Reliant Investment Management LLC Has $3.85 Million Stock Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Reliant Investment Management LLC boosted its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 10.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,850 shares of the transportation company's stock after purchasing an additional 2,060 shares during the period. Reliant Investment Management LLC's holdings in Old Dominion Freight Line were worth $3,854,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in ODFL. SevenBridge Financial Group LLC raised its position in Old Dominion Freight Line by 2.0% during the third quarter. SevenBridge Financial Group LLC now owns 2,611 shares of the transportation company's stock valued at $519,000 after purchasing an additional 50 shares during the period. Advisors Asset Management Inc. grew its holdings in 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 valued at $2,163,000 after purchasing an additional 55 shares during the last quarter. Hantz Financial Services Inc. raised its position in Old Dominion Freight Line by 3.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,513 shares of the transportation company's stock worth $301,000 after purchasing an additional 56 shares during the period. Brighton Jones LLC boosted its holdings in Old Dominion Freight Line by 5.0% during 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 Old Dominion Freight Line by 23.5% in the 3rd quarter. CVA Family Office LLC now owns 394 shares of the transportation company's stock worth $78,000 after buying an additional 75 shares during the period. 77.82% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Old Dominion Freight Line

In other Old Dominion Freight Line news, Director Leo H. Suggs sold 3,000 shares of the company's stock in a transaction that occurred 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. This represents a 28.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Greg C. Gantt sold 7,000 shares of the company's 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 completion of the sale, the director now owns 97,890 shares of the company's stock, valued at approximately $19,584,852.30. This represents a 6.67 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 9.90% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on ODFL shares. Stephens reaffirmed 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. Argus cut Old Dominion Freight Line from a "buy" rating to a "hold" rating in a research report on Tuesday, November 12th. Stifel Nicolaus reduced their target price on Old Dominion Freight Line from $178.00 to $176.00 and set a "hold" rating for the company in a research note on Wednesday, January 15th. Citigroup lifted their price target on shares of 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. Finally, The Goldman Sachs Group boosted their target price on shares of Old Dominion Freight Line from $213.00 to $235.00 and gave the stock a "neutral" rating in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $201.50.

Old Dominion Freight Line Stock Performance

Shares of NASDAQ:ODFL traded up $0.88 during trading on Tuesday, reaching $190.43. The stock had a trading volume of 1,440,029 shares, compared to its average volume of 1,280,368. The firm has a market capitalization of $40.66 billion, a price-to-earnings ratio of 33.29, a P/E/G ratio of 5.05 and a beta of 1.05. Old Dominion Freight Line, Inc. has a 52 week low of $165.49 and a 52 week high of $233.26. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.01. The stock has a fifty day simple moving average of $198.84 and a two-hundred day simple moving average of $197.87.

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 analysts' consensus estimates of $1.42 by $0.01. Old Dominion Freight Line had a net margin of 21.03% and a return on equity of 29.40%. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the prior year, the firm earned $1.54 EPS. The business's revenue was down 3.0% on a year-over-year basis. As a group, analysts anticipate that Old Dominion Freight Line, Inc. will post 5.42 earnings per share for the current fiscal year.

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.