Mufg Securities Americas Inc. Takes $489,000 Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Mufg Securities Americas Inc. purchased a new position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,774 shares of the transportation company’s stock, valued at approximately $489,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Whipplewood Advisors LLC purchased a new stake in shares of Old Dominion Freight Line during the fourth quarter worth $35,000. Itau Unibanco Holding S.A. grew its position in 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 last quarter. Synergy Asset Management LLC acquired a new stake in Old Dominion Freight Line during the 4th quarter worth approximately $41,000. Murphy & Mullick Capital Management Corp purchased a new position in Old Dominion Freight Line in the 4th quarter valued at $51,000. Finally, CoreCap Advisors LLC increased its stake in shares of Old Dominion Freight Line by 98.2% during the fourth quarter. CoreCap Advisors LLC now owns 339 shares of the transportation company’s stock worth $60,000 after acquiring 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 Trading Down 1.0%

ODFL stock opened at $169.93 on Friday. The stock has a market cap of $35.91 billion, a price-to-earnings ratio of 31.01, a price-to-earnings-growth ratio of 2.89 and a beta of 1.31. 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, Inc. has a one year low of $144.90 and a one year high of $233.26. The company has a fifty day moving average price of $159.42 and a two-hundred day moving average price of $183.93.

Old Dominion Freight Line (NASDAQ:ODFL) last released its earnings results on Wednesday, April 23rd. The transportation company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.05. Old Dominion Freight Line had a return on equity of 28.02% and a net margin of 20.40%. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the company posted $1.34 EPS. The company’s revenue was down 5.8% compared to the same quarter last year. Equities analysts anticipate that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ODFL shares. StockNews.com lowered Old Dominion Freight Line from a “hold” rating to a “sell” rating in a research note on Saturday, March 29th. Deutsche Bank Aktiengesellschaft initiated coverage on Old Dominion Freight Line in a research note on Friday, March 7th. They issued a “buy” rating and a $236.00 price target on the stock. Truist Financial dropped their price objective on Old Dominion Freight Line from $220.00 to $175.00 and set a “buy” rating for the company in a report on Thursday, April 24th. Bank of America cut their target price on shares of Old Dominion Freight Line from $237.00 to $204.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Finally, Evercore ISI reduced their target price on shares of Old Dominion Freight Line from $164.00 to $156.00 and set an “in-line” rating on the stock in a research report on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $183.37.

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.