Stock Yards Bank & Trust Co. Sells 7,406 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Stock Yards Bank & Trust Co. lowered its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 9.6% in the fourth quarter, Holdings Channel reports. The firm owned 69,972 shares of the transportation company’s stock after selling 7,406 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Old Dominion Freight Line were worth $12,343,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ODFL. Avanza Fonder AB acquired a new stake in shares of Old Dominion Freight Line in the fourth quarter worth $3,741,000. Toronto Dominion Bank lifted its position in Old Dominion Freight Line by 77.7% during the 3rd quarter. Toronto Dominion Bank now owns 98,061 shares of the transportation company’s stock worth $19,479,000 after acquiring an additional 42,880 shares during the last quarter. Board of the Pension Protection Fund bought a new stake in Old Dominion Freight Line during the fourth quarter valued at about $600,000. Sequoia Financial Advisors LLC grew its position in shares of Old Dominion Freight Line by 20.5% in the third quarter. Sequoia Financial Advisors LLC now owns 5,979 shares of the transportation company’s stock valued at $1,188,000 after purchasing an additional 1,017 shares during the last quarter. Finally, Reliant Investment Management LLC increased its stake in shares of Old Dominion Freight Line by 10.4% in the fourth quarter. Reliant Investment Management LLC now owns 21,850 shares of the transportation company’s stock worth $3,854,000 after purchasing an additional 2,060 shares during the period. Institutional investors and hedge funds own 77.82% of the company’s stock.

Insider Buying and Selling at Old Dominion Freight Line

In other Old Dominion Freight Line news, Director Leo H. Suggs sold 3,000 shares of the stock in a transaction dated Friday, November 8th. The shares were 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 of the company’s stock, valued at $1,664,423.52. This represents a 28.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 9.90% of the company’s stock.

Old Dominion Freight Line Price Performance

Shares of ODFL stock opened at $185.61 on Monday. The stock’s fifty day simple moving average is $193.53 and its 200 day simple moving average is $197.90. Old Dominion Freight Line, Inc. has a one year low of $165.49 and a one year high of $233.26. The firm has a market cap of $39.63 billion, a price-to-earnings ratio of 32.45, a P/E/G ratio of 4.95 and a beta of 1.05. 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

Several brokerages recently weighed in on ODFL. JPMorgan Chase & Co. increased their target price 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. Barclays reduced 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, January 17th. Citigroup upped their target price on shares of Old Dominion Freight Line from $201.00 to $241.00 and gave the company a “neutral” rating in a research note on Tuesday, November 12th. Jefferies Financial Group raised their price target on shares of 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. Finally, Stifel Nicolaus upped their price objective on shares of Old Dominion Freight Line from $176.00 to $193.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $202.44.

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.