Turtle Creek Wealth Advisors LLC Sells 9,353 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Turtle Creek Wealth Advisors LLC lowered its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 37.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,342 shares of the transportation company’s stock after selling 9,353 shares during the quarter. Turtle Creek Wealth Advisors LLC’s holdings in Old Dominion Freight Line were worth $2,706,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of ODFL. Public Sector Pension Investment Board grew its holdings in Old Dominion Freight Line by 163.9% during the second quarter. Public Sector Pension Investment Board now owns 4,466 shares of the transportation company’s stock worth $789,000 after buying an additional 2,774 shares in the last quarter. Quarry LP bought a new stake in Old Dominion Freight Line during the second quarter worth $60,000. Truist Financial Corp boosted its position in Old Dominion Freight Line by 7.6% in the second quarter. Truist Financial Corp now owns 106,193 shares of the transportation company’s stock worth $18,754,000 after purchasing an additional 7,460 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in Old Dominion Freight Line in the second quarter worth $6,836,000. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its position in Old Dominion Freight Line by 22,575.1% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 219,948 shares of the transportation company’s stock worth $38,843,000 after purchasing an additional 218,978 shares during the last quarter. Institutional investors own 77.82% of the company’s stock.

Analyst Upgrades and Downgrades

ODFL has been the topic of several research analyst reports. Stephens reissued an “overweight” rating and issued a $240.00 price objective on shares of Old Dominion Freight Line in a research report on Wednesday, December 4th. TD Cowen cut their price objective on Old Dominion Freight Line from $203.00 to $196.00 and set a “hold” rating on the stock in a research report on Thursday, October 24th. Robert W. Baird cut their price objective on Old Dominion Freight Line from $204.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Stifel Nicolaus boosted their price objective on Old Dominion Freight Line from $176.00 to $193.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Finally, Citigroup boosted their price objective on Old Dominion Freight Line from $201.00 to $241.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Old Dominion Freight Line has an average rating of “Hold” and an average price target of $202.44.

Old Dominion Freight Line Stock Performance

Shares of ODFL opened at $186.78 on Friday. The stock’s 50-day simple moving average is $194.22 and its 200 day simple moving average is $198.02. The stock has a market capitalization of $39.88 billion, a price-to-earnings ratio of 32.65, a price-to-earnings-growth ratio of 4.96 and a beta of 1.05. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.33. Old Dominion Freight Line, Inc. has a 52-week low of $165.49 and a 52-week high of $233.26.

Insiders Place Their Bets

In other Old Dominion Freight Line news, Director Leo H. Suggs sold 3,000 shares of the company’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 transaction, the director now directly owns 7,383 shares in the company, valued at $1,664,423.52. This represents a 28.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 9.90% of the company’s stock.

About Old Dominion Freight Line

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.