SG Americas Securities LLC Buys 4,076 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

SG Americas Securities LLC increased its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 5.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,890 shares of the transportation company’s stock after acquiring an additional 4,076 shares during the quarter. SG Americas Securities LLC’s holdings in Old Dominion Freight Line were worth $14,798,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. RPg Family Wealth Advisory LLC acquired a new stake in Old Dominion Freight Line in the 3rd quarter valued at $45,000. Brown Brothers Harriman & Co. boosted its holdings in Old Dominion Freight Line by 398.1% during the 3rd 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 last quarter. Ashton Thomas Securities LLC purchased a new position in Old Dominion Freight Line during the 3rd quarter worth $64,000. Northwest Investment Counselors LLC purchased a new position in Old Dominion Freight Line during the 3rd quarter worth $67,000. Finally, Quarry LP purchased a new position in Old Dominion Freight Line during the 2nd quarter worth $60,000. Institutional investors and hedge funds own 77.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ODFL. Evercore ISI cut their price objective on shares of Old Dominion Freight Line from $199.00 to $188.00 and set an “in-line” rating on the stock in a report on Thursday, October 3rd. BMO Capital Markets cut their price objective on shares of 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. Argus downgraded shares of Old Dominion Freight Line from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Stifel Nicolaus boosted their price target on shares of Old Dominion Freight Line from $176.00 to $193.00 and gave the stock a “hold” rating in a report on Thursday. Finally, TD Cowen cut their price target on shares of Old Dominion Freight Line from $203.00 to $196.00 and set a “hold” rating on the stock in a report on Thursday, October 24th. One 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 MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $202.44.

Old Dominion Freight Line Trading Up 1.5 %

Shares of Old Dominion Freight Line stock opened at $191.54 on Friday. The stock’s 50-day simple moving average is $196.75 and its 200 day simple moving average is $197.81. Old Dominion Freight Line, Inc. has a 52-week low of $165.49 and a 52-week high of $233.26. The stock has a market capitalization of $40.89 billion, a P/E ratio of 33.49, a P/E/G ratio of 5.07 and a beta of 1.05. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.33.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.01. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Old Dominion Freight Line had a net margin of 21.03% and a return on equity of 29.40%. Old Dominion Freight Line’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.54 earnings per share. As a group, research analysts anticipate that Old Dominion Freight Line, Inc. will post 5.42 EPS for the current year.

Insider Buying and Selling

In related news, Director Leo H. Suggs sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $225.44, for a total value of $676,320.00. Following the transaction, the director now directly owns 7,383 shares in the company, valued at approximately $1,664,423.52. This represents a 28.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Greg C. Gantt sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $200.07, for a total transaction of $1,400,490.00. Following the completion of the transaction, the director now owns 97,890 shares in the company, valued at approximately $19,584,852.30. This trade represents a 6.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.90% of the stock is owned by company insiders.

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.