Old Dominion Freight Line (ODFL) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama lowered its stake in shares of Old Dominion Freight Line (NASDAQ:ODFL) by 0.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 146,983 shares of the transportation company’s stock after selling 1,265 shares during the period. Retirement Systems of Alabama owned 0.18% of Old Dominion Freight Line worth $23,702,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. State of Alaska Department of Revenue lifted its holdings in Old Dominion Freight Line by 50.4% during the second quarter. State of Alaska Department of Revenue now owns 8,000 shares of the transportation company’s stock worth $1,191,000 after buying an additional 2,680 shares during the period. Scout Investments Inc. lifted its holdings in shares of Old Dominion Freight Line by 3.8% during the 2nd quarter. Scout Investments Inc. now owns 107,486 shares of the transportation company’s stock valued at $16,011,000 after purchasing an additional 3,938 shares during the last quarter. Carillon Tower Advisers Inc. lifted its holdings in shares of Old Dominion Freight Line by 35.0% during the 2nd quarter. Carillon Tower Advisers Inc. now owns 328,396 shares of the transportation company’s stock valued at $48,917,000 after purchasing an additional 85,156 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of Old Dominion Freight Line by 2.7% during the 2nd quarter. Raymond James & Associates now owns 91,025 shares of the transportation company’s stock valued at $13,559,000 after purchasing an additional 2,374 shares during the last quarter. Finally, Royal London Asset Management Ltd. purchased a new stake in shares of Old Dominion Freight Line during the 2nd quarter valued at $13,838,000. Institutional investors own 72.47% of the company’s stock.

Several analysts have recently commented on ODFL shares. ValuEngine upgraded Old Dominion Freight Line from a “hold” rating to a “buy” rating in a report on Tuesday, September 4th. BidaskClub upgraded Old Dominion Freight Line from a “hold” rating to a “buy” rating in a report on Tuesday, September 4th. Morgan Stanley increased their price objective on Old Dominion Freight Line from $158.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, October 9th. Stifel Nicolaus reiterated a “hold” rating on shares of Old Dominion Freight Line in a report on Friday, July 27th. Finally, Deutsche Bank upgraded Old Dominion Freight Line from a “sell” rating to a “hold” rating and set a $131.00 price objective for the company in a report on Wednesday. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $146.85.



Shares of ODFL stock opened at $124.39 on Friday. The firm has a market capitalization of $10.23 billion, a P/E ratio of 19.01, a PEG ratio of 0.71 and a beta of 1.18. The company has a quick ratio of 1.77, a current ratio of 1.92 and a debt-to-equity ratio of 0.02. Old Dominion Freight Line has a 1 year low of $116.61 and a 1 year high of $170.22.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its earnings results on Thursday, October 25th. The transportation company reported $2.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.97 by $0.15. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.06 billion. Old Dominion Freight Line had a return on equity of 22.13% and a net margin of 16.47%. Analysts forecast that Old Dominion Freight Line will post 6.97 EPS for the current fiscal year.

Old Dominion Freight Line Profile

Old Dominion Freight Line, Inc operates as a less-than-truckload (LTL) motor carrier in the United States and North America. It provides regional, inter-regional, and national LTL services, including ground and air expedited transportation, and consumer household pickup and delivery. The company also offers various value-added services comprising container drayage, truckload brokerage, supply chain consulting, and warehousing.

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Institutional Ownership by Quarter for Old Dominion Freight Line (NASDAQ:ODFL)

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