Captrust Financial Advisors Acquires 641 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Captrust Financial Advisors boosted its holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 8.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,143 shares of the transportation company’s stock after buying an additional 641 shares during the quarter. Captrust Financial Advisors’ holdings in Old Dominion Freight Line were worth $1,436,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Hantz Financial Services Inc. raised its holdings 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 buying an additional 55 shares during the last quarter. D.A. Davidson & CO. raised its holdings in Old Dominion Freight Line by 1.9% during the 4th quarter. D.A. Davidson & CO. now owns 2,888 shares of the transportation company’s stock worth $509,000 after purchasing an additional 55 shares during the last quarter. Evergreen Private Wealth LLC raised its holdings in 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 during the last quarter. Lido Advisors LLC raised its holdings in Old Dominion Freight Line by 3.2% during the 4th quarter. Lido Advisors LLC now owns 1,929 shares of the transportation company’s stock worth $340,000 after purchasing an additional 59 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC raised its holdings in Old Dominion Freight Line by 5.5% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,169 shares of the transportation company’s stock worth $206,000 after purchasing an additional 61 shares during the last quarter. Institutional investors own 77.82% of the company’s stock.

Old Dominion Freight Line Stock Performance

NASDAQ ODFL opened at $171.34 on Wednesday. The company has a fifty day simple moving average of $159.74 and a 200 day simple moving average of $184.23. Old Dominion Freight Line, Inc. has a 12-month low of $144.90 and a 12-month 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. The company has a market cap of $36.21 billion, a P/E ratio of 31.27, a PEG ratio of 2.89 and a beta of 1.31.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 20.40% and a return on equity of 28.02%. Old Dominion Freight Line’s revenue was down 5.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.34 EPS. Sell-side analysts predict that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ODFL has been the subject of several analyst reports. Morgan Stanley set a $185.00 price target on shares of Old Dominion Freight Line in a report on Wednesday, April 2nd. Wells Fargo & Company set a $150.00 price target on shares of Old Dominion Freight Line and gave the stock an “underweight” rating in a report on Thursday, April 24th. Stephens restated an “overweight” rating and set a $180.00 price target (down previously from $200.00) on shares of Old Dominion Freight Line in a report on Thursday, April 24th. Bank of America lowered their price target on shares of 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. Finally, Stifel Nicolaus lowered their price objective on shares of Old Dominion Freight Line from $188.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $183.37.

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.