Sib LLC Has $27.20 Million Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Sib LLC lessened its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 5.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 154,172 shares of the transportation company's stock after selling 9,400 shares during the quarter. Old Dominion Freight Line comprises approximately 14.3% of Sib LLC's portfolio, making the stock its 2nd biggest position. Sib LLC owned about 0.07% of Old Dominion Freight Line worth $27,196,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ODFL. Benjamin Edwards Inc. purchased a new position in shares of Old Dominion Freight Line in the second quarter valued at $25,000. RPg Family Wealth Advisory LLC acquired a new position in Old Dominion Freight Line during the third quarter worth about $45,000. Brown Brothers Harriman & Co. lifted its holdings in shares of Old Dominion Freight Line by 398.1% in the third quarter. Brown Brothers Harriman & Co. now owns 269 shares of the transportation company's stock valued at $53,000 after purchasing an additional 215 shares in the last quarter. Quarry LP acquired a new stake in shares of Old Dominion Freight Line in the second quarter valued at approximately $60,000. Finally, Versant Capital Management Inc increased its stake 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 worth $62,000 after purchasing an additional 110 shares in the last quarter. 77.82% of the stock is currently owned by hedge funds and other institutional investors.

Old Dominion Freight Line Stock Down 0.2 %

Shares of ODFL traded down $0.37 during mid-day trading on Friday, reaching $189.55. The company's stock had a trading volume of 1,306,990 shares, compared to its average volume of 1,229,604. The company has a market cap of $40.47 billion, a price-to-earnings ratio of 33.14, a price-to-earnings-growth ratio of 3.40 and a beta of 1.05. The business has a fifty day moving average of $199.69 and a 200 day moving average of $197.70. 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, Inc. has a 1 year low of $165.49 and a 1 year high of $233.26.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $1.43 EPS for the quarter, topping analysts' consensus estimates of $1.42 by $0.01. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.49 billion. Old Dominion Freight Line had a return on equity of 29.40% and a net margin of 21.03%. The business's quarterly revenue was down 3.0% compared to the same quarter last year. During the same period last year, the company posted $1.54 EPS. As a group, analysts forecast that Old Dominion Freight Line, Inc. will post 5.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

ODFL has been the subject of a number of recent research reports. TD Cowen dropped their price objective on Old Dominion Freight Line from $203.00 to $196.00 and set a "hold" rating for the company in a research report on Thursday, October 24th. Barclays reduced their price objective on shares of Old Dominion Freight Line from $220.00 to $210.00 and set an "equal weight" rating on the stock in a research note on Friday. Stifel Nicolaus lowered their target price on shares of Old Dominion Freight Line from $178.00 to $176.00 and set a "hold" rating for the company in a research note on Wednesday. Jefferies Financial Group increased their price target 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, Argus downgraded Old Dominion Freight Line from a "buy" rating to a "hold" rating in a research report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $201.50.

Insider Activity at Old Dominion Freight Line

In related news, Director Leo H. Suggs sold 3,000 shares of Old Dominion Freight Line 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 of the company's stock, valued at approximately $1,664,423.52. The trade was a 28.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Greg C. Gantt sold 7,000 shares of the business's stock in a transaction that occurred 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 sale, the director now 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 ownership of the stock. The disclosure for this sale can be found here. 9.90% of the stock is currently owned by insiders.

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.