RMR Wealth Builders Reduces Stock Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

RMR Wealth Builders lessened its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 5.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,841 shares of the transportation company’s stock after selling 100 shares during the quarter. RMR Wealth Builders’ holdings in Old Dominion Freight Line were worth $325,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Benjamin Edwards Inc. purchased a new stake in shares of Old Dominion Freight Line during the second quarter valued at about $25,000. RPg Family Wealth Advisory LLC purchased a new stake in Old Dominion Freight Line in the third quarter valued at approximately $45,000. Brown Brothers Harriman & Co. increased its stake in shares of Old Dominion Freight Line by 398.1% in the third quarter. Brown Brothers Harriman & Co. now owns 269 shares of the transportation company’s stock worth $53,000 after acquiring an additional 215 shares during the period. Ashton Thomas Securities LLC acquired a new stake in Old Dominion Freight Line during the 3rd quarter worth about $64,000. Finally, Northwest Investment Counselors LLC acquired a new position in shares of Old Dominion Freight Line in the 3rd quarter valued at about $67,000. 77.82% of the stock is currently owned by institutional investors.

Insider Activity

In other Old Dominion Freight Line news, Director Leo H. Suggs sold 3,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now owns 7,383 shares in the company, valued at $1,664,423.52. This trade represents a 28.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Greg C. Gantt sold 7,000 shares of the company’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $200.07, for a total transaction of $1,400,490.00. Following the completion of the sale, the director now directly owns 97,890 shares in the company, valued at $19,584,852.30. This represents a 6.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 9.90% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on ODFL. Citigroup increased their target price on shares of Old Dominion Freight Line from $201.00 to $241.00 and gave the stock a “neutral” rating in a research note 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 on the stock in a research note on Thursday, October 24th. Barclays increased their price target on Old Dominion Freight Line from $190.00 to $220.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. The Goldman Sachs Group lifted their target price on shares of Old Dominion Freight Line from $213.00 to $235.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. Finally, Jefferies Financial Group lifted their target price on Old Dominion Freight Line from $185.00 to $190.00 and gave the company a “hold” rating in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $202.06.

Old Dominion Freight Line Trading Up 1.6 %

ODFL stock opened at $189.92 on Friday. The company has a market cap of $40.55 billion, a price-to-earnings ratio of 33.20, a PEG ratio of 3.40 and a beta of 1.05. Old Dominion Freight Line, Inc. has a 52 week low of $165.49 and a 52 week high of $233.26. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.01. The business has a fifty day simple moving average of $201.08 and a 200-day simple moving average of $197.57.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.42 by $0.01. Old Dominion Freight Line had a net margin of 21.03% and a return on equity of 29.40%. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter last year, the firm posted $1.54 earnings per share. Old Dominion Freight Line’s revenue for the quarter was down 3.0% compared to the same quarter last year. On average, equities research analysts expect that Old Dominion Freight Line, Inc. will post 5.42 EPS for the current year.

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.