Vanguard Personalized Indexing Management LLC Sells 4,933 Shares of Old Dominion Freight Line, Inc. $ODFL

Vanguard Personalized Indexing Management LLC lowered its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 15.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,026 shares of the transportation company’s stock after selling 4,933 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Old Dominion Freight Line were worth $3,805,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Financial Gravity Companies Inc. bought a new stake in Old Dominion Freight Line during the 2nd quarter valued at approximately $26,000. Rossby Financial LCC purchased a new position in shares of Old Dominion Freight Line in the 2nd quarter valued at approximately $28,000. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Old Dominion Freight Line by 175.7% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 193 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 123 shares in the last quarter. Chilton Capital Management LLC bought a new stake in shares of Old Dominion Freight Line during the second quarter valued at approximately $47,000. Finally, Blue Trust Inc. grew its stake in Old Dominion Freight Line by 65.5% in the second quarter. Blue Trust Inc. now owns 412 shares of the transportation company’s stock worth $67,000 after purchasing an additional 163 shares during the period. 77.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ODFL shares. TD Cowen reissued a “hold” rating on shares of Old Dominion Freight Line in a research report on Friday, January 9th. Evercore ISI set a $150.00 price target on shares of Old Dominion Freight Line and gave the stock an “in-line” rating in a research note on Monday, January 12th. Robert W. Baird set a $170.00 price target on shares of Old Dominion Freight Line in a research report on Monday, January 5th. Wolfe Research set a $138.00 price objective on shares of Old Dominion Freight Line in a research note on Thursday, January 8th. Finally, Morgan Stanley upgraded shares of Old Dominion Freight Line from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $165.00 to $190.00 in a report on Monday, December 8th. Ten investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $163.33.

Old Dominion Freight Line Trading Down 1.0%

NASDAQ:ODFL opened at $172.72 on Thursday. The stock has a market cap of $36.12 billion, a price-to-earnings ratio of 34.75, a PEG ratio of 8.67 and a beta of 1.27. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.02. The company’s 50 day moving average price is $158.65 and its 200-day moving average price is $150.32. Old Dominion Freight Line, Inc. has a 52 week low of $126.01 and a 52 week high of $209.61.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its quarterly earnings data on Wednesday, October 29th. The transportation company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.06. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.41 billion. Old Dominion Freight Line had a net margin of 18.97% and a return on equity of 24.92%. The firm’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.43 EPS. On average, equities research analysts forecast that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current fiscal year.

Old Dominion Freight Line Company 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.