FORA Capital LLC Makes New Investment in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

FORA Capital LLC bought a new position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) in the fourth quarter, Holdings Channel.com reports. The firm bought 1,855 shares of the transportation company’s stock, valued at approximately $327,000.

Other hedge funds also recently made changes to their positions in the company. Whipplewood Advisors LLC acquired a new stake in Old Dominion Freight Line in the fourth quarter valued at approximately $35,000. Itau Unibanco Holding S.A. lifted its stake in shares of Old Dominion Freight Line by 518.9% in the 4th quarter. Itau Unibanco Holding S.A. now owns 229 shares of the transportation company’s stock valued at $40,000 after acquiring an additional 192 shares during the last quarter. Synergy Asset Management LLC bought a new stake in Old Dominion Freight Line during the 4th quarter worth $41,000. Murphy & Mullick Capital Management Corp acquired a new position in Old Dominion Freight Line in the 4th quarter worth about $51,000. Finally, CoreCap Advisors LLC increased its stake in shares of Old Dominion Freight Line by 98.2% in the fourth quarter. CoreCap Advisors LLC now owns 339 shares of the transportation company’s stock valued at $60,000 after buying an additional 168 shares during the period. 77.82% of the stock is currently owned by institutional investors and hedge funds.

Old Dominion Freight Line Stock Down 1.1 %

Shares of NASDAQ ODFL opened at $158.28 on Friday. 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 firm has a market cap of $33.58 billion, a PE ratio of 28.88, a P/E/G ratio of 2.89 and a beta of 1.31. The company’s fifty day simple moving average is $159.88 and its 200 day simple moving average is $184.52. Old Dominion Freight Line, Inc. has a 12-month low of $144.90 and a 12-month high of $233.26.

Old Dominion Freight Line (NASDAQ:ODFL) last released its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.05. Old Dominion Freight Line had a net margin of 20.40% and a return on equity of 28.02%. The company had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the prior year, the firm earned $1.34 EPS. The business’s revenue was down 5.8% on a year-over-year basis. As a group, sell-side analysts forecast that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ODFL has been the topic of several recent research reports. Raymond James set a $185.00 target price on shares of Old Dominion Freight Line and gave the stock an “outperform” rating in a research report on Thursday, April 24th. JPMorgan Chase & Co. cut their price target on shares of Old Dominion Freight Line from $174.00 to $158.00 and set a “neutral” rating on the stock in a report on Thursday, April 24th. Wells Fargo & Company set a $150.00 price objective on shares of Old Dominion Freight Line and gave the stock an “underweight” rating in a research note on Thursday, April 24th. Susquehanna lowered their target price on Old Dominion Freight Line from $171.00 to $168.00 and set a “neutral” rating for the company in a research report on Thursday, April 24th. Finally, Bank of America reduced their price target on Old Dominion Freight Line from $237.00 to $204.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Old Dominion Freight Line currently has an average rating of “Hold” and an average price target of $183.37.

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.