Jefferies Financial Group Inc. Invests $1.13 Million in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Jefferies Financial Group Inc. bought a new position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) during the 4th quarter, HoldingsChannel reports. The fund bought 6,390 shares of the transportation company’s stock, valued at approximately $1,127,000.

Other large investors have also made changes to their positions in the company. Avanza Fonder AB bought a new stake in shares of Old Dominion Freight Line in the 4th quarter worth about $3,741,000. AustralianSuper Pty Ltd acquired a new position in Old Dominion Freight Line during the 4th quarter worth about $128,221,000. Blueshift Asset Management LLC acquired a new position in Old Dominion Freight Line during the 4th quarter worth about $630,000. Board of the Pension Protection Fund acquired a new position in Old Dominion Freight Line during the 4th quarter worth about $600,000. Finally, Ameriprise Financial Inc. lifted its position in Old Dominion Freight Line by 2.9% during the 4th quarter. Ameriprise Financial Inc. now owns 1,267,640 shares of the transportation company’s stock worth $223,281,000 after buying an additional 35,778 shares in the last quarter. Institutional investors own 77.82% of the company’s stock.

Old Dominion Freight Line Stock Performance

Shares of NASDAQ:ODFL opened at $171.65 on Thursday. The company has a market capitalization of $36.27 billion, a price-to-earnings ratio of 31.32, a P/E/G ratio of 2.89 and a beta of 1.31. The firm’s 50 day simple moving average is $159.58 and its 200 day simple moving average is $184.14. 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 earnings results on Wednesday, April 23rd. The transportation company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.05. Old Dominion Freight Line had a return on equity of 28.02% and a net margin of 20.40%. The business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the prior year, the business earned $1.34 EPS. Old Dominion Freight Line’s revenue for the quarter was down 5.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ODFL has been the topic of several research reports. Susquehanna reduced their price target on shares of 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. Citigroup upgraded shares of Old Dominion Freight Line from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $186.00 to $183.00 in a research report on Tuesday, April 8th. Bank of America cut 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 research report on Thursday, January 16th. Stephens restated an “overweight” rating and set a $180.00 target price (down from $200.00) on shares of Old Dominion Freight Line in a research report on Thursday, April 24th. Finally, StockNews.com downgraded shares of Old Dominion Freight Line from a “hold” rating to a “sell” rating in a research report on Saturday, March 29th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $183.37.

Old Dominion Freight Line Company 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.