Twinbeech Capital LP Buys New Holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Twinbeech Capital LP bought a new stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 92,560 shares of the transportation company’s stock, valued at approximately $16,328,000.

Several other hedge funds have also bought and sold shares of the company. Hantz Financial Services Inc. lifted its stake in Old Dominion Freight Line by 3.6% in the 4th quarter. Hantz Financial Services Inc. now owns 1,568 shares of the transportation company’s stock valued at $277,000 after purchasing an additional 55 shares during the last quarter. D.A. Davidson & CO. lifted its position in Old Dominion Freight Line by 1.9% during the fourth quarter. D.A. Davidson & CO. now owns 2,888 shares of the transportation company’s stock worth $509,000 after acquiring an additional 55 shares during the last quarter. Evergreen Private Wealth LLC lifted its position in Old Dominion Freight Line by 0.9% during the fourth quarter. Evergreen Private Wealth LLC now owns 6,651 shares of the transportation company’s stock worth $1,173,000 after acquiring an additional 59 shares during the last quarter. Lido Advisors LLC lifted its position in Old Dominion Freight Line by 3.2% during the fourth quarter. Lido Advisors LLC now owns 1,929 shares of the transportation company’s stock worth $340,000 after acquiring an additional 59 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC lifted its position in Old Dominion Freight Line by 5.5% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,169 shares of the transportation company’s stock worth $206,000 after acquiring an additional 61 shares during the last quarter. 77.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ODFL has been the subject of several research reports. Morgan Stanley set a $185.00 price objective on shares of Old Dominion Freight Line in a research report on Wednesday, April 2nd. Bank of America raised their price objective on shares of Old Dominion Freight Line from $167.00 to $183.00 and gave the stock a “neutral” rating in a research report on Friday. Stephens restated an “overweight” rating and set a $180.00 price objective (down from $200.00) on shares of Old Dominion Freight Line in a research report on Thursday, April 24th. Wells Fargo & Company set a $150.00 price objective on shares of Old Dominion Freight Line and gave the stock an “underweight” rating in a research report on Thursday, April 24th. Finally, Raymond James set a $185.00 target price on shares of Old Dominion Freight Line and gave the stock an “outperform” rating in a report on Thursday, April 24th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $182.26.

Old Dominion Freight Line Stock Performance

Shares of NASDAQ:ODFL opened at $171.61 on Tuesday. The company’s 50 day simple moving average is $159.65 and its 200 day simple moving average is $183.25. The stock has a market capitalization of $36.27 billion, a price-to-earnings ratio of 31.32, a price-to-earnings-growth 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 1 year low of $144.90 and a 1 year high of $233.26.

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