Milestone Asset Management LLC Grows Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Milestone Asset Management LLC raised its holdings in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 50.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,475 shares of the transportation company's stock after purchasing an additional 3,866 shares during the quarter. Milestone Asset Management LLC's holdings in Old Dominion Freight Line were worth $2,024,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in ODFL. RPg Family Wealth Advisory LLC bought a new stake in shares of Old Dominion Freight Line during the third quarter worth $45,000. Brown Brothers Harriman & Co. lifted its position in shares of Old Dominion Freight Line by 398.1% during the third quarter. Brown Brothers Harriman & Co. now owns 269 shares of the transportation company's stock worth $53,000 after purchasing an additional 215 shares during the last quarter. Quarry LP bought a new stake in shares of Old Dominion Freight Line during the second quarter worth $60,000. Versant Capital Management Inc lifted its position in shares of Old Dominion Freight Line by 45.5% during the fourth quarter. Versant Capital Management Inc now owns 352 shares of the transportation company's stock worth $62,000 after purchasing an additional 110 shares during the last quarter. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Old Dominion Freight Line during the third quarter worth $64,000. 77.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ODFL. Barclays cut their price target on 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, January 17th. Susquehanna restated a "neutral" rating and set a $195.00 price target (down previously from $218.00) on shares of Old Dominion Freight Line in a research note on Tuesday, January 7th. JPMorgan Chase & Co. raised their price target on Old Dominion Freight Line from $186.00 to $205.00 and gave the company a "neutral" rating in a research note on Friday, December 6th. BMO Capital Markets cut their price target on Old Dominion Freight Line from $210.00 to $205.00 and set a "market perform" rating on the stock in a research note on Thursday, October 24th. Finally, Evercore ISI cut their price target on Old Dominion Freight Line from $199.00 to $188.00 and set an "in-line" rating on the stock in a research note on Thursday, October 3rd. One equities 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. According to data from MarketBeat, Old Dominion Freight Line presently has an average rating of "Hold" and a consensus price target of $202.44.

Insider Transactions at Old Dominion Freight Line

In related news, Director Leo H. Suggs sold 3,000 shares of the company's stock in a transaction that occurred 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 sale, the director now owns 7,383 shares in the company, valued at $1,664,423.52. This represents a 28.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 9.90% of the company's stock.

Old Dominion Freight Line Stock Up 0.2 %

Shares of ODFL stock traded up $0.38 during trading hours on Thursday, reaching $186.22. 693,193 shares of the company's stock were exchanged, compared to its average volume of 1,284,093. Old Dominion Freight Line, Inc. has a 1 year low of $165.49 and a 1 year high of $233.26. The stock has a market cap of $39.76 billion, a PE ratio of 32.53, a PEG ratio of 5.03 and a beta of 1.05. 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 fifty day moving average price is $194.87 and its two-hundred day moving average price is $198.10.

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.