Mount Yale Investment Advisors LLC Sells 63 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Mount Yale Investment Advisors LLC cut its holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 1.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,966 shares of the transportation company’s stock after selling 63 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Old Dominion Freight Line were worth $876,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. RPg Family Wealth Advisory LLC purchased a new stake in Old Dominion Freight Line in the third quarter worth about $45,000. Brown Brothers Harriman & Co. boosted its position in shares of 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 in the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of Old Dominion Freight Line in the 3rd quarter worth approximately $64,000. Northwest Investment Counselors LLC bought a new position in Old Dominion Freight Line during the 3rd quarter valued at approximately $67,000. Finally, Quarry LP bought a new position in Old Dominion Freight Line during the 2nd quarter valued at approximately $60,000. 77.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ODFL has been the topic of a number of recent research reports. Wells Fargo & Company cut their target price on Old Dominion Freight Line from $195.00 to $185.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 7th. TD Cowen cut their price objective on shares of Old Dominion Freight Line from $203.00 to $196.00 and set a “hold” rating on the stock in a research report on Thursday, October 24th. Citigroup raised their price objective on shares of Old Dominion Freight Line from $201.00 to $241.00 and gave the company a “neutral” rating in a research note on Tuesday, November 12th. Stephens reiterated an “overweight” rating and issued a $240.00 target price on shares of Old Dominion Freight Line in a research note on Wednesday, December 4th. Finally, Jefferies Financial Group raised their price target on shares of 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. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $202.44.

Insiders Place Their Bets

In other Old Dominion Freight Line 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 9.90% of the company’s stock.

Old Dominion Freight Line Price Performance

Shares of NASDAQ:ODFL opened at $194.71 on Tuesday. The firm’s 50 day moving average price is $195.87 and its 200-day moving average price is $198.18. 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 stock has a market capitalization of $41.57 billion, a PE ratio of 34.04, a price-to-earnings-growth ratio of 5.03 and a beta of 1.05. Old Dominion Freight Line, Inc. has a twelve month low of $165.49 and a twelve month high of $233.26.

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.