Old Dominion Freight Line Inc. (NASDAQ:ODFL) Director Leo H. Suggs sold 3,800 shares of the firm’s stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $81.35, for a total transaction of $309,130.00. Following the transaction, the director now owns 4,494 shares in the company, valued at approximately $365,586.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Old Dominion Freight Line Inc. (NASDAQ:ODFL) opened at 84.66 on Tuesday. The stock’s 50 day moving average is $72.25 and its 200 day moving average is $67.14. Old Dominion Freight Line Inc. has a 12-month low of $48.92 and a 12-month high of $85.25. The company has a market cap of $6.98 billion, a P/E ratio of 23.65 and a beta of 0.95.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its earnings results on Thursday, October 27th. The company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.06. The company earned $782.60 million during the quarter, compared to analysts’ expectations of $319.94 million. Old Dominion Freight Line had a net margin of 10.05% and a return on equity of 17.31%. Old Dominion Freight Line’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter last year, the company posted $0.99 EPS. On average, equities analysts forecast that Old Dominion Freight Line Inc. will post $3.60 earnings per share for the current year.

Insider Buying and Selling by Quarter for Old Dominion Freight Line (NASDAQ:ODFL)

Several research analysts have issued reports on ODFL shares. Cowen and Company lifted their price target on shares of Old Dominion Freight Line from $63.00 to $73.00 and gave the stock a “market perform” rating in a research report on Thursday, July 28th. Zacks Investment Research lowered shares of Old Dominion Freight Line from a “buy” rating to a “hold” rating in a research report on Friday. Bank of America Corp. lowered shares of Old Dominion Freight Line from a “neutral” rating to an “underperform” rating in a research report on Friday, October 28th. They noted that the move was a valuation call. KeyCorp restated a “buy” rating and issued a $75.00 price target on shares of Old Dominion Freight Line in a research report on Sunday, October 9th. Finally, Deutsche Bank AG lifted their price target on shares of Old Dominion Freight Line from $67.00 to $71.00 and gave the stock a “hold” rating in a research report on Friday, July 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $72.00.

Several hedge funds have recently bought and sold shares of the company. Capital Research Global Investors boosted its stake in Old Dominion Freight Line by 0.5% in the second quarter. Capital Research Global Investors now owns 6,627,259 shares of the company’s stock worth $399,690,000 after buying an additional 34,505 shares in the last quarter. BlackRock Fund Advisors increased its position in shares of Old Dominion Freight Line by 5.6% in the third quarter. BlackRock Fund Advisors now owns 2,526,557 shares of the company’s stock worth $173,347,000 after buying an additional 134,266 shares during the period. JPMorgan Chase & Co. increased its position in shares of Old Dominion Freight Line by 5.6% in the second quarter. JPMorgan Chase & Co. now owns 2,334,603 shares of the company’s stock worth $140,798,000 after buying an additional 124,270 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in shares of Old Dominion Freight Line by 2.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,018,131 shares of the company’s stock worth $121,713,000 after buying an additional 46,535 shares during the period. Finally, Victory Capital Management Inc. increased its position in shares of Old Dominion Freight Line by 11.4% in the third quarter. Victory Capital Management Inc. now owns 1,889,882 shares of the company’s stock worth $129,665,000 after buying an additional 194,075 shares during the period. Institutional investors own 76.61% of the company’s stock.

About Old Dominion Freight Line

Old Dominion Freight Line, Inc is a less-than-truckload (LTL), union-free motor carrier company. The Company provides regional, inter-regional and national LTL services, which include ground and air expedited transportation, and consumer household pickup and delivery. The Company offers a range of other services that include container drayage, truckload brokerage, supply chain consulting and warehousing.

5 Day Chart for NASDAQ:ODFL

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