1,159 Shares in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Bought by Triumph Capital Management

Triumph Capital Management acquired a new position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) during the fourth quarter, HoldingsChannel reports. The firm acquired 1,159 shares of the transportation company’s stock, valued at approximately $204,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in ODFL. Norges Bank acquired a new stake in shares of Old Dominion Freight Line during the fourth quarter worth $494,916,000. T. Rowe Price Investment Management Inc. grew its position in Old Dominion Freight Line by 1,575.9% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,447,784 shares of the transportation company’s stock valued at $255,390,000 after purchasing an additional 1,361,397 shares in the last quarter. AustralianSuper Pty Ltd bought a new position in Old Dominion Freight Line in the fourth quarter valued at $128,221,000. Raymond James Financial Inc. bought a new position in Old Dominion Freight Line in the fourth quarter valued at $114,449,000. Finally, Thrivent Financial for Lutherans grew its position in Old Dominion Freight Line by 92.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,195,331 shares of the transportation company’s stock valued at $210,856,000 after purchasing an additional 573,586 shares in the last quarter. 77.82% of the stock is currently owned by institutional investors and hedge funds.

Old Dominion Freight Line Stock Performance

Shares of ODFL stock opened at $171.28 on Friday. The company has a market capitalization of $36.20 billion, a price-to-earnings ratio of 31.26, a PEG ratio of 2.89 and a beta of 1.31. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.33. The company has a 50-day simple moving average of $159.51 and a 200 day simple moving average of $183.58. Old Dominion Freight Line, Inc. has a 52 week low of $144.90 and a 52 week high of $233.26.

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ODFL shares. Stephens reaffirmed an “overweight” rating and issued a $180.00 target price (down previously from $200.00) on shares of Old Dominion Freight Line in a research report on Thursday, April 24th. Susquehanna decreased their target price on shares of 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. Citigroup raised shares of Old Dominion Freight Line from a “neutral” rating to a “buy” rating and decreased their target price for the company from $186.00 to $183.00 in a research report on Tuesday, April 8th. Stifel Nicolaus decreased their target price on shares of Old Dominion Freight Line from $188.00 to $175.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. Finally, UBS Group decreased their price objective on shares of Old Dominion Freight Line from $196.00 to $158.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $182.26.

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.