Forsta AP Fonden Sells 300 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Forsta AP Fonden decreased its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 0.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,400 shares of the transportation company’s stock after selling 300 shares during the quarter. Forsta AP Fonden’s holdings in Old Dominion Freight Line were worth $6,950,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Old Dominion Freight Line by 8.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 13,388 shares of the transportation company’s stock valued at $2,362,000 after purchasing an additional 1,044 shares during the period. Bensler LLC lifted its holdings in shares of Old Dominion Freight Line by 7.0% in the 4th quarter. Bensler LLC now owns 44,476 shares of the transportation company’s stock worth $7,846,000 after buying an additional 2,923 shares during the period. Stonegate Investment Group LLC grew its position in shares of Old Dominion Freight Line by 23.9% during the 4th quarter. Stonegate Investment Group LLC now owns 1,430 shares of the transportation company’s stock worth $252,000 after buying an additional 276 shares in the last quarter. Perigon Wealth Management LLC increased its stake in shares of Old Dominion Freight Line by 18.1% during the fourth quarter. Perigon Wealth Management LLC now owns 1,938 shares of the transportation company’s stock valued at $368,000 after buying an additional 297 shares during the period. Finally, Fortitude Advisory Group L.L.C. raised its holdings in shares of Old Dominion Freight Line by 16.3% in the fourth quarter. Fortitude Advisory Group L.L.C. now owns 1,478 shares of the transportation company’s stock valued at $261,000 after acquiring an additional 207 shares in the last quarter. 77.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ODFL has been the topic of several recent research reports. Jefferies Financial Group increased their target price 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. Susquehanna reiterated a “neutral” rating and set a $195.00 price objective (down from $218.00) on shares of Old Dominion Freight Line in a research note on Tuesday, January 7th. Argus downgraded shares of Old Dominion Freight Line from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. BMO Capital Markets dropped their target price on Old Dominion Freight Line from $210.00 to $205.00 and set a “market perform” rating on the stock in a research report on Thursday, October 24th. Finally, Wells Fargo & Company reduced their price target 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. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $202.44.

Insider Transactions at Old Dominion Freight Line

In related 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 owns 7,383 shares in the company, valued at approximately $1,664,423.52. This represents a 28.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 9.90% of the company’s stock.

Old Dominion Freight Line Stock Performance

Shares of ODFL stock opened at $185.61 on Friday. The business has a fifty day moving average of $193.53 and a 200 day moving average of $197.95. 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 debt-to-equity ratio of 0.01, a current ratio of 1.33 and a quick ratio of 1.33. The firm has a market capitalization of $39.63 billion, a price-to-earnings ratio of 32.45, a price-to-earnings-growth ratio of 4.96 and a beta of 1.05.

Old Dominion Freight Line Company 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.