Bridges Investment Management Inc. increased its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 19.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,700 shares of the transportation company’s stock after buying an additional 600 shares during the period. Bridges Investment Management Inc.’s holdings in Old Dominion Freight Line were worth $352,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. BlackRock Inc. raised its position in Old Dominion Freight Line by 11,389.2% in the first quarter. BlackRock Inc. now owns 5,400,851 shares of the transportation company’s stock worth $462,150,000 after buying an additional 5,353,843 shares in the last quarter. Janus Capital Management LLC raised its position in Old Dominion Freight Line by 1.0% in the first quarter. Janus Capital Management LLC now owns 2,789,817 shares of the transportation company’s stock worth $238,725,000 after buying an additional 27,397 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in Old Dominion Freight Line by 7.2% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,942,570 shares of the transportation company’s stock worth $166,226,000 after buying an additional 130,065 shares in the last quarter. State Street Corp raised its position in Old Dominion Freight Line by 1.5% in the first quarter. State Street Corp now owns 1,829,413 shares of the transportation company’s stock worth $156,542,000 after buying an additional 26,670 shares in the last quarter. Finally, SPF Beheer BV raised its position in Old Dominion Freight Line by 2.1% in the second quarter. SPF Beheer BV now owns 772,544 shares of the transportation company’s stock worth $73,577,000 after buying an additional 15,748 shares in the last quarter. 74.78% of the stock is owned by hedge funds and other institutional investors.

Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) traded up 0.81% during mid-day trading on Monday, hitting $98.24. 161,130 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $95.11 and a 200-day moving average price of $89.42. The stock has a market cap of $8.10 billion, a P/E ratio of 26.97 and a beta of 1.08. Old Dominion Freight Line, Inc. has a 1-year low of $64.99 and a 1-year high of $100.61.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its quarterly earnings data on Thursday, April 27th. The transportation company reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.01. Old Dominion Freight Line had a net margin of 9.92% and a return on equity of 16.52%. The company had revenue of $754.10 million for the quarter, compared to analysts’ expectations of $751.84 million. During the same quarter in the previous year, the company posted $0.72 EPS. The business’s revenue was up 6.6% compared to the same quarter last year. Equities research analysts anticipate that Old Dominion Freight Line, Inc. will post $3.99 EPS for the current fiscal year.

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ODFL has been the topic of a number of recent research reports. Credit Suisse Group restated an “outperform” rating and issued a $109.00 price objective (up from $101.00) on shares of Old Dominion Freight Line in a research note on Thursday, July 13th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Old Dominion Freight Line from a “sell” rating to a “hold” rating in a research note on Tuesday, April 4th. BidaskClub upgraded shares of Old Dominion Freight Line from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Cowen and Company boosted their price target on shares of Old Dominion Freight Line from $88.00 to $92.00 and gave the stock a “market perform” rating in a research note on Thursday, April 27th. Finally, Vertical Research reiterated a “hold” rating and set a $83.00 price target on shares of Old Dominion Freight Line in a research note on Thursday, April 13th. Four analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. Old Dominion Freight Line has an average rating of “Buy” and a consensus target price of $96.78.

Old Dominion Freight Line Company Profile

Old Dominion Freight Line, Inc is a union-free motor carrier providing regional, inter-regional and national less-than-truckload (LTL) services. The Company’s LTL services include ground and air expedited transportation for time-sensitive shipments, consumer household pickup and delivery and freight delivery services throughout North America.

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

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