Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Receives $202.44 Average PT from Brokerages

Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) have earned an average rating of “Hold” from the twenty-one ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $202.44.

ODFL has been the topic of several research reports. Susquehanna reiterated a “neutral” rating and set a $195.00 price objective (down previously from $218.00) on shares of Old Dominion Freight Line in a report on Tuesday, January 7th. Stephens reiterated an “overweight” rating and set a $240.00 price objective on shares of Old Dominion Freight Line in a report on Wednesday, December 4th. Argus lowered shares of Old Dominion Freight Line from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. BMO Capital Markets lowered their target price on shares of 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. Finally, Barclays lowered their target price on shares of Old Dominion Freight Line from $220.00 to $210.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th.

Insider Transactions at Old Dominion Freight Line

In other news, Director Leo H. Suggs sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $225.44, for a total transaction of $676,320.00. Following the completion of the sale, the director now owns 7,383 shares in the company, valued at $1,664,423.52. This trade represents a 28.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 9.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. RPg Family Wealth Advisory LLC purchased a new position in Old Dominion Freight Line in the 3rd quarter valued at approximately $45,000. Synergy Asset Management LLC purchased a new position in Old Dominion Freight Line in the 4th quarter valued at approximately $41,000. Brown Brothers Harriman & Co. grew 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 valued at $53,000 after buying an additional 215 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in Old Dominion Freight Line in the 3rd quarter valued at approximately $64,000. Finally, Northwest Investment Counselors LLC purchased a new position in Old Dominion Freight Line in the 3rd quarter valued at approximately $67,000. 77.82% of the stock is currently owned by hedge funds and other institutional investors.

Old Dominion Freight Line Price Performance

Shares of NASDAQ ODFL opened at $182.05 on Thursday. The firm’s 50-day moving average price is $192.67 and its 200-day moving average price is $197.81. Old Dominion Freight Line has a 1-year low of $165.49 and a 1-year high of $233.26. The firm has a market capitalization of $38.87 billion, a P/E ratio of 31.83, a P/E/G ratio of 4.95 and a beta of 1.05. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01.

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.