensus price target of $201.50.

Old Dominion Freight Line Price Performance

Shares of ODFL opened at $189.55 on Friday. Old Dominion Freight Line, Inc. has a one year low of $165.49 and a one year high of $233.26. The stock’s fifty day moving average is $199.69 and its 200-day moving average is $197.70. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.33. The firm has a market capitalization of $40.47 billion, a price-to-earnings ratio of 33.14, a price-to-earnings-growth ratio of 3.40 and a beta of 1.05.

Old Dominion Freight Line (NASDAQ:ODFL) last released its earnings results on Wednesday, October 23rd. The transportation company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.42 by $0.01. Old Dominion Freight Line had a net margin of 21.03% and a return on equity of 29.40%. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter last year, the company earned $1.54 EPS. Old Dominion Freight Line’s quarterly revenue was down 3.0% on a year-over-year basis. Equities analysts anticipate that Old Dominion Freight Line, Inc. will post 5.42 EPS for the current year.

About Old Dominion Freight Line

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.