Exchange Traded Concepts LLC Has $1.94 Million Stock Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Exchange Traded Concepts LLC decreased its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 34.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,003 shares of the transportation company’s stock after selling 5,734 shares during the period. Exchange Traded Concepts LLC’s holdings in Old Dominion Freight Line were worth $1,941,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC acquired a new stake in shares of Old Dominion Freight Line in the third quarter worth about $45,000. Brown Brothers Harriman & Co. lifted its position in shares of Old Dominion Freight Line by 398.1% in the third quarter. Brown Brothers Harriman & Co. now owns 269 shares of the transportation company’s stock worth $53,000 after buying an additional 215 shares during the last quarter. Quarry LP acquired a new stake in shares of Old Dominion Freight Line in the second quarter worth about $60,000. Versant Capital Management Inc lifted its position in shares of Old Dominion Freight Line by 45.5% in the fourth quarter. Versant Capital Management Inc now owns 352 shares of the transportation company’s stock worth $62,000 after buying an additional 110 shares during the last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Old Dominion Freight Line in the third quarter worth about $64,000. Institutional investors and hedge funds own 77.82% of the company’s stock.

Analysts Set New Price Targets

ODFL has been the subject of a number of analyst reports. The Goldman Sachs Group boosted their price target on Old Dominion Freight Line from $213.00 to $235.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. Stephens reaffirmed an “overweight” rating and issued a $240.00 price target on shares of Old Dominion Freight Line in a research report on Wednesday, December 4th. Argus cut Old Dominion Freight Line from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Bank of America cut their price objective on Old Dominion Freight Line from $237.00 to $204.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Finally, Robert W. Baird lowered their price target on Old Dominion Freight Line from $204.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $202.44.

Old Dominion Freight Line Price Performance

Shares of NASDAQ ODFL opened at $190.81 on Monday. The stock has a market capitalization of $40.74 billion, a price-to-earnings ratio of 33.36, a PEG ratio of 5.03 and a beta of 1.05. The business has a 50-day moving average of $196.26 and a 200-day moving average of $198.13. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.33 and a quick ratio of 1.33. Old Dominion Freight Line, Inc. has a fifty-two week low of $165.49 and a fifty-two week high of $233.26.

Insider Activity

In other news, Director Leo H. Suggs sold 3,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $225.44, for a total value of $676,320.00. Following the completion of the transaction, the director now owns 7,383 shares in the company, valued at $1,664,423.52. This trade represents a 28.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 9.90% of the stock is owned by corporate insiders.

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.