ST Germain D J Co. Inc. Invests $255,000 in Old Dominion Freight Line (NASDAQ:ODFL)

ST Germain D J Co. Inc. bought a new position in shares of Old Dominion Freight Line (NASDAQ:ODFL) during the third quarter, HoldingsChannel reports. The institutional investor bought 1,500 shares of the transportation company’s stock, valued at approximately $255,000.

Several other large investors also recently modified their holdings of ODFL. M&T Bank Corp lifted its holdings in shares of Old Dominion Freight Line by 4.4% in the 2nd quarter. M&T Bank Corp now owns 13,353 shares of the transportation company’s stock worth $1,993,000 after acquiring an additional 561 shares during the last quarter. GHP Investment Advisors Inc. increased its stake in shares of Old Dominion Freight Line by 0.5% in the second quarter. GHP Investment Advisors Inc. now owns 18,281 shares of the transportation company’s stock valued at $2,729,000 after buying an additional 90 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Old Dominion Freight Line by 0.5% in the second quarter. Vanguard Group Inc. now owns 6,543,803 shares of the transportation company’s stock valued at $976,728,000 after buying an additional 30,143 shares in the last quarter. Financial Engines Advisors L.L.C. increased its stake in shares of Old Dominion Freight Line by 10.5% in the second quarter. Financial Engines Advisors L.L.C. now owns 71,498 shares of the transportation company’s stock valued at $10,672,000 after buying an additional 6,823 shares in the last quarter. Finally, Pictet Asset Management Ltd. increased its stake in shares of Old Dominion Freight Line by 4.1% in the second quarter. Pictet Asset Management Ltd. now owns 22,600 shares of the transportation company’s stock valued at $3,373,000 after buying an additional 900 shares in the last quarter. 71.58% of the stock is currently owned by institutional investors and hedge funds.

In other news, SVP Gregory B. Plemmons sold 1,249 shares of Old Dominion Freight Line stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $163.39, for a total transaction of $204,074.11. Following the transaction, the senior vice president now owns 5,714 shares in the company, valued at approximately $933,610.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David S. Congdon sold 30,150 shares of Old Dominion Freight Line stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $165.51, for a total value of $4,990,126.50. Following the transaction, the insider now owns 13,385 shares in the company, valued at approximately $2,215,351.35. The disclosure for this sale can be found here. Insiders have sold a total of 87,799 shares of company stock worth $14,586,493 in the last quarter. 11.90% of the stock is currently owned by company insiders.

ODFL traded up $1.65 during midday trading on Friday, reaching $178.70. 263,865 shares of the company were exchanged, compared to its average volume of 445,849. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.92 and a current ratio of 1.92. Old Dominion Freight Line has a one year low of $115.00 and a one year high of $178.20. The stock has a market capitalization of $14.29 billion, a P/E ratio of 24.21, a PEG ratio of 2.55 and a beta of 1.52. The stock’s 50-day simple moving average is $168.20 and its 200 day simple moving average is $155.39.

Old Dominion Freight Line (NASDAQ:ODFL) last released its quarterly earnings data on Thursday, July 25th. The transportation company reported $2.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.11 by $0.05. Old Dominion Freight Line had a return on equity of 23.57% and a net margin of 15.48%. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the previous year, the business posted $1.99 EPS. Old Dominion Freight Line’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, research analysts anticipate that Old Dominion Freight Line will post 7.89 earnings per share for the current year.

A number of analysts have recently weighed in on ODFL shares. Credit Suisse Group raised their target price on Old Dominion Freight Line from $152.00 to $160.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. KeyCorp lifted their price objective on Old Dominion Freight Line from $165.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Morgan Stanley set a $146.00 price objective on Old Dominion Freight Line and gave the stock a “hold” rating in a research report on Friday, August 9th. Bank of America lowered Old Dominion Freight Line from a “neutral” rating to an “underperform” rating and set a $166.00 price objective for the company. in a research report on Friday, September 27th. Finally, Mizuho restated a “hold” rating and set a $151.00 target price on shares of Old Dominion Freight Line in a report on Tuesday, July 2nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $153.42.

Old Dominion Freight Line Company Profile

Old Dominion Freight Line, Inc operates as a less-than-truckload (LTL) motor carrier in the United States and North America. It provides regional, inter-regional, and national LTL services, including expedited transportation. The company also offers various value-added services, such as container drayage, truckload brokerage, and supply chain consulting.

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Institutional Ownership by Quarter for Old Dominion Freight Line (NASDAQ:ODFL)

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