Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Shares Acquired by Stonegate Investment Group LLC

Stonegate Investment Group LLC increased its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 23.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,430 shares of the transportation company’s stock after acquiring an additional 276 shares during the period. Stonegate Investment Group LLC’s holdings in Old Dominion Freight Line were worth $252,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of ODFL. RPg Family Wealth Advisory LLC acquired a new stake in shares of Old Dominion Freight Line during the 3rd quarter worth approximately $45,000. Brown Brothers Harriman & Co. grew its position in Old Dominion Freight Line by 398.1% during the third quarter. Brown Brothers Harriman & Co. now owns 269 shares of the transportation company’s stock valued at $53,000 after buying an additional 215 shares during the period. Quarry LP purchased a new position in Old Dominion Freight Line in the second quarter valued at $60,000. Versant Capital Management Inc raised its position in shares of Old Dominion Freight Line by 45.5% in the fourth quarter. Versant Capital Management Inc now owns 352 shares of the transportation company’s stock worth $62,000 after acquiring an additional 110 shares during the period. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Old Dominion Freight Line in the third quarter worth about $64,000. 77.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ODFL. BMO Capital Markets cut their price target on Old Dominion Freight Line from $210.00 to $205.00 and set a “market perform” rating for the company in a research note on Thursday, October 24th. Evercore ISI cut their price objective on Old Dominion Freight Line from $199.00 to $188.00 and set an “in-line” rating for the company in a research report on Thursday, October 3rd. Jefferies Financial Group increased their target price on Old Dominion Freight Line from $185.00 to $190.00 and gave the company a “hold” rating in a research report on Friday, January 10th. TD Cowen cut their price target on shares of 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, Barclays decreased their price objective on shares of Old Dominion Freight Line from $220.00 to $210.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $202.44.

Old Dominion Freight Line Trading Down 2.4 %

Shares of ODFL stock opened at $189.99 on Wednesday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01. Old Dominion Freight Line, Inc. has a twelve month low of $165.49 and a twelve month high of $233.26. The company’s 50-day moving average price is $195.44 and its 200-day moving average price is $198.18. The stock has a market cap of $40.56 billion, a price-to-earnings ratio of 33.22, a PEG ratio of 5.03 and a beta of 1.05.

Insiders Place Their Bets

In related news, Director Leo H. Suggs sold 3,000 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $225.44, for a total value of $676,320.00. Following the completion of the transaction, the director now directly owns 7,383 shares in the company, valued at approximately $1,664,423.52. This represents a 28.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 9.90% of the stock is owned by insiders.

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.