Harel Insurance Investments & Financial Services Ltd. Sells 322 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Harel Insurance Investments & Financial Services Ltd. cut its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 21.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,147 shares of the transportation company’s stock after selling 322 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Old Dominion Freight Line were worth $202,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. RPg Family Wealth Advisory LLC bought a new stake in shares of Old Dominion Freight Line in the third quarter valued at about $45,000. Brown Brothers Harriman & Co. raised its holdings 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 acquiring an additional 215 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Old Dominion Freight Line in the 3rd quarter worth approximately $64,000. Northwest Investment Counselors LLC acquired a new stake in shares of Old Dominion Freight Line during the 3rd quarter worth approximately $67,000. Finally, Quarry LP bought a new stake in shares of Old Dominion Freight Line during the second quarter valued at approximately $60,000. 77.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on ODFL. Wells Fargo & Company reduced their target price on 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. Evercore ISI decreased their target price on shares of Old Dominion Freight Line from $199.00 to $188.00 and set an “in-line” rating on the stock in a research report on Thursday, October 3rd. JPMorgan Chase & Co. increased their price target on shares of Old Dominion Freight Line from $186.00 to $205.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Bank of America cut their price target on shares of Old Dominion Freight Line from $237.00 to $204.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Finally, Jefferies Financial Group upped their price objective on Old Dominion Freight Line from $185.00 to $190.00 and gave the company a “hold” rating in a research note on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $202.44.

Old Dominion Freight Line Stock Down 0.4 %

NASDAQ:ODFL opened at $190.81 on Friday. The company has a market cap of $40.74 billion, a price-to-earnings ratio of 33.36, a P/E/G ratio of 5.03 and a beta of 1.05. 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 stock’s fifty day moving average price is $196.26 and its two-hundred day moving average price is $198.02. Old Dominion Freight Line, Inc. has a 52-week low of $165.49 and a 52-week high of $233.26.

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

Insiders Place Their Bets

In other news, Director Leo H. Suggs sold 3,000 shares of Old Dominion Freight Line stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $225.44, for a total transaction of $676,320.00. Following the completion of the sale, the director now owns 7,383 shares in the company, valued at $1,664,423.52. The trade was a 28.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Greg C. Gantt sold 7,000 shares of the stock in a transaction that occurred on 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 completion of 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 ownership of the stock. 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.