Bensler LLC Acquires 2,923 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Bensler LLC lifted its holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 7.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,476 shares of the transportation company's stock after acquiring an additional 2,923 shares during the quarter. Bensler LLC's holdings in Old Dominion Freight Line were worth $7,846,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC bought a new stake in shares of Old Dominion Freight Line during the third quarter worth $45,000. Brown Brothers Harriman & Co. grew its holdings in Old Dominion Freight Line by 398.1% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 269 shares of the transportation company's stock worth $53,000 after acquiring an additional 215 shares during the last quarter. Quarry LP acquired a new stake in Old Dominion Freight Line in the 2nd quarter valued at about $60,000. Versant Capital Management Inc raised its stake in shares of Old Dominion Freight Line by 45.5% in the fourth quarter. Versant Capital Management Inc now owns 352 shares of the transportation company's stock worth $62,000 after acquiring an additional 110 shares during the last quarter. Finally, Ashton Thomas Securities LLC bought a new position in Old Dominion Freight Line in the 3rd quarter worth approximately $64,000. 77.82% of the stock is owned by institutional investors and hedge funds.

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 shares were sold at an average price of $225.44, for a total value of $676,320.00. Following the completion of the sale, the director now owns 7,383 shares in the company, valued at $1,664,423.52. This trade represents a 28.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 9.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. BMO Capital Markets lowered 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 research note on Thursday, October 24th. Stifel Nicolaus lifted their price objective on Old Dominion Freight Line from $176.00 to $193.00 and gave the stock a "hold" rating in a research report on Thursday, January 23rd. Robert W. Baird cut their target price on shares of Old Dominion Freight Line from $204.00 to $200.00 and set an "outperform" rating on the stock in a research report on Thursday, October 24th. JPMorgan Chase & Co. lifted their price target on shares of Old Dominion Freight Line from $186.00 to $205.00 and gave the stock a "neutral" rating in a research report on Friday, December 6th. Finally, Wells Fargo & Company cut their price target 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. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $202.44.

Old Dominion Freight Line Stock Down 2.4 %

Shares of NASDAQ ODFL traded down $4.72 during midday trading on Tuesday, reaching $189.99. The company's stock had a trading volume of 1,522,658 shares, compared to its average volume of 1,305,792. The stock has a market capitalization of $40.56 billion, a price-to-earnings ratio of 33.22, a PEG ratio of 5.03 and a beta of 1.05. Old Dominion Freight Line, Inc. has a fifty-two week low of $165.49 and a fifty-two week high of $233.26. The stock has a 50 day simple moving average of $195.87 and a 200-day simple moving average of $198.18. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01.

About Old Dominion Freight Line

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.