Captrust Financial Advisors Boosts Stock Holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Captrust Financial Advisors grew its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 8.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,143 shares of the transportation company’s stock after acquiring an additional 641 shares during the quarter. Captrust Financial Advisors’ holdings in Old Dominion Freight Line were worth $1,436,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of ODFL. Whipplewood Advisors LLC purchased a new position in Old Dominion Freight Line during the 4th quarter worth $35,000. Itau Unibanco Holding S.A. raised its stake in shares of Old Dominion Freight Line by 518.9% during the 4th quarter. Itau Unibanco Holding S.A. now owns 229 shares of the transportation company’s stock worth $40,000 after purchasing an additional 192 shares during the period. Synergy Asset Management LLC bought a new stake in shares of Old Dominion Freight Line during the 4th quarter worth $41,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of Old Dominion Freight Line during the 4th quarter worth $51,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of Old Dominion Freight Line during the 4th quarter worth $69,000. 77.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on ODFL. Stifel Nicolaus lowered their target price on Old Dominion Freight Line from $188.00 to $175.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Jefferies Financial Group lowered their target price on Old Dominion Freight Line from $195.00 to $165.00 and set a “hold” rating on the stock in a research note on Wednesday, April 9th. Raymond James set a $185.00 target price on Old Dominion Freight Line and gave the stock an “outperform” rating in a research note on Thursday, April 24th. JPMorgan Chase & Co. lowered their target price on Old Dominion Freight Line from $174.00 to $158.00 and set a “neutral” rating on the stock in a research note on Thursday, April 24th. Finally, Truist Financial lowered their target price on Old Dominion Freight Line from $220.00 to $175.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $183.37.

Old Dominion Freight Line Trading Down 2.7%

Shares of Old Dominion Freight Line stock opened at $171.34 on Wednesday. Old Dominion Freight Line, Inc. has a 12-month low of $144.90 and a 12-month high of $233.26. The company has a market cap of $36.21 billion, a price-to-earnings ratio of 31.27, a PEG ratio of 2.89 and a beta of 1.31. 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 company’s 50-day moving average price is $159.74 and its 200-day moving average price is $184.23.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its quarterly earnings results 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 firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the firm posted $1.34 earnings per share. The company’s revenue for the quarter was down 5.8% on a year-over-year basis. On average, equities analysts expect that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current fiscal year.

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.