Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Shares Bought by LVW Advisors LLC

LVW Advisors LLC boosted its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 35.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,464 shares of the transportation company’s stock after buying an additional 1,161 shares during the period. LVW Advisors LLC’s holdings in Old Dominion Freight Line were worth $787,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Benjamin Edwards Inc. acquired a new position in Old Dominion Freight Line during the second quarter worth $25,000. RPg Family Wealth Advisory LLC acquired a new position in Old Dominion Freight Line during the third quarter worth $45,000. Brown Brothers Harriman & Co. boosted its stake in 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 buying an additional 215 shares during the last quarter. Quarry LP acquired a new position in shares of Old Dominion Freight Line in the 2nd quarter valued at $60,000. Finally, Versant Capital Management Inc lifted its stake in shares of Old Dominion Freight Line by 45.5% in the 4th quarter. Versant Capital Management Inc now owns 352 shares of the transportation company’s stock valued at $62,000 after purchasing an additional 110 shares during the last quarter. Institutional investors and hedge funds own 77.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ODFL. The Goldman Sachs Group upped their price target on Old Dominion Freight Line from $213.00 to $235.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. TD Cowen decreased their price target on Old Dominion Freight Line from $203.00 to $196.00 and set a “hold” rating on the stock in a research note on Thursday, October 24th. Argus lowered Old Dominion Freight Line from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Bank of America decreased their price target on Old Dominion Freight Line from $237.00 to $204.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, Stifel Nicolaus decreased their price target on Old Dominion Freight Line from $178.00 to $176.00 and set a “hold” rating on the stock in a research note on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $201.50.

Old Dominion Freight Line Price Performance

Shares of NASDAQ ODFL opened at $189.55 on Monday. The stock’s 50-day moving average is $199.69 and its two-hundred day moving average is $197.81. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.33 and a quick ratio of 1.33. 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 market cap 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 issued its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.01. Old Dominion Freight Line had a return on equity of 29.40% and a net margin of 21.03%. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the prior year, the business earned $1.54 EPS. Old Dominion Freight Line’s revenue was down 3.0% on a year-over-year basis. Analysts forecast that Old Dominion Freight Line, Inc. will post 5.42 EPS for the current fiscal year.

Insider Activity

In other news, Director Greg C. Gantt sold 7,000 shares of the stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $200.07, for a total value of $1,400,490.00. Following the transaction, the director now owns 97,890 shares in the company, valued at approximately $19,584,852.30. This represents a 6.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Leo H. Suggs sold 3,000 shares of the 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 transaction, 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 disclosure for this sale can be found here. Company insiders own 9.90% of the company’s stock.

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.