Old Dominion Freight Line Inc. (NASDAQ:ODFL) Vice Chairman David S. Congdon sold 40,000 shares of the company’s stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $85.27, for a total value of $3,410,800.00. Following the completion of the sale, the insider now owns 5,334 shares of the company’s stock, valued at $454,830.18. The transaction was disclosed in a filing with the SEC, which is available through this link.

Old Dominion Freight Line Inc. (NASDAQ:ODFL) traded down 1.05% on Friday, hitting $85.90. 267,153 shares of the company’s stock traded hands. The stock has a 50-day moving average of $73.81 and a 200-day moving average of $67.55. Old Dominion Freight Line Inc. has a one year low of $48.92 and a one year high of $87.23. The stock has a market cap of $7.08 billion, a PE ratio of 23.99 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, beating analysts’ consensus estimates of $0.97 by $0.06. The company earned $782.60 million during the quarter, compared to the consensus estimate of $319.94 million. Old Dominion Freight Line had a net margin of 10.05% and a return on equity of 17.31%. The firm’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.99 earnings per share. On average, equities analysts forecast that Old Dominion Freight Line Inc. will post $3.60 earnings per share for the current fiscal year.

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

Several equities research analysts have recently commented on ODFL shares. Cowen and Company upped their price objective on Old Dominion Freight Line from $63.00 to $73.00 and gave the stock a “market perform” rating in a research note on Thursday, July 28th. Deutsche Bank AG upped their price objective on Old Dominion Freight Line from $67.00 to $71.00 and gave the stock a “hold” rating in a research note on Friday, July 29th. Zacks Investment Research upgraded Old Dominion Freight Line from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 2nd. KeyCorp restated a “buy” rating and issued a $75.00 price objective on shares of Old Dominion Freight Line in a research note on Sunday, October 9th. Finally, Bank of America Corp. lowered Old Dominion Freight Line from a “neutral” rating to an “underperform” rating in a research note on Friday, October 28th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, five have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Old Dominion Freight Line presently has an average rating of “Hold” and a consensus price target of $72.00.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Roosevelt Investment Group Inc. increased its position in Old Dominion Freight Line by 8.5% in the second quarter. Roosevelt Investment Group Inc. now owns 317,321 shares of the company’s stock worth $19,138,000 after buying an additional 24,876 shares in the last quarter. HL Financial Services LLC increased its position in Old Dominion Freight Line by 0.9% in the second quarter. HL Financial Services LLC now owns 42,836 shares of the company’s stock worth $2,583,000 after buying an additional 388 shares in the last quarter. Geode Capital Management LLC increased its position in Old Dominion Freight Line by 3.5% in the first quarter. Geode Capital Management LLC now owns 439,548 shares of the company’s stock worth $30,601,000 after buying an additional 14,845 shares in the last quarter. State of New Jersey Common Pension Fund D increased its position in Old Dominion Freight Line by 100.0% in the second quarter. State of New Jersey Common Pension Fund D now owns 250,000 shares of the company’s stock worth $15,078,000 after buying an additional 125,000 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in Old Dominion Freight Line by 3,516.4% in the second quarter. BNP Paribas Arbitrage SA now owns 27,051 shares of the company’s stock worth $1,631,000 after buying an additional 26,303 shares in the last quarter. 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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