Old Dominion Freight Line (NASDAQ:ODFL) Cut to Sell at StockNews.com

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) was downgraded by StockNews.com from a "hold" rating to a "sell" rating in a research note issued to investors on Friday.

A number of other brokerages also recently weighed in on ODFL. The Goldman Sachs Group boosted their price target on shares of Old Dominion Freight Line from $213.00 to $235.00 and gave the stock a "neutral" rating in a report on Thursday, December 12th. Evercore ISI boosted their price objective on Old Dominion Freight Line from $199.00 to $202.00 and gave the stock an "in-line" rating in a report on Thursday, February 6th. JPMorgan Chase & Co. boosted their price objective on Old Dominion Freight Line from $186.00 to $205.00 and gave the stock a "neutral" rating in a report on Friday, December 6th. Stephens reaffirmed an "overweight" rating and issued a $240.00 target price on shares of Old Dominion Freight Line in a research note on Thursday, February 6th. Finally, Citigroup increased their price objective on Old Dominion Freight Line from $201.00 to $241.00 and gave the company a "neutral" rating in a research note on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $203.33.

Old Dominion Freight Line Trading Up 1.8 %

NASDAQ ODFL traded up $3.58 during trading hours on Friday, reaching $205.36. The company's stock had a trading volume of 1,139,932 shares, compared to its average volume of 1,503,710. The firm has a fifty day simple moving average of $189.63 and a 200-day simple moving average of $197.72. The stock has a market cap of $43.84 billion, a P/E ratio of 37.47, a P/E/G ratio of 5.30 and a beta of 1.05. Old Dominion Freight Line has a 52 week low of $165.49 and a 52 week 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.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.06. Old Dominion Freight Line had a net margin of 20.40% and a return on equity of 28.02%. Equities analysts forecast that Old Dominion Freight Line will post 5.69 earnings per share for the current fiscal year.

Institutional Trading of Old Dominion Freight Line

A number of institutional investors and hedge funds have recently bought and sold shares of ODFL. LPL Financial LLC grew its holdings in Old Dominion Freight Line by 11.9% during the 4th quarter. LPL Financial LLC now owns 127,572 shares of the transportation company's stock valued at $22,504,000 after purchasing an additional 13,606 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Old Dominion Freight Line during the 4th quarter worth approximately $12,030,000. AXQ Capital LP raised its stake in shares of Old Dominion Freight Line by 114.8% during the 4th quarter. AXQ Capital LP now owns 4,268 shares of the transportation company's stock worth $753,000 after acquiring an additional 2,281 shares in the last quarter. Sei Investments Co. increased its stake in Old Dominion Freight Line by 15.3% during the 4th quarter. Sei Investments Co. now owns 58,895 shares of the transportation company's stock valued at $10,389,000 after purchasing an additional 7,837 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Old Dominion Freight Line by 21.5% during the 4th quarter. American Century Companies Inc. now owns 204,391 shares of the transportation company's stock valued at $36,055,000 after purchasing an additional 36,229 shares in the last quarter. 77.82% of the stock is currently owned by institutional investors.

About Old Dominion Freight Line

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.