One Wealth Advisors LLC Sells 681 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

One Wealth Advisors LLC lowered its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 23.2% in the fourth quarter, HoldingsChannel reports. The fund owned 2,252 shares of the transportation company’s stock after selling 681 shares during the period. One Wealth Advisors LLC’s holdings in Old Dominion Freight Line were worth $397,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in ODFL. Valley National Advisers Inc. boosted its stake in Old Dominion Freight Line by 1.3% in the fourth quarter. Valley National Advisers Inc. now owns 9,550 shares of the transportation company’s stock valued at $1,684,000 after acquiring an additional 127 shares during the last quarter. U.S. Capital Wealth Advisors LLC bought a new position in shares of Old Dominion Freight Line in the 4th quarter worth $291,000. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Old Dominion Freight Line by 524.1% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 34,387 shares of the transportation company’s stock worth $6,066,000 after purchasing an additional 28,877 shares during the period. Capital Insight Partners LLC increased its holdings in Old Dominion Freight Line by 5.8% in the fourth quarter. Capital Insight Partners LLC now owns 25,742 shares of the transportation company’s stock valued at $4,541,000 after purchasing an additional 1,412 shares during the last quarter. Finally, China Universal Asset Management Co. Ltd. lifted its stake in Old Dominion Freight Line by 27.8% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 3,474 shares of the transportation company’s stock valued at $613,000 after buying an additional 756 shares during the period. Institutional investors and hedge funds own 77.82% of the company’s stock.

Insider Transactions at Old Dominion Freight Line

In related news, Director Leo H. Suggs sold 3,000 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $225.44, for a total transaction of $676,320.00. Following the sale, the director now owns 7,383 shares in the company, valued at $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 available at this hyperlink. Company insiders own 9.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on ODFL shares. Wells Fargo & Company cut their price target on shares of Old Dominion Freight Line from $195.00 to $185.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 7th. Argus cut shares of Old Dominion Freight Line from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Robert W. Baird decreased their price target on shares of Old Dominion Freight Line from $204.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. BMO Capital Markets reduced their target price 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. Finally, TD Cowen lowered their price target on Old Dominion Freight Line from $203.00 to $196.00 and set a “hold” rating for the company in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $202.44.

Old Dominion Freight Line Price Performance

ODFL stock opened at $185.61 on Monday. Old Dominion Freight Line, Inc. has a 1 year low of $165.49 and a 1 year high of $233.26. 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 stock has a market cap of $39.63 billion, a price-to-earnings ratio of 32.45, a P/E/G ratio of 4.95 and a beta of 1.05. The company has a 50 day simple moving average of $193.53 and a 200 day simple moving average of $197.90.

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.