Old Dominion Freight Line (NASDAQ:ODFL) Price Target Lowered to $176.00 at Stifel Nicolaus

Old Dominion Freight Line (NASDAQ:ODFL) had its price objective trimmed by Stifel Nicolaus from $178.00 to $176.00 in a report published on Wednesday morning,Benzinga reports. The brokerage currently has a hold rating on the transportation company’s stock.

ODFL has been the subject of a number of other research reports. Stephens restated an “overweight” rating and set a $240.00 target price on shares of Old Dominion Freight Line in a research report on Wednesday, December 4th. Robert W. Baird reduced 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 note on Thursday, October 24th. Evercore ISI reduced their price objective on shares of Old Dominion Freight Line from $199.00 to $188.00 and set an “in-line” rating on the stock in a research note on Thursday, October 3rd. JPMorgan Chase & Co. upped their price target on Old Dominion Freight Line from $186.00 to $205.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Finally, BMO Capital Markets decreased their target price on Old Dominion Freight Line from $210.00 to $205.00 and set a “market perform” rating for the company in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $202.17.

Old Dominion Freight Line Stock Up 1.8 %

Shares of NASDAQ ODFL opened at $186.86 on Wednesday. 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 firm has a 50-day moving average price of $201.08 and a 200 day moving average price of $197.57. Old Dominion Freight Line has a 52 week low of $165.49 and a 52 week high of $233.26. The stock has a market capitalization of $39.89 billion, a price-to-earnings ratio of 32.67, a price-to-earnings-growth ratio of 3.40 and a beta of 1.05.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.42 by $0.01. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.49 billion. Old Dominion Freight Line had a return on equity of 29.40% and a net margin of 21.03%. The company’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.54 EPS. Equities research analysts anticipate that Old Dominion Freight Line will post 5.42 EPS for the current fiscal year.

Insider Buying and Selling at Old Dominion Freight Line

In related news, Director Greg C. Gantt sold 7,000 shares of Old Dominion Freight Line stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $200.07, for a total transaction of $1,400,490.00. Following the transaction, the director now directly owns 97,890 shares of the company’s stock, valued at $19,584,852.30. The trade was a 6.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Leo H. Suggs sold 3,000 shares of the company’s stock in a transaction dated 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 directly owns 7,383 shares of the company’s stock, valued at $1,664,423.52. The trade was a 28.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. SevenBridge Financial Group LLC grew its holdings in shares of Old Dominion Freight Line by 2.0% in 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 during the last quarter. Advisors Asset Management Inc. boosted 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 valued at $2,163,000 after purchasing an additional 55 shares during the period. Hantz Financial Services Inc. increased its stake in Old Dominion Freight Line by 3.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,513 shares of the transportation company’s stock worth $301,000 after purchasing an additional 56 shares in the last quarter. Brighton Jones LLC increased its stake in Old Dominion Freight Line by 5.0% in the 3rd quarter. Brighton Jones LLC now owns 1,480 shares of the transportation company’s stock worth $294,000 after purchasing an additional 71 shares in the last quarter. Finally, CVA Family Office LLC raised its holdings in Old Dominion Freight Line by 23.5% during the 3rd quarter. CVA Family Office LLC now owns 394 shares of the transportation company’s stock worth $78,000 after buying an additional 75 shares during the period. Institutional investors own 77.82% of the company’s stock.

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.