Swedbank AB Sells 97,061 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Swedbank AB decreased its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 31.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 216,179 shares of the transportation company’s stock after selling 97,061 shares during the quarter. Swedbank AB owned about 0.10% of Old Dominion Freight Line worth $38,134,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hantz Financial Services Inc. increased its position in Old Dominion Freight Line by 3.6% during the 4th quarter. Hantz Financial Services Inc. now owns 1,568 shares of the transportation company’s stock worth $277,000 after buying an additional 55 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in shares of Old Dominion Freight Line by 8.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 13,388 shares of the transportation company’s stock valued at $2,362,000 after acquiring an additional 1,044 shares in the last quarter. Bensler LLC increased its position in Old Dominion Freight Line by 7.0% during the fourth quarter. Bensler LLC now owns 44,476 shares of the transportation company’s stock worth $7,846,000 after acquiring an additional 2,923 shares during the period. Stonegate Investment Group LLC raised its stake in Old Dominion Freight Line by 23.9% in the 4th quarter. Stonegate Investment Group LLC now owns 1,430 shares of the transportation company’s stock worth $252,000 after purchasing an additional 276 shares in the last quarter. Finally, Perigon Wealth Management LLC boosted its holdings in Old Dominion Freight Line by 18.1% in the 4th quarter. Perigon Wealth Management LLC now owns 1,938 shares of the transportation company’s stock valued at $368,000 after purchasing an additional 297 shares during the period. Institutional investors and hedge funds own 77.82% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on ODFL. Citigroup lifted their price target on shares of Old Dominion Freight Line from $201.00 to $241.00 and gave the company a “neutral” rating in a research report on Tuesday, November 12th. Stifel Nicolaus lifted their price objective on Old Dominion Freight Line from $176.00 to $193.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Stephens reissued an “overweight” rating and set a $240.00 target price on shares of Old Dominion Freight Line in a report on Wednesday, December 4th. Wells Fargo & Company dropped their price target on Old Dominion Freight Line from $195.00 to $185.00 and set an “underweight” rating for the company in a research note on Tuesday, January 7th. Finally, Susquehanna reaffirmed a “neutral” rating and set a $195.00 price objective (down previously from $218.00) on shares of Old Dominion Freight Line in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $202.44.

Insider Buying and Selling

In other news, Director Leo H. Suggs sold 3,000 shares of Old Dominion Freight Line stock in a transaction dated 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 directly owns 7,383 shares of the company’s stock, valued at approximately $1,664,423.52. This trade represents a 28.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 9.90% of the stock is currently owned by corporate insiders.

Old Dominion Freight Line Stock Up 0.5 %

Shares of NASDAQ:ODFL opened at $186.78 on Friday. Old Dominion Freight Line, Inc. has a 52-week low of $165.49 and a 52-week high of $233.26. The company has a market capitalization of $39.88 billion, a PE ratio of 32.65, a price-to-earnings-growth ratio of 5.03 and a beta of 1.05. 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 company has a fifty day moving average of $194.22 and a 200-day moving average of $198.02.

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.