Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Shares Sold by Calton & Associates Inc.

Calton & Associates Inc. reduced its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 56.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,425 shares of the transportation company’s stock after selling 1,875 shares during the period. Calton & Associates Inc.’s holdings in Old Dominion Freight Line were worth $251,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. RPg Family Wealth Advisory LLC acquired a new position in Old Dominion Freight Line in the third quarter worth approximately $45,000. Synergy Asset Management LLC purchased a new stake in shares of Old Dominion Freight Line in the 4th quarter valued at approximately $41,000. Brown Brothers Harriman & Co. boosted its stake in Old Dominion Freight Line by 398.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 269 shares of the transportation company’s stock worth $53,000 after purchasing an additional 215 shares during the period. Ashton Thomas Securities LLC purchased a new position in Old Dominion Freight Line during the 3rd quarter worth approximately $64,000. Finally, Northwest Investment Counselors LLC acquired a new stake in Old Dominion Freight Line during the 3rd quarter valued at $67,000. 77.82% of the stock is currently owned by institutional investors.

Old Dominion Freight Line Stock Down 0.6 %

ODFL opened at $185.61 on Friday. The firm has a market cap of $39.63 billion, a P/E ratio of 32.45, a price-to-earnings-growth ratio of 4.96 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 business has a 50 day moving average price of $193.53 and a 200 day moving average price of $197.95. Old Dominion Freight Line, Inc. has a twelve month low of $165.49 and a twelve month high of $233.26.

Analysts Set New Price Targets

Several analysts have recently commented on ODFL shares. Susquehanna reaffirmed a “neutral” rating and issued a $195.00 target price (down previously from $218.00) on shares of Old Dominion Freight Line in a research report on Tuesday, January 7th. Citigroup raised their price objective on 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. TD Cowen reduced 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 research report on Thursday, October 24th. Stifel Nicolaus boosted 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. Finally, Jefferies Financial Group upped their price objective on shares of Old Dominion Freight Line from $185.00 to $190.00 and gave the company a “hold” rating in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $202.44.

Insider Transactions at Old Dominion Freight Line

In related news, Director Leo H. Suggs sold 3,000 shares of the business’s 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 completion of the transaction, the director now 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 9.90% of the stock is owned by corporate 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.