Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Shares Sold by Gotham Asset Management LLC

Gotham Asset Management LLC cut its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 32.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 16,837 shares of the transportation company’s stock after selling 7,937 shares during the period. Gotham Asset Management LLC’s holdings in Old Dominion Freight Line were worth $2,970,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Whipplewood Advisors LLC acquired a new stake in shares of Old Dominion Freight Line during the fourth quarter worth $35,000. Itau Unibanco Holding S.A. lifted its holdings in shares of Old Dominion Freight Line by 518.9% during the fourth quarter. Itau Unibanco Holding S.A. now owns 229 shares of the transportation company’s stock worth $40,000 after purchasing an additional 192 shares during the period. Synergy Asset Management LLC acquired a new stake in shares of Old Dominion Freight Line during the fourth quarter worth $41,000. Murphy & Mullick Capital Management Corp acquired a new stake in Old Dominion Freight Line in the fourth quarter valued at $51,000. Finally, CoreCap Advisors LLC lifted its holdings in Old Dominion Freight Line by 98.2% in the fourth quarter. CoreCap Advisors LLC now owns 339 shares of the transportation company’s stock valued at $60,000 after acquiring an additional 168 shares during the period. 77.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ODFL has been the subject of a number of recent analyst reports. StockNews.com downgraded Old Dominion Freight Line from a “hold” rating to a “sell” rating in a report on Saturday, March 29th. JPMorgan Chase & Co. reduced their target price on Old Dominion Freight Line from $174.00 to $158.00 and set a “neutral” rating for the company in a report on Thursday, April 24th. Jefferies Financial Group reduced their target price on Old Dominion Freight Line from $195.00 to $165.00 and set a “hold” rating for the company in a report on Wednesday, April 9th. Stephens reissued an “overweight” rating and issued a $180.00 target price (down previously from $200.00) on shares of Old Dominion Freight Line in a report on Thursday, April 24th. Finally, Stifel Nicolaus reduced their target price on Old Dominion Freight Line from $188.00 to $175.00 and set a “buy” rating for the company in a report on Thursday, April 24th. 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 company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $183.37.

Old Dominion Freight Line Trading Down 1.0%

Old Dominion Freight Line stock opened at $169.93 on Friday. The stock has a market cap of $35.91 billion, a PE ratio of 31.01, a P/E/G ratio of 2.89 and a beta of 1.31. The stock has a 50-day moving average price of $159.42 and a 200 day moving average price of $183.93. Old Dominion Freight Line, Inc. has a 52 week low of $144.90 and a 52 week high of $233.26. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01.

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

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.