Gateway Investment Advisers LLC Has $14.36 Million Stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Gateway Investment Advisers LLC lessened its holdings in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,388 shares of the transportation company's stock after selling 1,326 shares during the quarter. Gateway Investment Advisers LLC's holdings in Old Dominion Freight Line were worth $14,357,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. American Century Companies Inc. increased its stake in Old Dominion Freight Line by 10.7% in the 2nd quarter. American Century Companies Inc. now owns 159,873 shares of the transportation company's stock valued at $28,234,000 after buying an additional 15,441 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Old Dominion Freight Line by 9.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,033,160 shares of the transportation company's stock valued at $182,444,000 after acquiring an additional 86,427 shares in the last quarter. Citizens Financial Group Inc. RI acquired a new position in shares of Old Dominion Freight Line in the second quarter worth $211,000. Mercer Global Advisors Inc. ADV raised its holdings in shares of Old Dominion Freight Line by 1.3% during the second quarter. Mercer Global Advisors Inc. ADV now owns 6,760 shares of the transportation company's stock worth $1,194,000 after acquiring an additional 84 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its position in Old Dominion Freight Line by 5.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 25,026 shares of the transportation company's stock valued at $4,415,000 after purchasing an additional 1,359 shares during the last quarter. Institutional investors and hedge funds own 77.82% of the company's stock.

Analyst Upgrades and Downgrades

ODFL has been the topic of several research reports. Argus lowered Old Dominion Freight Line from a "buy" rating to a "hold" rating in a research report on Tuesday, November 12th. Stifel Nicolaus dropped their price objective on Old Dominion Freight Line from $178.00 to $176.00 and set a "hold" rating on the stock in a report on Wednesday. Evercore ISI reduced their target price on shares of Old Dominion Freight Line from $199.00 to $188.00 and set an "in-line" rating for the company in a research note on Thursday, October 3rd. 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 report on Thursday, December 12th. Finally, JPMorgan Chase & Co. raised their price target on shares of Old Dominion Freight Line from $186.00 to $205.00 and gave the company a "neutral" rating in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $201.50.

Old Dominion Freight Line Stock Performance

Shares of ODFL stock traded down $0.37 during trading hours on Friday, reaching $189.55. 1,306,990 shares of the company's stock were exchanged, compared to its average volume of 1,265,807. Old Dominion Freight Line, Inc. has a fifty-two week low of $165.49 and a fifty-two week high of $233.26. 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 $40.47 billion, a P/E ratio of 33.14, a P/E/G ratio of 3.40 and a beta of 1.05. The business has a fifty day moving average price of $200.42 and a 200-day moving average price of $197.52.

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, beating the consensus estimate of $1.42 by $0.01. The firm had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.49 billion. Old Dominion Freight Line had a net margin of 21.03% and a return on equity of 29.40%. The business's quarterly revenue was down 3.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.54 EPS. Analysts predict that Old Dominion Freight Line, Inc. will post 5.42 EPS for the current fiscal year.

Insider Activity

In other news, Director Greg C. Gantt sold 7,000 shares of the firm's stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $200.07, for a total transaction of $1,400,490.00. Following the completion of the transaction, the director now directly owns 97,890 shares of the company's stock, valued at approximately $19,584,852.30. This trade represents a 6.67 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Leo H. Suggs sold 3,000 shares of Old Dominion Freight Line stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $225.44, for a total transaction of $676,320.00. Following the sale, the director now owns 7,383 shares in the company, valued at approximately $1,664,423.52. This trade represents a 28.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.90% of the stock is owned by company insiders.

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.