Capital Insight Partners LLC Raises Stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Capital Insight Partners LLC raised its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 5.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,742 shares of the transportation company’s stock after purchasing an additional 1,412 shares during the period. Capital Insight Partners LLC’s holdings in Old Dominion Freight Line were worth $4,541,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. RPg Family Wealth Advisory LLC purchased a new position in Old Dominion Freight Line in the third quarter valued at $45,000. Synergy Asset Management LLC purchased a new position in shares of Old Dominion Freight Line in the 4th quarter valued at about $41,000. Brown Brothers Harriman & Co. increased its holdings in shares of Old Dominion Freight Line by 398.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 269 shares of the transportation company’s stock valued at $53,000 after acquiring an additional 215 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Old Dominion Freight Line during the 3rd quarter worth about $64,000. Finally, Northwest Investment Counselors LLC purchased a new stake in Old Dominion Freight Line during the third quarter worth approximately $67,000. 77.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Old Dominion Freight Line news, Director Leo H. Suggs sold 3,000 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $225.44, for a total transaction of $676,320.00. Following the transaction, the director now directly owns 7,383 shares in the company, valued at approximately $1,664,423.52. This represents a 28.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 9.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ODFL. The Goldman Sachs Group raised their price objective on shares of Old Dominion Freight Line from $213.00 to $235.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th. Citigroup lifted their price target on shares of Old Dominion Freight Line from $201.00 to $241.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 12th. Wells Fargo & Company decreased their price objective on shares of Old Dominion Freight Line from $195.00 to $185.00 and set an “underweight” rating for the company in a research note on Tuesday, January 7th. Barclays cut their target price on Old Dominion Freight Line from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Finally, Argus cut Old Dominion Freight Line from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Old Dominion Freight Line presently has a consensus rating of “Hold” and an average target price of $202.44.

Old Dominion Freight Line Stock Performance

Shares of ODFL stock opened at $185.61 on Friday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01. The stock has a 50 day simple moving average of $193.53 and a 200-day simple moving average of $197.91. The company has a market cap of $39.63 billion, a price-to-earnings ratio of 32.45, a price-to-earnings-growth ratio of 4.96 and a beta of 1.05. Old Dominion Freight Line, Inc. has a 12-month low of $165.49 and a 12-month high of $233.26.

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.