Old Dominion Freight Line Inc. (NASDAQ:ODFL) Vice Chairman David S. Congdon sold 2,400 shares of the company’s stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $86.56, for a total transaction of $207,744.00. Following the completion of the sale, the insider now owns 5,334 shares of the company’s stock, valued at approximately $461,711.04. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Old Dominion Freight Line Inc. (NASDAQ:ODFL) opened at 88.23 on Thursday. Old Dominion Freight Line Inc. has a 12-month low of $48.92 and a 12-month high of $88.30. The stock’s 50 day moving average is $75.86 and its 200-day moving average is $68.22. The company has a market cap of $7.27 billion, a P/E ratio of 24.65 and a beta of 0.95.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings results on Thursday, October 27th. The company reported $1.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.06. The business 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%. Old Dominion Freight Line’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.99 earnings per share. Analysts predict 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 recently commented on the stock. Zacks Investment Research upgraded shares of Old Dominion Freight Line from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a research report on Thursday, November 3rd. Deutsche Bank AG assumed coverage on shares of Old Dominion Freight Line in a research report on Wednesday, November 2nd. They issued a “buy” rating and a $90.00 price target for the company. 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, Bank of America Corp. downgraded 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. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $73.50.

Large investors have recently bought and sold shares of the company. Fiera Capital Corp acquired a new stake in Old Dominion Freight Line during the second quarter worth $40,811,000. Victory Capital Management Inc. boosted its position in shares of Old Dominion Freight Line by 31.2% in the second quarter. Victory Capital Management Inc. now owns 1,695,807 shares of the company’s stock worth $102,274,000 after buying an additional 403,122 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC purchased a new position in shares of Old Dominion Freight Line during the third quarter worth about $26,730,000. Price T Rowe Associates Inc. MD boosted its position in shares of Old Dominion Freight Line by 3.9% in the third quarter. Price T Rowe Associates Inc. MD now owns 7,106,576 shares of the company’s stock worth $487,582,000 after buying an additional 269,482 shares in the last quarter. Finally, Westfield Capital Management Co. LP boosted its position in shares of Old Dominion Freight Line by 82.2% in the second quarter. Westfield Capital Management Co. LP now owns 582,910 shares of the company’s stock worth $35,155,000 after buying an additional 263,060 shares in the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: “David S. Congdon Sells 2,400 Shares of Old Dominion Freight Line Inc. (ODFL) Stock” was first published by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are viewing this news story on another site, it was illegally stolen and reposted in violation of international copyright and trademark law. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2016/11/24/david-s-congdon-sells-2400-shares-of-old-dominion-freight-line-inc-odfl-stock.html.

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

Receive News & Stock Ratings for Old Dominion Freight Line Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old Dominion Freight Line Inc. and related stocks with our FREE daily email newsletter.