Litman Gregory Wealth Management LLC Trims Stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Litman Gregory Wealth Management LLC lessened its holdings in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,633 shares of the transportation company’s stock after selling 74 shares during the quarter. Litman Gregory Wealth Management LLC’s holdings in Old Dominion Freight Line were worth $1,876,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of ODFL. Caprock Group LLC lifted its holdings in Old Dominion Freight Line by 5.2% during the fourth quarter. Caprock Group LLC now owns 9,424 shares of the transportation company’s stock valued at $1,662,000 after purchasing an additional 468 shares in the last quarter. Hunter Associates Investment Management LLC grew its holdings in Old Dominion Freight Line by 2.5% during the 4th quarter. Hunter Associates Investment Management LLC now owns 11,785 shares of the transportation company’s stock valued at $2,083,000 after buying an additional 286 shares in the last quarter. Synergy Asset Management LLC bought a new stake in shares of Old Dominion Freight Line during the fourth quarter valued at approximately $41,000. Milestone Asset Management LLC lifted its holdings in shares of Old Dominion Freight Line by 50.8% in the fourth quarter. Milestone Asset Management LLC now owns 11,475 shares of the transportation company’s stock worth $2,024,000 after buying an additional 3,866 shares in the last quarter. Finally, Ibex Wealth Advisors bought a new position in shares of Old Dominion Freight Line during the fourth quarter worth $471,000. Institutional investors own 77.82% of the company’s stock.

Old Dominion Freight Line Stock Down 0.6 %

Shares of NASDAQ:ODFL opened at $185.61 on Friday. The firm has a market capitalization of $39.63 billion, a PE ratio of 32.45, a price-to-earnings-growth ratio of 4.96 and a beta of 1.05. The business has a 50 day simple moving average of $193.53 and a two-hundred day simple 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.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Robert W. Baird reduced their price target on shares of Old Dominion Freight Line from $204.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. TD Cowen reduced their target price on Old Dominion Freight Line from $203.00 to $196.00 and set a “hold” rating on the stock in a report on Thursday, October 24th. JPMorgan Chase & Co. increased their price target on Old Dominion Freight Line from $186.00 to $205.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Susquehanna restated a “neutral” rating and set a $195.00 price target (down previously from $218.00) on shares of Old Dominion Freight Line in a report on Tuesday, January 7th. Finally, Citigroup upped their price objective on Old Dominion Freight Line from $201.00 to $241.00 and gave the stock a “neutral” rating in a report on Tuesday, November 12th. 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 issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $202.44.

Insider Buying and Selling

In other Old Dominion Freight Line news, Director Leo H. Suggs sold 3,000 shares of the stock in a transaction 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 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 SEC, which is available at this hyperlink. 9.90% of the stock is owned by corporate insiders.

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.