Ibex Wealth Advisors Makes New $471,000 Investment in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Ibex Wealth Advisors acquired a new stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,668 shares of the transportation company's stock, valued at approximately $471,000.

A number of other hedge funds have also modified their holdings of the company. SevenBridge Financial Group LLC boosted its stake in Old Dominion Freight Line by 2.0% in the 3rd quarter. SevenBridge Financial Group LLC now owns 2,611 shares of the transportation company's stock worth $519,000 after purchasing an additional 50 shares during the period. Advisors Asset Management Inc. boosted its stake in shares of Old Dominion Freight Line by 0.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 10,888 shares of the transportation company's stock worth $2,163,000 after acquiring an additional 55 shares during the period. Hantz Financial Services Inc. increased its holdings in shares of Old Dominion Freight Line by 3.6% in the fourth quarter. Hantz Financial Services Inc. now owns 1,568 shares of the transportation company's stock valued at $277,000 after purchasing an additional 55 shares during the last quarter. Brighton Jones LLC raised its holdings in Old Dominion Freight Line by 5.0% in the 3rd quarter. Brighton Jones LLC now owns 1,480 shares of the transportation company's stock valued at $294,000 after acquiring an additional 71 shares during the period. Finally, CVA Family Office LLC increased its stake in shares of Old Dominion Freight Line by 23.5% during the third quarter. CVA Family Office LLC now owns 394 shares of the transportation company's stock worth $78,000 after purchasing an additional 75 shares during the period. 77.82% of the stock is currently owned by institutional investors and hedge funds.

Old Dominion Freight Line Stock Up 0.3 %

Shares of NASDAQ:ODFL traded up $0.63 during trading on Thursday, reaching $186.47. 504,181 shares of the stock were exchanged, compared to its average volume of 1,275,731. The stock has a fifty day moving average of $194.87 and a two-hundred day moving average of $198.10. Old Dominion Freight Line, Inc. has a 1-year low of $165.49 and a 1-year high of $233.26. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.33 and a quick ratio of 1.33. The firm has a market cap of $39.81 billion, a price-to-earnings ratio of 32.60, a price-to-earnings-growth ratio of 5.03 and a beta of 1.05.

Analyst Ratings Changes

Several brokerages have weighed in on ODFL. Jefferies Financial Group lifted their price objective on shares of 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. Susquehanna reiterated a "neutral" rating and issued a $195.00 target price (down previously from $218.00) on shares of Old Dominion Freight Line in a research report on Tuesday, January 7th. The Goldman Sachs Group increased their price target on Old Dominion Freight Line from $213.00 to $235.00 and gave the company a "neutral" rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. lifted their target price 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, Robert W. Baird reduced their price target on 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. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Old Dominion Freight Line has an average rating of "Hold" and an average price target of $202.44.

Insider Activity at Old Dominion Freight Line

In other news, Director Leo H. Suggs sold 3,000 shares of Old Dominion Freight Line 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 $1,664,423.52. The trade was a 28.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 9.90% of the stock is owned by 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.