Markel Group Inc. Has $50.51 Million Stock Position in Old Dominion Freight Line, Inc. $ODFL

Markel Group Inc. grew its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 4.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 358,750 shares of the transportation company’s stock after acquiring an additional 16,300 shares during the period. Markel Group Inc. owned 0.17% of Old Dominion Freight Line worth $50,505,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Financial Gravity Companies Inc. bought a new position in shares of Old Dominion Freight Line during the second quarter worth approximately $26,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in Old Dominion Freight Line by 175.7% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 193 shares of the transportation company’s stock valued at $27,000 after buying an additional 123 shares in the last quarter. Rossby Financial LCC bought a new position in Old Dominion Freight Line during the 2nd quarter worth $28,000. Chilton Capital Management LLC acquired a new stake in shares of Old Dominion Freight Line during the second quarter worth $47,000. Finally, Blue Trust Inc. lifted its holdings in shares of Old Dominion Freight Line by 65.5% during the second quarter. Blue Trust Inc. now owns 412 shares of the transportation company’s stock worth $67,000 after buying an additional 163 shares in the last quarter. Institutional investors own 77.82% of the company’s stock.

Old Dominion Freight Line Stock Down 0.2%

Shares of ODFL opened at $173.99 on Tuesday. The firm has a 50 day simple moving average of $156.87 and a two-hundred day simple moving average of $150.12. 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, Inc. has a one year low of $126.01 and a one year high of $209.61. The company has a market cap of $36.38 billion, a P/E ratio of 35.01, a P/E/G ratio of 8.66 and a beta of 1.27.

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

Analyst Ratings Changes

ODFL has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Old Dominion Freight Line from $180.00 to $167.00 and set a “buy” rating on the stock in a research report on Thursday, December 11th. Evercore ISI set a $150.00 target price on shares of Old Dominion Freight Line and gave the stock an “in-line” rating in a report on Monday, January 12th. Barclays set a $165.00 price target on shares of Old Dominion Freight Line and gave the company an “equal weight” rating in a research report on Thursday, January 15th. The Goldman Sachs Group increased their price target on Old Dominion Freight Line from $181.00 to $182.00 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Finally, Rothschild & Co Redburn began coverage on Old Dominion Freight Line in a report on Wednesday, November 26th. They issued a “sell” rating and a $114.00 price objective for the company. Ten research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, Old Dominion Freight Line has a consensus rating of “Hold” and an average price target of $163.33.

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.