Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Shares Bought by CoreCap Advisors LLC

CoreCap Advisors LLC grew its holdings in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 98.2% in the fourth quarter, HoldingsChannel reports. The fund owned 339 shares of the transportation company’s stock after buying an additional 168 shares during the period. CoreCap Advisors LLC’s holdings in Old Dominion Freight Line were worth $60,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. raised its stake in shares of Old Dominion Freight Line by 3.6% in the 4th quarter. Hantz Financial Services Inc. now owns 1,568 shares of the transportation company’s stock worth $277,000 after buying an additional 55 shares in the last quarter. D.A. Davidson & CO. raised its stake in shares of Old Dominion Freight Line by 1.9% in the 4th quarter. D.A. Davidson & CO. now owns 2,888 shares of the transportation company’s stock worth $509,000 after buying an additional 55 shares in the last quarter. Evergreen Private Wealth LLC raised its stake in shares of Old Dominion Freight Line by 0.9% in the 4th quarter. Evergreen Private Wealth LLC now owns 6,651 shares of the transportation company’s stock worth $1,173,000 after buying an additional 59 shares in the last quarter. Lido Advisors LLC raised its stake in shares of Old Dominion Freight Line by 3.2% in the 4th quarter. Lido Advisors LLC now owns 1,929 shares of the transportation company’s stock worth $340,000 after buying an additional 59 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC raised its stake in shares of Old Dominion Freight Line by 5.5% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,169 shares of the transportation company’s stock worth $206,000 after buying an additional 61 shares in the last quarter. Institutional investors and hedge funds own 77.82% of the company’s stock.

Old Dominion Freight Line Stock Up 0.2%

ODFL opened at $171.65 on Thursday. Old Dominion Freight Line, Inc. has a fifty-two week low of $144.90 and a fifty-two week high of $233.26. The business has a 50-day moving average of $159.58 and a 200-day moving average of $184.14. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.33 and a quick ratio of 1.33. The company has a market capitalization of $36.27 billion, a PE ratio of 31.32, a price-to-earnings-growth ratio of 2.89 and a beta of 1.31.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ODFL. StockNews.com downgraded Old Dominion Freight Line from a “hold” rating to a “sell” rating in a research note on Saturday, March 29th. Morgan Stanley set a $185.00 target price on Old Dominion Freight Line in a research report on Wednesday, April 2nd. Susquehanna cut their target price 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. Truist Financial cut their target price on Old Dominion Freight Line from $220.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Old Dominion Freight Line in a research report on Friday, March 7th. They set a “buy” rating and a $236.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $183.37.

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.