Hennion & Walsh Asset Management Inc. Has $4.35 Million Holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Hennion & Walsh Asset Management Inc. grew its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 5.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 24,640 shares of the transportation company’s stock after purchasing an additional 1,361 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Old Dominion Freight Line were worth $4,346,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Benjamin Edwards Inc. bought a new stake in shares of Old Dominion Freight Line in the 2nd quarter worth $25,000. RPg Family Wealth Advisory LLC purchased a new position in Old Dominion Freight Line in the third quarter worth $45,000. Brown Brothers Harriman & Co. grew its stake in Old Dominion Freight Line by 398.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 269 shares of the transportation company’s stock valued at $53,000 after purchasing an additional 215 shares during the period. Quarry LP purchased a new stake in shares of Old Dominion Freight Line during the 2nd quarter valued at $60,000. Finally, Versant Capital Management Inc raised its stake in shares of Old Dominion Freight Line by 45.5% during the 4th quarter. Versant Capital Management Inc now owns 352 shares of the transportation company’s stock worth $62,000 after purchasing an additional 110 shares during the period. 77.82% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Old Dominion Freight Line

In other Old Dominion Freight Line news, Director Leo H. Suggs sold 3,000 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 7,383 shares in the company, valued at approximately $1,664,423.52. This trade represents a 28.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Greg C. Gantt sold 7,000 shares of Old Dominion Freight Line stock in a transaction on Monday, October 28th. The stock was 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 in the company, valued at $19,584,852.30. This represents a 6.67 % decrease in their position. The disclosure for this sale can be found here. 9.90% of the stock is owned by company insiders.

Old Dominion Freight Line Price Performance

Shares of ODFL stock opened at $186.86 on Thursday. The business’s fifty day moving average is $201.08 and its 200 day moving average is $197.57. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.01. The stock has a market cap of $39.89 billion, a price-to-earnings ratio of 32.67, a PEG ratio of 3.40 and a beta of 1.05. Old Dominion Freight Line, Inc. has a twelve month low of $165.49 and a twelve month high of $233.26.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $1.49 billion. During the same quarter last year, the firm posted $1.54 EPS. The business’s quarterly revenue was down 3.0% compared to the same quarter last year. Research analysts expect that Old Dominion Freight Line, Inc. will post 5.42 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on ODFL shares. Stephens reiterated an “overweight” rating and issued a $240.00 target price on shares of Old Dominion Freight Line in a research note on Wednesday, December 4th. Stifel Nicolaus dropped their target price on shares of Old Dominion Freight Line from $178.00 to $176.00 and set a “hold” rating for the company in a research report on Wednesday. Argus cut shares of Old Dominion Freight Line from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. The Goldman Sachs Group upped their target price on shares of 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. Finally, Robert W. Baird dropped their price target on Old Dominion Freight Line from $204.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $202.17.

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.