Asset Management One Co. Ltd. Grows Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Asset Management One Co. Ltd. increased its holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFLGet Rating) by 15.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 81,260 shares of the transportation company’s stock after acquiring an additional 10,977 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.07% of Old Dominion Freight Line worth $20,215,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Credit Suisse AG lifted its stake in Old Dominion Freight Line by 26.4% in the second quarter. Credit Suisse AG now owns 202,906 shares of the transportation company’s stock worth $52,000,000 after acquiring an additional 42,399 shares during the period. WINTON GROUP Ltd lifted its position in shares of Old Dominion Freight Line by 11.5% during the second quarter. WINTON GROUP Ltd now owns 8,736 shares of the transportation company’s stock valued at $2,239,000 after buying an additional 899 shares during the last quarter. Texas Permanent School Fund lifted its position in shares of Old Dominion Freight Line by 0.4% during the second quarter. Texas Permanent School Fund now owns 12,127 shares of the transportation company’s stock valued at $3,108,000 after buying an additional 44 shares during the last quarter. Stratos Wealth Partners LTD. lifted its position in shares of Old Dominion Freight Line by 118.5% during the second quarter. Stratos Wealth Partners LTD. now owns 2,806 shares of the transportation company’s stock valued at $719,000 after buying an additional 1,522 shares during the last quarter. Finally, Chesley Taft & Associates LLC lifted its position in shares of Old Dominion Freight Line by 1.4% during the third quarter. Chesley Taft & Associates LLC now owns 9,895 shares of the transportation company’s stock valued at $2,462,000 after buying an additional 135 shares during the last quarter. 73.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on ODFL shares. Cowen increased their price target on shares of Old Dominion Freight Line to $267.00 in a research report on Thursday, October 27th. Susquehanna Bancshares decreased their price objective on shares of Old Dominion Freight Line from $265.00 to $260.00 in a research report on Thursday, October 27th. Bank of America raised shares of Old Dominion Freight Line from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $266.00 to $334.00 in a research report on Tuesday, January 17th. Citigroup increased their price objective on shares of Old Dominion Freight Line to $275.00 in a research report on Thursday, October 13th. Finally, Wells Fargo & Company increased their price objective on shares of Old Dominion Freight Line from $305.00 to $315.00 and gave the company an “overweight” rating in a research report on Wednesday, January 4th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $289.67.

Insider Transactions at Old Dominion Freight Line

In other news, Chairman David S. Congdon sold 32,000 shares of the business’s stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $313.95, for a total transaction of $10,046,400.00. Following the completion of the transaction, the chairman now directly owns 858,861 shares of the company’s stock, valued at $269,639,410.95. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 10.30% of the company’s stock.

Old Dominion Freight Line Stock Performance

Shares of Old Dominion Freight Line stock opened at $320.90 on Wednesday. Old Dominion Freight Line, Inc. has a one year low of $231.31 and a one year high of $333.71. The company has a market cap of $35.45 billion, a PE ratio of 27.50, a P/E/G ratio of 2.21 and a beta of 1.07. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.74 and a current ratio of 1.74. The business has a 50-day simple moving average of $297.82 and a 200-day simple moving average of $284.07.

Old Dominion Freight Line (NASDAQ:ODFLGet Rating) last announced its quarterly earnings data on Wednesday, October 26th. The transportation company reported $3.36 EPS for the quarter, topping analysts’ consensus estimates of $3.06 by $0.30. Old Dominion Freight Line had a return on equity of 37.27% and a net margin of 21.56%. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.62 billion. On average, equities research analysts forecast that Old Dominion Freight Line, Inc. will post 11.91 EPS for the current fiscal year.

Old Dominion Freight Line Company Profile

(Get Rating)

Old Dominion Freight Line, Inc engages in the provision of less-than-truckload services. The firm offers regional, inter-regional, and national less-than-truckload services. Its services also include container drayage, truckload brokerage, supply chain consulting, and warehousing. The company was founded by Earl Congdon Sr.

Further Reading

Want to see what other hedge funds are holding ODFL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Old Dominion Freight Line, Inc. (NASDAQ:ODFLGet Rating).

Institutional Ownership by Quarter for Old Dominion Freight Line (NASDAQ:ODFL)

Receive News & Ratings for Old Dominion Freight Line Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old Dominion Freight Line and related companies with MarketBeat.com's FREE daily email newsletter.