Pacer Advisors Inc. Grows Stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Pacer Advisors Inc. raised its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 7.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,620 shares of the transportation company’s stock after purchasing an additional 1,815 shares during the period. Pacer Advisors Inc.’s holdings in Old Dominion Freight Line were worth $4,696,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. SevenBridge Financial Group LLC raised its holdings in shares of Old Dominion Freight Line by 2.0% in the third quarter. SevenBridge Financial Group LLC now owns 2,611 shares of the transportation company’s stock valued at $519,000 after acquiring an additional 50 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in Old Dominion Freight Line by 0.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 10,888 shares of the transportation company’s stock worth $2,163,000 after acquiring an additional 55 shares in the last quarter. Hantz Financial Services Inc. increased its position in Old Dominion Freight Line by 3.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,513 shares of the transportation company’s stock valued at $301,000 after purchasing an additional 56 shares during the period. Brighton Jones LLC raised its holdings in shares of Old Dominion Freight Line by 5.0% in the 3rd quarter. Brighton Jones LLC now owns 1,480 shares of the transportation company’s stock valued at $294,000 after purchasing an additional 71 shares in the last quarter. Finally, CVA Family Office LLC lifted its position in shares of Old Dominion Freight Line by 23.5% in the 3rd quarter. CVA Family Office LLC now owns 394 shares of the transportation company’s stock worth $78,000 after purchasing an additional 75 shares during the period. 77.82% of the stock is currently owned by hedge funds and other institutional investors.

Old Dominion Freight Line Stock Up 0.5 %

Old Dominion Freight Line stock opened at $186.78 on Friday. The business’s 50-day simple moving average is $194.22 and its two-hundred day simple moving average is $198.02. 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 market cap of $39.88 billion, a PE ratio of 32.65, a PEG ratio of 5.03 and a beta of 1.05. Old Dominion Freight Line, Inc. has a fifty-two week low of $165.49 and a fifty-two week high of $233.26.

Insider Activity at Old Dominion Freight Line

In other Old Dominion Freight Line news, Director Leo H. Suggs sold 3,000 shares of Old Dominion Freight Line stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $225.44, for a total transaction of $676,320.00. Following the completion of the sale, the director now directly owns 7,383 shares in the company, valued at approximately $1,664,423.52. The trade was a 28.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 9.90% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on ODFL shares. Susquehanna reissued a “neutral” rating and set a $195.00 price objective (down from $218.00) on shares of Old Dominion Freight Line in a report on Tuesday, January 7th. BMO Capital Markets cut their price target on Old Dominion Freight Line from $210.00 to $205.00 and set a “market perform” rating on the stock in a report on Thursday, October 24th. JPMorgan Chase & Co. upped their price objective on Old Dominion Freight Line from $186.00 to $205.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Citigroup raised their price objective on Old Dominion Freight Line from $201.00 to $241.00 and gave the company a “neutral” rating in a research report on Tuesday, November 12th. Finally, Stephens reiterated an “overweight” rating and issued a $240.00 target price on shares of Old Dominion Freight Line in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Old Dominion Freight Line currently has a consensus rating of “Hold” and a consensus price target of $202.44.

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.