Capital Planning Advisors LLC Increases Stock Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Capital Planning Advisors LLC raised its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 12.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,431 shares of the transportation company’s stock after buying an additional 1,050 shares during the period. Capital Planning Advisors LLC’s holdings in Old Dominion Freight Line were worth $1,664,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of ODFL. Mercer Global Advisors Inc. ADV lifted its position in shares of 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 valued at $1,194,000 after buying an additional 84 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in Old Dominion Freight Line by 45.0% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,541 shares of the transportation company’s stock valued at $273,000 after purchasing an additional 478 shares in the last quarter. AE Wealth Management LLC grew its position in shares of Old Dominion Freight Line by 0.9% in the second quarter. AE Wealth Management LLC now owns 8,281 shares of the transportation company’s stock valued at $1,462,000 after purchasing an additional 76 shares during the period. Sei Investments Co. increased its stake in shares of Old Dominion Freight Line by 7.5% during the second quarter. Sei Investments Co. now owns 46,415 shares of the transportation company’s stock worth $8,198,000 after purchasing an additional 3,227 shares in the last quarter. Finally, Public Sector Pension Investment Board raised its position in shares of Old Dominion Freight Line by 163.9% during the 2nd quarter. Public Sector Pension Investment Board now owns 4,466 shares of the transportation company’s stock worth $789,000 after purchasing an additional 2,774 shares during the last quarter. Institutional investors and hedge funds own 77.82% of the company’s stock.

Old Dominion Freight Line Stock Down 0.9 %

Shares of ODFL opened at $188.79 on Thursday. The company’s 50-day moving average price is $197.39 and its 200 day moving average price is $197.86. Old Dominion Freight Line, Inc. has a 12-month low of $165.49 and a 12-month high of $233.26. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01. The firm has a market cap of $40.31 billion, a P/E ratio of 33.01, a price-to-earnings-growth ratio of 5.07 and a beta of 1.05.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.01. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.49 billion. Old Dominion Freight Line had a net margin of 21.03% and a return on equity of 29.40%. The business’s revenue was down 3.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.54 EPS. On average, sell-side analysts forecast that Old Dominion Freight Line, Inc. will post 5.42 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently issued reports on ODFL. Stifel Nicolaus lowered their price objective on Old Dominion Freight Line from $178.00 to $176.00 and set a “hold” rating on the stock in a report on Wednesday, January 15th. Argus cut Old Dominion Freight Line from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. TD Cowen lowered their target price on shares of Old Dominion Freight Line from $203.00 to $196.00 and set a “hold” rating on the stock in a research note on Thursday, October 24th. Jefferies Financial Group increased their target price on shares of 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. Finally, Citigroup boosted their price target on shares of Old Dominion Freight Line from $201.00 to $241.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $201.50.

Insider Activity at Old Dominion Freight Line

In other news, Director Leo H. Suggs sold 3,000 shares of Old Dominion Freight Line 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 completion of the sale, the director now directly owns 7,383 shares of the company’s stock, valued at approximately $1,664,423.52. The trade was a 28.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Greg C. Gantt sold 7,000 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $200.07, for a total value of $1,400,490.00. Following the completion of the sale, the director now owns 97,890 shares in the company, valued at $19,584,852.30. This represents a 6.67 % decrease in their position. The disclosure for this sale can be found here. 9.90% of the stock is owned by insiders.

Old Dominion Freight Line 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.