Old Dominion Freight Line's (ODFL) "Neutral" Rating Reiterated at Susquehanna

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report)'s stock had its "neutral" rating reaffirmed by equities research analysts at Susquehanna in a research report issued on Tuesday, Marketbeat.com reports. They currently have a $195.00 price objective on the transportation company's stock, down from their prior price objective of $218.00. Susquehanna's price objective indicates a potential upside of 7.95% from the company's current price.

A number of other equities research analysts have also commented on ODFL. BMO Capital Markets reduced their price objective on shares of 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. The Goldman Sachs Group increased their price target on Old Dominion Freight Line from $213.00 to $235.00 and gave the stock a "neutral" rating in a report on Thursday, December 12th. Wells Fargo & Company dropped their price objective on Old Dominion Freight Line from $170.00 to $160.00 and set an "underweight" rating on the stock in a research note on Thursday, October 24th. 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. Finally, Barclays lifted their target price on Old Dominion Freight Line from $190.00 to $220.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Old Dominion Freight Line currently has a consensus rating of "Hold" and a consensus price target of $204.12.

Old Dominion Freight Line Trading Down 1.1 %

NASDAQ ODFL traded down $2.03 on Tuesday, reaching $180.64. The company had a trading volume of 1,498,540 shares, compared to its average volume of 1,160,559. The firm has a market cap of $38.57 billion, a price-to-earnings ratio of 31.58, a P/E/G ratio of 4.21 and a beta of 1.05. 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 has a fifty-two week low of $165.49 and a fifty-two week high of $233.26. The business has a 50 day moving average of $204.29 and a two-hundred day moving average of $197.49.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.01. The company had revenue of $1.47 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.54 earnings per share. Analysts forecast that Old Dominion Freight Line will post 5.42 EPS for the current year.

Insider Activity at Old Dominion Freight Line

In other Old Dominion Freight Line news, Director Greg C. Gantt sold 7,000 shares of Old Dominion Freight Line stock in a transaction on Monday, October 28th. The shares were sold at an average price of $200.07, for a total transaction of $1,400,490.00. Following the transaction, the director now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Leo H. Suggs sold 3,000 shares of the company's 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 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 disclosure for this sale can be found here. 9.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Old Dominion Freight Line

Several hedge funds have recently modified their holdings of ODFL. Benjamin Edwards Inc. bought a new position in Old Dominion Freight Line during the second quarter valued at about $25,000. Cullen Frost Bankers Inc. grew its position in shares of Old Dominion Freight Line by 472.5% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 229 shares of the transportation company's stock valued at $40,000 after acquiring an additional 189 shares during the period. RPg Family Wealth Advisory LLC purchased a new stake in shares of Old Dominion Freight Line during the 3rd quarter worth approximately $45,000. Brown Brothers Harriman & Co. raised its holdings 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 worth $53,000 after purchasing an additional 215 shares during the period. Finally, Quarry LP purchased a new position in Old Dominion Freight Line in the second quarter valued at approximately $60,000. Institutional investors own 77.82% of the company's stock.

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.