UniSuper Management Pty Ltd Buys 3,654 Shares of Old Dominion Freight Line, Inc. $ODFL

UniSuper Management Pty Ltd increased its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 19.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 22,196 shares of the transportation company’s stock after purchasing an additional 3,654 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Old Dominion Freight Line were worth $3,125,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Brighton Jones LLC raised its stake in shares of Old Dominion Freight Line by 5.3% in the fourth quarter. Brighton Jones LLC now owns 1,559 shares of the transportation company’s stock valued at $275,000 after acquiring an additional 79 shares during the period. Empowered Funds LLC grew its holdings in Old Dominion Freight Line by 134.9% during the 1st quarter. Empowered Funds LLC now owns 10,213 shares of the transportation company’s stock valued at $1,690,000 after purchasing an additional 5,866 shares during the last quarter. Farther Finance Advisors LLC raised its position in Old Dominion Freight Line by 32.7% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,338 shares of the transportation company’s stock worth $379,000 after purchasing an additional 576 shares during the period. TD Private Client Wealth LLC lifted its stake in Old Dominion Freight Line by 210.7% in the second quarter. TD Private Client Wealth LLC now owns 1,920 shares of the transportation company’s stock worth $312,000 after purchasing an additional 1,302 shares during the last quarter. Finally, Perigon Wealth Management LLC boosted its position in shares of Old Dominion Freight Line by 8.1% during the second quarter. Perigon Wealth Management LLC now owns 2,150 shares of the transportation company’s stock valued at $349,000 after buying an additional 161 shares during the period. Hedge funds and other institutional investors own 77.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ODFL. Wolfe Research set a $138.00 price target on Old Dominion Freight Line in a research note on Thursday, January 8th. BMO Capital Markets upgraded Old Dominion Freight Line from a “market perform” rating to an “outperform” rating and decreased their target price for the stock from $172.00 to $170.00 in a research report on Monday, December 1st. Rothschild Redb upgraded shares of Old Dominion Freight Line to a “strong sell” rating in a report on Wednesday, November 26th. Bank of America raised their price target on shares of Old Dominion Freight Line from $147.00 to $149.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 3rd. Finally, Susquehanna restated a “neutral” rating and issued a $170.00 target price on shares of Old Dominion Freight Line in a research note on Monday, January 5th. Ten investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $163.33.

Old Dominion Freight Line Stock Performance

ODFL stock opened at $173.99 on Tuesday. Old Dominion Freight Line, Inc. has a 1-year low of $126.01 and a 1-year high of $209.61. The business has a 50-day moving average price of $156.87 and a 200 day moving average price of $150.12. The company has a market capitalization of $36.38 billion, a P/E ratio of 35.01, a PEG ratio of 8.66 and a beta of 1.27. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.20 and a quick ratio of 1.20.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its earnings results on Wednesday, October 29th. The transportation company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.06. Old Dominion Freight Line had a net margin of 18.97% and a return on equity of 24.92%. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter last year, the firm posted $1.43 EPS. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. As a group, equities research analysts forecast that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current fiscal year.

Old Dominion Freight Line Profile

Old Dominion Freight Line is a U.S.-based less-than-truckload (LTL) transportation company that provides regional, inter-regional and national freight services. Founded in 1934 and headquartered in Thomasville, North Carolina, the company has grown from a regional carrier into a national freight network, operating a broad system of service centers and terminals to move shipments for shippers of varying sizes and industries.

The company’s core business is LTL trucking, offering scheduled pickup and delivery for palletized freight that does not require a full truckload.