Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Shares Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. raised its holdings in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFLGet Rating) by 15.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 81,260 shares of the transportation company’s stock after purchasing an additional 10,977 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Old Dominion Freight Line were worth $20,215,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of ODFL. Vanguard Group Inc. grew its position in shares of Old Dominion Freight Line by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 10,860,421 shares of the transportation company’s stock worth $3,243,791,000 after acquiring an additional 113,806 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Old Dominion Freight Line by 56.7% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 9,072,725 shares of the transportation company’s stock worth $2,325,158,000 after purchasing an additional 3,282,314 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Old Dominion Freight Line by 2.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,729,323 shares of the transportation company’s stock worth $699,471,000 after purchasing an additional 63,670 shares during the last quarter. WCM Investment Management LLC lifted its holdings in shares of Old Dominion Freight Line by 12.8% in the 3rd quarter. WCM Investment Management LLC now owns 1,550,188 shares of the transportation company’s stock worth $394,027,000 after purchasing an additional 176,368 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its holdings in shares of Old Dominion Freight Line by 7.0% in the 2nd quarter. CIBC Private Wealth Group LLC now owns 1,381,614 shares of the transportation company’s stock worth $354,080,000 after purchasing an additional 90,230 shares during the last quarter. Institutional investors and hedge funds own 73.08% of the company’s stock.

Old Dominion Freight Line Stock Down 0.6 %

Shares of ODFL stock opened at $320.90 on Wednesday. Old Dominion Freight Line, Inc. has a 1 year low of $231.31 and a 1 year high of $333.71. The stock has a market cap of $35.45 billion, a PE ratio of 27.50, a price-to-earnings-growth ratio of 2.21 and a beta of 1.07. The business’s fifty day moving average is $297.82 and its 200-day moving average is $284.07. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.74 and a current ratio of 1.74.

Old Dominion Freight Line (NASDAQ:ODFLGet Rating) last issued its quarterly earnings results on Wednesday, October 26th. The transportation company reported $3.36 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Equities analysts expect that Old Dominion Freight Line, Inc. will post 11.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ODFL has been the topic of several recent research reports. Susquehanna cut their price target on Old Dominion Freight Line from $265.00 to $260.00 in a report on Thursday, October 27th. Deutsche Bank Aktiengesellschaft raised their price target on Old Dominion Freight Line from $267.00 to $290.00 in a report on Monday, November 28th. StockNews.com assumed coverage on Old Dominion Freight Line in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Citigroup lifted their target price on Old Dominion Freight Line to $275.00 in a research note on Thursday, October 13th. Finally, Susquehanna Bancshares cut their target price on Old Dominion Freight Line from $265.00 to $260.00 in a research note on Thursday, October 27th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Old Dominion Freight Line currently has a consensus rating of “Hold” and a consensus target price of $289.67.

Insider Buying and Selling

In related news, Chairman David S. Congdon sold 32,000 shares of Old Dominion Freight Line stock in a transaction on Friday, November 11th. The stock was sold at an average price of $313.95, for a total value of $10,046,400.00. Following the transaction, the chairman now directly owns 858,861 shares in the company, valued at approximately $269,639,410.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 10.30% of the company’s stock.

About Old Dominion Freight Line

(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

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

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