Cetera Investment Advisers Increases Stock Holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Cetera Investment Advisers boosted its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 1.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,372 shares of the transportation company’s stock after acquiring an additional 302 shares during the quarter. Cetera Investment Advisers’ holdings in Old Dominion Freight Line were worth $4,476,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Hantz Financial Services Inc. boosted its holdings in Old Dominion Freight Line by 3.6% during the 4th quarter. Hantz Financial Services Inc. now owns 1,568 shares of the transportation company’s stock valued at $277,000 after acquiring an additional 55 shares during the period. D.A. Davidson & CO. boosted its holdings in Old Dominion Freight Line by 1.9% during the 4th quarter. D.A. Davidson & CO. now owns 2,888 shares of the transportation company’s stock valued at $509,000 after acquiring an additional 55 shares during the period. Evergreen Private Wealth LLC boosted its holdings in Old Dominion Freight Line by 0.9% during the 4th quarter. Evergreen Private Wealth LLC now owns 6,651 shares of the transportation company’s stock valued at $1,173,000 after acquiring an additional 59 shares during the period. Lido Advisors LLC boosted its holdings in Old Dominion Freight Line by 3.2% during the 4th quarter. Lido Advisors LLC now owns 1,929 shares of the transportation company’s stock valued at $340,000 after acquiring an additional 59 shares during the period. Finally, Dorsey & Whitney Trust CO LLC boosted its holdings in Old Dominion Freight Line by 5.5% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,169 shares of the transportation company’s stock valued at $206,000 after acquiring an additional 61 shares during the period. 77.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Wells Fargo & Company set a $150.00 price target on Old Dominion Freight Line and gave the company an “underweight” rating in a research report on Thursday, April 24th. Stifel Nicolaus reduced their price target on Old Dominion Freight Line from $188.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Citigroup raised Old Dominion Freight Line from a “neutral” rating to a “buy” rating and reduced their price target for the company from $186.00 to $183.00 in a research report on Tuesday, April 8th. Susquehanna reduced their price target on Old Dominion Freight Line from $171.00 to $168.00 and set a “neutral” rating on the stock in a research report on Thursday, April 24th. Finally, Evercore ISI reduced their price target on Old Dominion Freight Line from $164.00 to $156.00 and set an “in-line” rating on the stock in a research report on Thursday, April 24th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Old Dominion Freight Line currently has a consensus rating of “Hold” and a consensus target price of $183.37.

Old Dominion Freight Line Trading Up 0.2%

ODFL opened at $171.65 on Thursday. The firm has a market cap of $36.27 billion, a price-to-earnings ratio of 31.32, a price-to-earnings-growth ratio of 2.89 and a beta of 1.31. Old Dominion Freight Line, Inc. has a 52 week low of $144.90 and a 52 week high of $233.26. The business’s 50 day moving average is $159.58 and its two-hundred day moving average is $184.14. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.01.

Old Dominion Freight Line (NASDAQ:ODFL) last released its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.14 by $0.05. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.38 billion. Old Dominion Freight Line had a return on equity of 28.02% and a net margin of 20.40%. The firm’s revenue was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.34 earnings per share. On average, research analysts predict that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current year.

Old Dominion Freight Line 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.