Copeland Capital Management LLC Cuts Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Copeland Capital Management LLC lowered its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 15.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 46,814 shares of the transportation company’s stock after selling 8,238 shares during the quarter. Copeland Capital Management LLC’s holdings in Old Dominion Freight Line were worth $8,258,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Synergy Asset Management LLC purchased a new stake in shares of Old Dominion Freight Line in the fourth quarter worth about $41,000. RPg Family Wealth Advisory LLC purchased a new position in Old Dominion Freight Line in the 3rd quarter worth approximately $45,000. Brown Brothers Harriman & Co. grew its position in Old Dominion Freight Line by 398.1% in the third quarter. Brown Brothers Harriman & Co. now owns 269 shares of the transportation company’s stock valued at $53,000 after acquiring an additional 215 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of Old Dominion Freight Line by 45.5% during the fourth quarter. Versant Capital Management Inc now owns 352 shares of the transportation company’s stock valued at $62,000 after purchasing an additional 110 shares during the period. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Old Dominion Freight Line during the third quarter worth $64,000. Institutional investors and hedge funds own 77.82% of the company’s stock.

Insider Activity

In related news, Director Leo H. Suggs sold 3,000 shares of the stock in a transaction that occurred 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 transaction, the director now directly 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 filing with the SEC, which is available through the SEC website. Corporate insiders own 9.90% of the company’s stock.

Old Dominion Freight Line Trading Down 0.6 %

Shares of NASDAQ:ODFL opened at $185.61 on Monday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.01. The company’s 50-day moving average price is $193.53 and its 200 day moving average price is $197.90. The company has a market cap of $39.63 billion, a PE ratio of 32.45, a P/E/G ratio of 4.96 and a beta of 1.05. Old Dominion Freight Line, Inc. has a fifty-two week low of $165.49 and a fifty-two week high of $233.26.

Analysts Set New Price Targets

ODFL has been the subject of a number of recent analyst reports. Susquehanna reaffirmed a “neutral” rating and set a $195.00 price target (down from $218.00) on shares of Old Dominion Freight Line in a report on Tuesday, January 7th. Argus downgraded Old Dominion Freight Line from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Robert W. Baird dropped their target price on Old Dominion Freight Line from $204.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Stephens reissued an “overweight” rating and issued a $240.00 price target on shares of Old Dominion Freight Line in a report on Wednesday, December 4th. Finally, BMO Capital Markets dropped their price objective on Old Dominion Freight Line from $210.00 to $205.00 and set a “market perform” rating on the stock in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $202.44.

About Old Dominion Freight Line

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.