Hennion & Walsh Asset Management Inc. Acquires 1,361 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Hennion & Walsh Asset Management Inc. lifted its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 5.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,640 shares of the transportation company's stock after buying an additional 1,361 shares during the period. Hennion & Walsh Asset Management Inc.'s holdings in Old Dominion Freight Line were worth $4,346,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Benjamin Edwards Inc. bought a new stake in shares of Old Dominion Freight Line during the second quarter valued at approximately $25,000. RPg Family Wealth Advisory LLC bought a new stake in Old Dominion Freight Line in the 3rd quarter valued at $45,000. Brown Brothers Harriman & Co. raised its stake in shares of Old Dominion Freight Line by 398.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 269 shares of the transportation company's stock valued at $53,000 after buying an additional 215 shares in the last quarter. Quarry LP bought a new position in shares of Old Dominion Freight Line during the 2nd quarter worth about $60,000. Finally, Versant Capital Management Inc boosted its position in shares of Old Dominion Freight Line by 45.5% during the 4th quarter. Versant Capital Management Inc now owns 352 shares of the transportation company's stock valued at $62,000 after acquiring an additional 110 shares in the last quarter. 77.82% of the stock is currently owned by institutional investors.

Insider Transactions at Old Dominion Freight Line

In other news, Director Greg C. Gantt sold 7,000 shares of the business's stock in a transaction on Monday, October 28th. The shares were 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. The trade was a 6.67 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Leo H. Suggs sold 3,000 shares of the company's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $225.44, for a total transaction of $676,320.00. Following the completion of the sale, the director now owns 7,383 shares of the company's stock, valued at approximately $1,664,423.52. This represents a 28.89 % decrease in their position. The disclosure for this sale can be found here. 9.90% of the stock is owned by corporate insiders.

Old Dominion Freight Line Trading Up 1.6 %

NASDAQ:ODFL traded up $3.06 during trading hours on Thursday, hitting $189.92. 1,083,077 shares of the stock were exchanged, compared to its average volume of 1,261,647. The company's 50 day moving average is $201.08 and its two-hundred day moving average is $197.57. The company has a market capitalization of $40.55 billion, a P/E ratio of 33.20, a price-to-earnings-growth ratio of 3.40 and a beta of 1.05. Old Dominion Freight Line, Inc. has a twelve month low of $165.49 and a twelve month 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.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $1.43 earnings per share for the quarter, topping 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 business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the previous year, the firm posted $1.54 earnings per share. Old Dominion Freight Line's revenue for the quarter was down 3.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Old Dominion Freight Line, Inc. will post 5.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Barclays increased their price target on shares of Old Dominion Freight Line from $190.00 to $220.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 13th. Stephens restated an "overweight" rating and set a $240.00 target price on shares of Old Dominion Freight Line in a research report on Wednesday, December 4th. Bank of America decreased their price target on Old Dominion Freight Line from $237.00 to $204.00 and set a "neutral" rating on the stock in a research note on Thursday. Jefferies Financial Group increased their price objective on Old Dominion Freight Line from $185.00 to $190.00 and gave the stock a "hold" rating in a research note on Friday, January 10th. Finally, JPMorgan Chase & Co. lifted their price objective on 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 research analyst has rated the stock with a sell rating, sixteen have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Old Dominion Freight Line presently has an average rating of "Hold" and a consensus price target 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.