Central Bank & Trust Co. Trims Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Central Bank & Trust Co. decreased its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 13.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 16,210 shares of the transportation company's stock after selling 2,496 shares during the quarter. Central Bank & Trust Co.'s holdings in Old Dominion Freight Line were worth $2,859,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in ODFL. State Street Corp boosted its stake in Old Dominion Freight Line by 3.8% in the 3rd quarter. State Street Corp now owns 7,633,531 shares of the transportation company's stock worth $1,516,324,000 after purchasing an additional 279,946 shares during the period. Geode Capital Management LLC boosted its position in shares of Old Dominion Freight Line by 6.0% during the 3rd quarter. Geode Capital Management LLC now owns 4,830,973 shares of the transportation company's stock valued at $959,005,000 after acquiring an additional 275,236 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Old Dominion Freight Line by 109.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,435,228 shares of the transportation company's stock valued at $285,094,000 after acquiring an additional 750,073 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Old Dominion Freight Line by 4.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,329,826 shares of the transportation company's stock valued at $264,157,000 after acquiring an additional 57,301 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Old Dominion Freight Line by 7.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,203,666 shares of the transportation company's stock valued at $239,096,000 after acquiring an additional 78,587 shares during the last quarter. Institutional investors own 77.82% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ODFL. Jefferies Financial Group lifted their price target on 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. Stifel Nicolaus decreased their price target on Old Dominion Freight Line from $178.00 to $176.00 and set a "hold" rating on the stock in a research note on Wednesday, January 15th. TD Cowen cut 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. Wells Fargo & Company cut their price objective on Old Dominion Freight Line from $195.00 to $185.00 and set an "underweight" rating on the stock in a research report on Tuesday, January 7th. Finally, Susquehanna reiterated a "neutral" rating and issued a $195.00 price objective (down from $218.00) on shares of Old Dominion Freight Line in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Old Dominion Freight Line presently has a consensus rating of "Hold" and a consensus target price of $201.50.

Old Dominion Freight Line Stock Up 0.5 %

Old Dominion Freight Line stock traded up $0.88 during mid-day trading on Tuesday, hitting $190.43. The company had a trading volume of 1,440,008 shares, compared to its average volume of 1,279,604. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01. The stock's 50 day moving average price is $198.84 and its two-hundred day moving average price is $197.87. Old Dominion Freight Line, Inc. has a 12 month low of $165.49 and a 12 month high of $233.26. The company has a market capitalization of $40.66 billion, a PE ratio of 33.29, a price-to-earnings-growth ratio of 5.05 and a beta of 1.05.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last released its 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. Old Dominion Freight Line had a return on equity of 29.40% and a net margin of 21.03%. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the previous year, the company posted $1.54 earnings per share. The company's revenue for the quarter was down 3.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Old Dominion Freight Line, Inc. will post 5.42 earnings per share for the current fiscal year.

Insider Transactions at Old Dominion Freight Line

In other news, Director Leo H. Suggs sold 3,000 shares of the business's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $225.44, for a total value of $676,320.00. Following the completion of the transaction, the director now owns 7,383 shares in the company, valued at $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 Securities & Exchange Commission, which is available through this link. Also, Director Greg C. Gantt sold 7,000 shares of the business's stock in a transaction on Monday, October 28th. The stock was sold at an average price of $200.07, for a total value of $1,400,490.00. Following the completion of the transaction, the director now owns 97,890 shares of the company's stock, 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.

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.