Old Dominion Freight Line, Inc. $ODFL Shares Sold by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd lowered its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 98.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,107 shares of the transportation company’s stock after selling 402,030 shares during the quarter. AustralianSuper Pty Ltd’s holdings in Old Dominion Freight Line were worth $1,001,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in ODFL. Ascent Group LLC boosted its stake in Old Dominion Freight Line by 440.7% during the 3rd quarter. Ascent Group LLC now owns 8,564 shares of the transportation company’s stock valued at $1,206,000 after purchasing an additional 6,980 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in Old Dominion Freight Line by 31.2% during the third quarter. Assenagon Asset Management S.A. now owns 253,478 shares of the transportation company’s stock worth $35,685,000 after acquiring an additional 60,279 shares during the period. Vest Financial LLC raised its position in Old Dominion Freight Line by 66.8% in the second quarter. Vest Financial LLC now owns 170,838 shares of the transportation company’s stock worth $27,727,000 after acquiring an additional 68,410 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its holdings in Old Dominion Freight Line by 186.8% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 57,018 shares of the transportation company’s stock valued at $8,027,000 after acquiring an additional 37,134 shares during the last quarter. Finally, Capital Investment Counsel Inc boosted its position in shares of Old Dominion Freight Line by 100.0% during the 3rd quarter. Capital Investment Counsel Inc now owns 12,302 shares of the transportation company’s stock valued at $1,732,000 after purchasing an additional 6,152 shares in the last quarter. Institutional investors own 77.82% of the company’s stock.

Old Dominion Freight Line Stock Up 0.4%

Shares of Old Dominion Freight Line stock opened at $173.20 on Friday. Old Dominion Freight Line, Inc. has a 1 year low of $126.01 and a 1 year high of $209.61. The company has a market cap of $36.22 billion, a P/E ratio of 34.85, a P/E/G ratio of 8.58 and a beta of 1.27. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.02. The stock has a 50-day moving average price of $160.35 and a 200 day moving average price of $150.53.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its earnings results on Wednesday, October 29th. The transportation company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.06. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.41 billion. Old Dominion Freight Line had a return on equity of 24.92% and a net margin of 18.97%.The firm’s quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.43 EPS. As a group, analysts expect that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ODFL has been the topic of a number of research reports. Raymond James Financial boosted their target price on shares of Old Dominion Freight Line from $155.00 to $180.00 and gave the stock an “outperform” rating in a report on Monday, January 12th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Old Dominion Freight Line from $180.00 to $167.00 and set a “buy” rating on the stock in a research report on Thursday, December 11th. Benchmark reiterated a “hold” rating on shares of Old Dominion Freight Line in a research report on Wednesday, December 3rd. Wells Fargo & Company reduced their price objective on Old Dominion Freight Line from $145.00 to $138.00 and set an “underweight” rating for the company in a research note on Thursday, October 30th. Finally, TD Cowen reaffirmed a “hold” rating on shares of Old Dominion Freight Line in a research report on Friday, January 9th. Ten investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $163.33.

Old Dominion Freight Line Company Profile

Old Dominion Freight Line is a U.S.-based less-than-truckload (LTL) transportation company that provides regional, inter-regional and national freight services. Founded in 1934 and headquartered in Thomasville, North Carolina, the company has grown from a regional carrier into a national freight network, operating a broad system of service centers and terminals to move shipments for shippers of varying sizes and industries.

The company’s core business is LTL trucking, offering scheduled pickup and delivery for palletized freight that does not require a full truckload.