FORA Capital LLC Buys New Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

FORA Capital LLC bought a new stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,855 shares of the transportation company’s stock, valued at approximately $327,000.

Several other large investors have also added to or reduced their stakes in ODFL. Hantz Financial Services Inc. increased its position in shares of Old Dominion Freight Line by 3.6% in the fourth quarter. Hantz Financial Services Inc. now owns 1,568 shares of the transportation company’s stock valued at $277,000 after acquiring an additional 55 shares during the last quarter. D.A. Davidson & CO. grew its stake in Old Dominion Freight Line by 1.9% in the fourth quarter. D.A. Davidson & CO. now owns 2,888 shares of the transportation company’s stock valued at $509,000 after purchasing an additional 55 shares in the last quarter. Evergreen Private Wealth LLC raised its stake in shares of Old Dominion Freight Line by 0.9% during the 4th quarter. Evergreen Private Wealth LLC now owns 6,651 shares of the transportation company’s stock worth $1,173,000 after purchasing an additional 59 shares in the last quarter. Lido Advisors LLC boosted its holdings in shares of Old Dominion Freight Line by 3.2% in the 4th quarter. Lido Advisors LLC now owns 1,929 shares of the transportation company’s stock valued at $340,000 after buying an additional 59 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC grew its stake in shares of Old Dominion Freight Line by 5.5% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,169 shares of the transportation company’s stock valued at $206,000 after buying an additional 61 shares in the last quarter. Institutional investors and hedge funds own 77.82% of the company’s stock.

Old Dominion Freight Line Price Performance

Shares of NASDAQ ODFL opened at $158.28 on Friday. The business has a fifty day moving average price of $159.88 and a two-hundred day moving average price of $184.52. The stock has a market capitalization of $33.58 billion, a PE ratio of 28.88, a P/E/G ratio of 2.89 and a beta of 1.31. 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 $144.90 and a fifty-two week high of $233.26.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.05. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.38 billion. Old Dominion Freight Line had a return on equity of 28.02% and a net margin of 20.40%. Old Dominion Freight Line’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.34 earnings per share. As a group, equities analysts predict that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have issued reports on ODFL. Raymond James set a $185.00 price target on shares of Old Dominion Freight Line and gave the stock an “outperform” rating in a research report on Thursday, April 24th. Morgan Stanley set a $185.00 target price on shares of Old Dominion Freight Line in a research note on Wednesday, April 2nd. Susquehanna lowered their price target on Old Dominion Freight Line from $171.00 to $168.00 and set a “neutral” rating on the stock in a research report on Thursday, April 24th. Truist Financial cut their price objective on Old Dominion Freight Line from $220.00 to $175.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. Finally, Citigroup raised Old Dominion Freight Line from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $186.00 to $183.00 in a report on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Old Dominion Freight Line has a consensus rating of “Hold” and an average target price of $183.37.

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.