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

LVW Advisors LLC lifted its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 35.1% in the fourth quarter, Holdings Channel reports. The firm owned 4,464 shares of the transportation company’s stock after acquiring an additional 1,161 shares during the period. LVW Advisors LLC’s holdings in Old Dominion Freight Line were worth $787,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV lifted its position in Old Dominion Freight Line by 1.3% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 6,760 shares of the transportation company’s stock worth $1,194,000 after acquiring an additional 84 shares during the period. MQS Management LLC acquired a new stake in Old Dominion Freight Line during the 2nd quarter worth approximately $224,000. Benjamin F. Edwards & Company Inc. lifted its position in Old Dominion Freight Line by 45.0% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,541 shares of the transportation company’s stock worth $273,000 after acquiring an additional 478 shares during the period. Benjamin Edwards Inc. acquired a new stake in Old Dominion Freight Line during the 2nd quarter worth approximately $25,000. Finally, Canada Pension Plan Investment Board lifted its position in Old Dominion Freight Line by 99.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 313,316 shares of the transportation company’s stock worth $55,332,000 after acquiring an additional 155,964 shares during the period. 77.82% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Leo H. Suggs sold 3,000 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $225.44, for a total transaction of $676,320.00. Following the sale, the director now owns 7,383 shares in the company, valued at $1,664,423.52. This trade represents a 28.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Greg C. Gantt sold 7,000 shares of the firm’s stock in a transaction on 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 sale, the director now owns 97,890 shares in the company, valued at $19,584,852.30. This trade represents a 6.67 % decrease in their position. The disclosure for this sale can be found here. 9.90% of the stock is currently owned by company insiders.

Old Dominion Freight Line Stock Performance

Old Dominion Freight Line stock opened at $189.55 on Monday. 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 has a fifty day moving average of $199.69 and a two-hundred day moving average of $197.81. The company has a market capitalization of $40.47 billion, a price-to-earnings ratio of 33.14, a PEG ratio of 3.40 and a beta of 1.05. Old Dominion Freight Line, Inc. has a fifty-two week low of $165.49 and a fifty-two week high of $233.26.

Old Dominion Freight Line (NASDAQ:ODFL) last released 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. 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%. Old Dominion Freight Line’s revenue was down 3.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.54 earnings per share. On average, analysts anticipate that Old Dominion Freight Line, Inc. will post 5.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on ODFL shares. Barclays decreased their price objective on Old Dominion Freight Line from $220.00 to $210.00 and set an “equal weight” rating for the company in a research report on Friday. Jefferies Financial Group increased their price objective on Old Dominion Freight Line from $185.00 to $190.00 and gave the stock a “hold” rating in a research report on Friday, January 10th. BMO Capital Markets decreased their price objective on Old Dominion Freight Line from $210.00 to $205.00 and set a “market perform” rating for the company in a research report on Thursday, October 24th. TD Cowen reduced their price target on Old Dominion Freight Line from $203.00 to $196.00 and set a “hold” rating for the company in a report on Thursday, October 24th. Finally, Stifel Nicolaus reduced their price target on Old Dominion Freight Line from $178.00 to $176.00 and set a “hold” rating for the company in a report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $201.50.

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.