Gillespie Robinson & Grimm Inc. decreased its stake in Old Dominion Freight Line Inc. (NASDAQ:ODFL) by 8.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 301,840 shares of the company’s stock after selling 28,770 shares during the period. Old Dominion Freight Line makes up about 3.3% of Gillespie Robinson & Grimm Inc.’s holdings, making the stock its 13th largest position. Gillespie Robinson & Grimm Inc. owned approximately 0.36% of Old Dominion Freight Line worth $21,612,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Oregon Public Employees Retirement Fund boosted its stake in shares of Old Dominion Freight Line by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 23,826 shares of the company’s stock valued at $1,635,000 after buying an additional 472 shares during the last quarter. Mason Street Advisors LLC purchased a new stake in shares of Old Dominion Freight Line during the second quarter valued at approximately $1,882,000. CI Global Investments Inc. boosted its stake in shares of Old Dominion Freight Line by 316.7% in the second quarter. CI Global Investments Inc. now owns 125,000 shares of the company’s stock valued at $7,539,000 after buying an additional 95,000 shares during the last quarter. Calvert Investment Management Inc. boosted its stake in shares of Old Dominion Freight Line by 4.9% in the second quarter. Calvert Investment Management Inc. now owns 5,563 shares of the company’s stock valued at $336,000 after buying an additional 260 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of Old Dominion Freight Line by 11.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 216,210 shares of the company’s stock valued at $13,040,000 after buying an additional 23,017 shares during the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Old Dominion Freight Line (NASDAQ:ODFL)

Old Dominion Freight Line Inc. (NASDAQ:ODFL) traded up 0.50% during trading on Monday, hitting $86.64. The stock had a trading volume of 651,559 shares. Old Dominion Freight Line Inc. has a one year low of $48.92 and a one year high of $87.36. The firm has a market cap of $7.14 billion, a price-to-earnings ratio of 24.20 and a beta of 0.95. The stock’s 50-day moving average is $73.81 and its 200 day moving average is $67.55.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its quarterly earnings data on Thursday, October 27th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.06. The firm earned $782.60 million during the quarter, compared to analysts’ expectations of $319.94 million. Old Dominion Freight Line had a return on equity of 17.31% and a net margin of 10.05%. Old Dominion Freight Line’s 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. Equities analysts anticipate that Old Dominion Freight Line Inc. will post $3.60 earnings per share for the current year.

Several analysts recently commented on ODFL shares. Cowen and Company boosted their price target on 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. Deutsche Bank AG upped their target price on Old Dominion Freight Line from $67.00 to $71.00 and gave the company a “hold” rating in a report on Friday, July 29th. Zacks Investment Research upgraded Old Dominion Freight Line from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 2nd. KeyCorp restated a “buy” rating and issued a $75.00 target price on shares of Old Dominion Freight Line in a report on Sunday, October 9th. Finally, Bank of America Corp. cut Old Dominion Freight Line from a “neutral” rating to an “underperform” rating in a report 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 given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $72.00.

In related news, insider Jeffrey W. Congdon sold 24,555 shares of Old Dominion Freight Line stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $69.84, for a total transaction of $1,714,921.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Leo H. Suggs sold 3,800 shares of Old Dominion Freight Line stock in a transaction on Friday, November 11th. The stock was sold at an average price of $81.35, for a total value of $309,130.00. Following the transaction, the director now directly owns 4,494 shares of the company’s stock, valued at $365,586.90. The disclosure for this sale can be found here. Corporate insiders own 14.60% of the company’s stock.

Old Dominion Freight Line Company Profile

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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