Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Shares Acquired by CoreCap Advisors LLC

CoreCap Advisors LLC grew its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 98.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 339 shares of the transportation company’s stock after purchasing an additional 168 shares during the period. CoreCap Advisors LLC’s holdings in Old Dominion Freight Line were worth $60,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of ODFL. Whipplewood Advisors LLC purchased a new stake in shares of Old Dominion Freight Line during the 4th quarter valued at about $35,000. Itau Unibanco Holding S.A. raised its holdings 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 valued at $40,000 after buying an additional 192 shares during the period. Synergy Asset Management LLC purchased a new stake in Old Dominion Freight Line during the 4th quarter worth approximately $41,000. Murphy & Mullick Capital Management Corp purchased a new stake in Old Dominion Freight Line during the 4th quarter worth approximately $51,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Old Dominion Freight Line during the 4th quarter worth approximately $69,000. 77.82% of the stock is currently owned by hedge funds and other institutional investors.

Old Dominion Freight Line Trading Up 0.2%

NASDAQ:ODFL opened at $171.65 on Thursday. Old Dominion Freight Line, Inc. has a 12-month low of $144.90 and a 12-month high of $233.26. The firm has a market capitalization of $36.27 billion, a P/E ratio of 31.32, a P/E/G 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. The business has a 50 day simple moving average of $159.58 and a 200 day simple moving average of $184.14.

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, 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 business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the firm posted $1.34 EPS. The business’s revenue for the quarter was down 5.8% compared to the same quarter last year. Equities research analysts predict that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on ODFL shares. Stifel Nicolaus dropped their price objective on Old Dominion Freight Line from $188.00 to $175.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. StockNews.com downgraded Old Dominion Freight Line from a “hold” rating to a “sell” rating in a report on Saturday, March 29th. JPMorgan Chase & Co. dropped their price objective on 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. Evercore ISI dropped their price objective on Old Dominion Freight Line from $164.00 to $156.00 and set an “in-line” rating on the stock in a report on Thursday, April 24th. Finally, Jefferies Financial Group dropped their price objective on Old Dominion Freight Line from $195.00 to $165.00 and set a “hold” rating on the stock in a report on Wednesday, April 9th. 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 stock. According to MarketBeat, the company has an average 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.