Litman Gregory Wealth Management LLC Sells 74 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Litman Gregory Wealth Management LLC decreased its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 0.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 10,633 shares of the transportation company’s stock after selling 74 shares during the quarter. Litman Gregory Wealth Management LLC’s holdings in Old Dominion Freight Line were worth $1,876,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ODFL. SevenBridge Financial Group LLC grew its holdings in Old Dominion Freight Line by 2.0% during the 3rd quarter. SevenBridge Financial Group LLC now owns 2,611 shares of the transportation company’s stock worth $519,000 after acquiring an additional 50 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of Old Dominion Freight Line by 0.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 10,888 shares of the transportation company’s stock worth $2,163,000 after purchasing an additional 55 shares during the period. Hantz Financial Services Inc. boosted its stake in shares of Old Dominion Freight Line by 3.6% during the fourth quarter. Hantz Financial Services Inc. now owns 1,568 shares of the transportation company’s stock valued at $277,000 after purchasing an additional 55 shares in the last quarter. Brighton Jones LLC boosted its stake in shares of Old Dominion Freight Line by 5.0% during the third quarter. Brighton Jones LLC now owns 1,480 shares of the transportation company’s stock valued at $294,000 after purchasing an additional 71 shares in the last quarter. Finally, CVA Family Office LLC increased its holdings in Old Dominion Freight Line by 23.5% during the third quarter. CVA Family Office LLC now owns 394 shares of the transportation company’s stock valued at $78,000 after buying an additional 75 shares during the period. Hedge funds and other institutional investors own 77.82% of the company’s stock.

Old Dominion Freight Line Stock Down 0.6 %

ODFL stock opened at $185.61 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.33 and a quick ratio of 1.33. The firm’s fifty day simple moving average is $193.53 and its 200-day simple moving average is $197.95. 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 market capitalization 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.

Insider Buying and Selling at Old Dominion Freight Line

In other Old Dominion Freight Line news, Director Leo H. Suggs sold 3,000 shares of the company’s 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 sale, the director now owns 7,383 shares in the company, valued at approximately $1,664,423.52. This represents a 28.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 9.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have issued reports on ODFL. Jefferies Financial Group increased their target price on 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. The Goldman Sachs Group raised their price objective on Old Dominion Freight Line from $213.00 to $235.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. Argus downgraded shares of Old Dominion Freight Line from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Susquehanna reissued a “neutral” rating and set a $195.00 price target (down from $218.00) on shares of Old Dominion Freight Line in a research report on Tuesday, January 7th. Finally, Bank of America cut their price objective on shares of Old Dominion Freight Line from $237.00 to $204.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. One research 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $202.44.

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.