LRI Investments LLC Purchases 154 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

LRI Investments LLC raised its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 72.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 368 shares of the transportation company’s stock after acquiring an additional 154 shares during the quarter. LRI Investments LLC’s holdings in Old Dominion Freight Line were worth $65,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Hantz Financial Services Inc. boosted its position in shares of Old Dominion Freight Line by 3.6% during the 4th quarter. Hantz Financial Services Inc. now owns 1,568 shares of the transportation company’s stock worth $277,000 after purchasing an additional 55 shares in the last quarter. D.A. Davidson & CO. boosted its position in shares of 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 in the last quarter. Evergreen Private Wealth LLC boosted its position 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 raised 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 worth $340,000 after acquiring an additional 59 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC raised its holdings in shares of Old Dominion Freight Line by 5.5% in the 4th 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. Institutional investors own 77.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on ODFL shares. Bank of America lowered their target price on shares of Old Dominion Freight Line from $237.00 to $204.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. 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. Truist Financial lowered their target price on shares of Old Dominion Freight Line from $220.00 to $175.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. StockNews.com lowered shares of Old Dominion Freight Line from a “hold” rating to a “sell” rating in a report on Saturday, March 29th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Old Dominion Freight Line in a report on Friday, March 7th. They issued a “buy” rating and a $236.00 target price on the stock. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Old Dominion Freight Line presently has an average rating of “Hold” and a consensus price target of $183.37.

Old Dominion Freight Line Stock Down 2.7%

Old Dominion Freight Line stock opened at $171.34 on Wednesday. The firm has a 50 day moving average price of $159.74 and a 200-day moving average price of $184.23. The company has a market capitalization of $36.21 billion, a P/E ratio of 31.27, a P/E/G ratio of 2.89 and a beta of 1.31. Old Dominion Freight Line, Inc. has a twelve month low of $144.90 and a twelve month high of $233.26. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.01.

Old Dominion Freight Line (NASDAQ:ODFL) last released its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.14 by $0.05. The company 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 for the quarter was down 5.8% on a year-over-year basis. During the same period last year, the firm earned $1.34 EPS. As a group, equities analysts predict that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current year.

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.