E. Ohman J or Asset Management AB Buys 700 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

E. Ohman J or Asset Management AB increased its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 8.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,550 shares of the transportation company’s stock after buying an additional 700 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Old Dominion Freight Line were worth $1,508,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of ODFL. Synergy Asset Management LLC bought a new position in shares of Old Dominion Freight Line during the fourth quarter valued at $41,000. RPg Family Wealth Advisory LLC bought a new stake in Old Dominion Freight Line during the third quarter worth about $45,000. Brown Brothers Harriman & Co. grew its stake in Old Dominion Freight Line by 398.1% during 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. Versant Capital Management Inc increased its holdings in shares of Old Dominion Freight Line by 45.5% during 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 in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Old Dominion Freight Line in the 3rd quarter worth approximately $64,000. Institutional investors and hedge funds own 77.82% of the company’s stock.

Old Dominion Freight Line Trading Up 0.9 %

ODFL opened at $183.66 on Wednesday. The firm’s fifty day moving average is $191.82 and its two-hundred day moving average is $197.73. The firm has a market cap of $39.21 billion, a PE ratio of 32.11, a price-to-earnings-growth ratio of 4.95 and a beta of 1.05. Old Dominion Freight Line, Inc. has a twelve month low of $165.49 and a twelve month high of $233.26. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.33.

Insider Buying and Selling

In other Old Dominion Freight Line news, Director Leo H. Suggs sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $225.44, for a total transaction of $676,320.00. Following the sale, the director now directly owns 7,383 shares in the company, valued at approximately $1,664,423.52. This trade represents a 28.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 9.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ODFL shares. Bank of America dropped their price target on Old Dominion Freight Line from $237.00 to $204.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Barclays cut their price target on Old Dominion Freight Line from $220.00 to $210.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. TD Cowen lowered their price objective on shares of Old Dominion Freight Line from $203.00 to $196.00 and set a “hold” rating for the company in a research report on Thursday, October 24th. JPMorgan Chase & Co. increased their price target on shares of Old Dominion Freight Line from $186.00 to $205.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Finally, Susquehanna restated a “neutral” rating and issued a $195.00 price objective (down previously from $218.00) on shares of Old Dominion Freight Line in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $202.44.

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.