Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Stake Increased by Caprock Group LLC

Caprock Group LLC increased its holdings in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 5.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 9,424 shares of the transportation company’s stock after purchasing an additional 468 shares during the quarter. Caprock Group LLC’s holdings in Old Dominion Freight Line were worth $1,662,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Hunter Associates Investment Management LLC lifted its position in shares of Old Dominion Freight Line by 2.5% in the fourth quarter. Hunter Associates Investment Management LLC now owns 11,785 shares of the transportation company’s stock worth $2,083,000 after purchasing an additional 286 shares in the last quarter. Synergy Asset Management LLC acquired a new stake in shares of Old Dominion Freight Line during the 4th quarter valued at $41,000. Milestone Asset Management LLC grew its holdings in shares of Old Dominion Freight Line by 50.8% during the 4th quarter. Milestone Asset Management LLC now owns 11,475 shares of the transportation company’s stock valued at $2,024,000 after acquiring an additional 3,866 shares in the last quarter. Ibex Wealth Advisors acquired a new position in shares of Old Dominion Freight Line in the fourth quarter worth $471,000. Finally, Hantz Financial Services Inc. raised its holdings in shares of Old Dominion Freight Line by 3.6% during the fourth quarter. Hantz Financial Services Inc. now owns 1,568 shares of the transportation company’s stock worth $277,000 after acquiring an additional 55 shares in the last quarter. 77.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on ODFL shares. Stifel Nicolaus upped their target price on Old Dominion Freight Line from $176.00 to $193.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group raised their price objective on shares of Old Dominion Freight Line from $213.00 to $235.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. Susquehanna reissued a “neutral” rating and issued a $195.00 target price (down from $218.00) on shares of Old Dominion Freight Line in a research report on Tuesday, January 7th. Robert W. Baird cut 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 report on Thursday, October 24th. Finally, Argus cut shares of Old Dominion Freight Line from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $202.44.

Insider Buying and Selling at Old Dominion Freight Line

In related 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 transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 9.90% of the company’s stock.

Old Dominion Freight Line Price Performance

Shares of ODFL stock opened at $185.61 on Monday. The company has a market capitalization of $39.63 billion, a P/E ratio of 32.45, a P/E/G ratio of 4.96 and a beta of 1.05. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01. Old Dominion Freight Line, Inc. has a 12 month low of $165.49 and a 12 month high of $233.26. The stock has a 50 day moving average of $193.53 and a two-hundred day moving average of $197.90.

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.