Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Stake Cut by RMR Wealth Builders

RMR Wealth Builders cut its holdings in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 5.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,841 shares of the transportation company’s stock after selling 100 shares during the quarter. RMR Wealth Builders’ holdings in Old Dominion Freight Line were worth $325,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Outlook Wealth Advisors LLC raised its position in Old Dominion Freight Line by 30.9% during the fourth quarter. Outlook Wealth Advisors LLC now owns 2,096 shares of the transportation company’s stock valued at $370,000 after acquiring an additional 495 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in Old Dominion Freight Line by 19.8% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 7,802 shares of the transportation company’s stock worth $1,376,000 after acquiring an additional 1,290 shares during the last quarter. Park Avenue Securities LLC boosted its stake in Old Dominion Freight Line by 11.9% during the 4th quarter. Park Avenue Securities LLC now owns 4,714 shares of the transportation company’s stock valued at $832,000 after purchasing an additional 501 shares during the period. Board of the Pension Protection Fund bought a new stake in shares of Old Dominion Freight Line in the fourth quarter valued at approximately $600,000. Finally, Czech National Bank boosted its holdings in Old Dominion Freight Line by 6.0% in the 4th quarter. Czech National Bank now owns 40,736 shares of the transportation company’s stock valued at $7,186,000 after purchasing an additional 2,320 shares during the period. Institutional investors and hedge funds own 77.82% of the company’s stock.

Insiders Place Their Bets

In other Old Dominion Freight Line news, Director Leo H. Suggs sold 3,000 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $225.44, for a total transaction of $676,320.00. Following the sale, the director now directly owns 7,383 shares in the company, valued at approximately $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 accessible through this hyperlink. Also, Director Greg C. Gantt sold 7,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the director now owns 97,890 shares in the company, valued at $19,584,852.30. This represents a 6.67 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 9.90% of the company’s stock.

Old Dominion Freight Line Stock Up 1.6 %

Shares of ODFL opened at $189.92 on Friday. The firm has a market cap of $40.55 billion, a P/E ratio of 33.20, a P/E/G ratio of 3.40 and a beta of 1.05. Old Dominion Freight Line, Inc. has a 1 year low of $165.49 and a 1 year high of $233.26. The stock has a 50 day simple moving average of $201.08 and a two-hundred day simple moving average of $197.57. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.33 and a quick ratio of 1.33.

Old Dominion Freight Line (NASDAQ:ODFL) last released its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.01. Old Dominion Freight Line had a net margin of 21.03% and a return on equity of 29.40%. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the previous year, the company earned $1.54 earnings per share. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. On average, analysts forecast that Old Dominion Freight Line, Inc. will post 5.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ODFL. TD Cowen lowered their price objective on 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. The Goldman Sachs Group boosted their target price on shares of Old Dominion Freight Line from $213.00 to $235.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. Susquehanna restated a “neutral” rating and set a $195.00 target price (down from $218.00) on shares of Old Dominion Freight Line in a research report on Tuesday, January 7th. Wells Fargo & Company decreased their price objective on Old Dominion Freight Line from $195.00 to $185.00 and set an “underweight” rating for the company in a research note on Tuesday, January 7th. Finally, Robert W. Baird decreased their price target on shares of Old Dominion Freight Line from $204.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Old Dominion Freight Line currently has a consensus rating of “Hold” and an average target price of $202.06.

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.