Nuveen Asset Management LLC Sells 26,407 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Nuveen Asset Management LLC reduced its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 2.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,012,385 shares of the transportation company’s stock after selling 26,407 shares during the quarter. Nuveen Asset Management LLC owned about 0.47% of Old Dominion Freight Line worth $178,585,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Whipplewood Advisors LLC bought a new position in shares of Old Dominion Freight Line during the fourth quarter worth approximately $35,000. Itau Unibanco Holding S.A. boosted its stake in Old Dominion Freight Line by 518.9% in the 4th quarter. Itau Unibanco Holding S.A. now owns 229 shares of the transportation company’s stock valued at $40,000 after purchasing an additional 192 shares during the period. Synergy Asset Management LLC acquired a new position in Old Dominion Freight Line in the 4th quarter valued at $41,000. Murphy & Mullick Capital Management Corp bought a new position in Old Dominion Freight Line during the 4th quarter worth $51,000. Finally, CoreCap Advisors LLC raised its stake in Old Dominion Freight Line by 98.2% in the 4th quarter. CoreCap Advisors LLC now owns 339 shares of the transportation company’s stock worth $60,000 after purchasing an additional 168 shares in the last quarter. 77.82% of the stock is owned by institutional investors.

Old Dominion Freight Line Stock Performance

NASDAQ ODFL opened at $169.93 on Friday. The company has a market cap of $35.91 billion, a P/E ratio of 31.01, a PEG ratio of 2.89 and a beta of 1.31. The company has a fifty day simple moving average of $159.42 and a 200 day simple moving average of $183.93. 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.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its 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. Old Dominion Freight Line had a return on equity of 28.02% and a net margin of 20.40%. The company had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the previous year, the firm earned $1.34 earnings per share. Old Dominion Freight Line’s quarterly revenue was down 5.8% on a year-over-year basis. 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

A number of research firms have recently weighed in on ODFL. Raymond James set a $185.00 target price on Old Dominion Freight Line and gave the company an “outperform” rating in a research report on Thursday, April 24th. JPMorgan Chase & Co. decreased their target price on shares of Old Dominion Freight Line from $174.00 to $158.00 and set a “neutral” rating on the stock in a research note on Thursday, April 24th. Bank of America lowered their price objective on Old Dominion Freight Line from $237.00 to $204.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. StockNews.com lowered Old Dominion Freight Line from a “hold” rating to a “sell” rating in a research report on Saturday, March 29th. Finally, Citigroup upgraded shares of Old Dominion Freight Line from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $186.00 to $183.00 in a report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $183.37.

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.