Central Bank & Trust Co. Sells 2,496 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Central Bank & Trust Co. cut its holdings in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 13.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,210 shares of the transportation company’s stock after selling 2,496 shares during the quarter. Central Bank & Trust Co.’s holdings in Old Dominion Freight Line were worth $2,859,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ODFL. UMB Bank n.a. grew its holdings in shares of Old Dominion Freight Line by 28.9% in the 4th quarter. UMB Bank n.a. now owns 735 shares of the transportation company’s stock valued at $130,000 after acquiring an additional 165 shares in the last quarter. Mechanics Bank Trust Department acquired a new position in Old Dominion Freight Line during the fourth quarter valued at approximately $213,000. LVW Advisors LLC grew its stake in Old Dominion Freight Line by 35.1% in the fourth quarter. LVW Advisors LLC now owns 4,464 shares of the transportation company’s stock valued at $787,000 after purchasing an additional 1,161 shares in the last quarter. Smart Money Group LLC increased its position in shares of Old Dominion Freight Line by 9.9% during the 4th quarter. Smart Money Group LLC now owns 2,991 shares of the transportation company’s stock worth $528,000 after purchasing an additional 269 shares during the last quarter. Finally, City Holding Co. increased its position in shares of Old Dominion Freight Line by 1.8% during the 4th quarter. City Holding Co. now owns 7,029 shares of the transportation company’s stock worth $1,240,000 after purchasing an additional 125 shares during the last quarter. 77.82% of the stock is owned by institutional investors.

Insider Activity at Old Dominion Freight Line

In other Old Dominion Freight Line news, Director Leo H. Suggs sold 3,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $225.44, for a total value of $676,320.00. Following the transaction, the director now directly owns 7,383 shares of the company’s stock, valued at $1,664,423.52. This trade represents a 28.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Greg C. Gantt sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $200.07, for a total transaction of $1,400,490.00. Following the completion of the transaction, the director now owns 97,890 shares of the company’s stock, valued at $19,584,852.30. The trade was a 6.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ODFL. Argus cut shares of Old Dominion Freight Line from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Evercore ISI decreased their price objective on shares of Old Dominion Freight Line from $199.00 to $188.00 and set an “in-line” rating for the company in a research report on Thursday, October 3rd. TD Cowen dropped their target price on shares of Old Dominion Freight Line from $203.00 to $196.00 and set a “hold” rating on the stock in a report on Thursday, October 24th. Bank of America cut their target price on shares of Old Dominion Freight Line from $237.00 to $204.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Finally, Susquehanna reissued a “neutral” rating and set a $195.00 price target (down previously from $218.00) on shares of Old Dominion Freight Line in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $201.50.

Old Dominion Freight Line Trading Down 0.2 %

Shares of Old Dominion Freight Line stock opened at $189.55 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.33. The firm has a 50-day moving average of $198.84 and a 200-day moving average of $197.87. Old Dominion Freight Line, Inc. has a 52-week low of $165.49 and a 52-week high of $233.26. The stock has a market cap of $40.47 billion, a PE ratio of 33.14, a PEG ratio of 5.05 and a beta of 1.05.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.01. Old Dominion Freight Line had a net margin of 21.03% and a return on equity of 29.40%. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the firm posted $1.54 EPS. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Old Dominion Freight Line, Inc. will post 5.42 EPS for the current year.

Old Dominion Freight Line Profile

Old Dominion Freight Line, Inc operates as a less-than-truckload motor carrier in the United States and North America. The company offers regional, inter-regional, and national less-than-truckload services, as well as expedited transportation. It also provides various value-added services, including container drayage, truckload brokerage, and supply chain consulting.