Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Shares Purchased by Toronto Dominion Bank

Toronto Dominion Bank boosted its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 9.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 107,584 shares of the transportation company’s stock after acquiring an additional 9,523 shares during the period. Toronto Dominion Bank owned about 0.05% of Old Dominion Freight Line worth $18,978,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Hantz Financial Services Inc. lifted its holdings 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 valued at $277,000 after purchasing an additional 55 shares during the last quarter. D.A. Davidson & CO. increased its position in Old Dominion Freight Line by 1.9% during the fourth 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 during the period. Evergreen Private Wealth LLC lifted its stake in Old Dominion Freight Line by 0.9% in the fourth quarter. Evergreen Private Wealth LLC now owns 6,651 shares of the transportation company’s stock valued at $1,173,000 after buying an additional 59 shares during the last quarter. Lido Advisors LLC lifted its stake in Old Dominion Freight Line by 3.2% in the fourth quarter. Lido Advisors LLC now owns 1,929 shares of the transportation company’s stock valued at $340,000 after buying an additional 59 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC boosted its holdings in shares of Old Dominion Freight Line by 5.5% in the fourth 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. Institutional investors and hedge funds own 77.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ODFL. JPMorgan Chase & Co. cut their target price on shares of Old Dominion Freight Line from $174.00 to $158.00 and set a “neutral” rating on the stock in a report on Thursday, April 24th. Raymond James set a $185.00 price objective on shares of Old Dominion Freight Line and gave the company an “outperform” rating in a research note on Thursday, April 24th. Susquehanna decreased their target price on shares of Old Dominion Freight Line from $171.00 to $168.00 and set a “neutral” rating for the company in a research note on Thursday, April 24th. Evercore ISI lowered 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 report on Thursday, April 24th. Finally, UBS Group reduced their price objective on Old Dominion Freight Line from $196.00 to $158.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Two 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 stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $182.26.

Old Dominion Freight Line Price Performance

Shares of NASDAQ ODFL opened at $171.61 on Tuesday. 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, Inc. has a one year low of $144.90 and a one year high of $233.26. The firm has a market capitalization of $36.27 billion, a P/E ratio of 31.32, a PEG ratio of 2.89 and a beta of 1.31. The company’s fifty day moving average is $159.65 and its two-hundred day moving average is $183.25.

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

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.