Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Holdings Boosted by Woodline Partners LP

Woodline Partners LP raised its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 163.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 122,716 shares of the transportation company’s stock after acquiring an additional 76,103 shares during the period. Woodline Partners LP’s holdings in Old Dominion Freight Line were worth $21,647,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in ODFL. Sone Capital Management LLC bought a new position in Old Dominion Freight Line during the 4th quarter worth $5,333,000. Vident Advisory LLC lifted its stake in Old Dominion Freight Line by 4.0% in the fourth quarter. Vident Advisory LLC now owns 21,290 shares of the transportation company’s stock valued at $3,756,000 after buying an additional 823 shares during the last quarter. Squarepoint Ops LLC boosted its holdings in shares of Old Dominion Freight Line by 104.6% during the fourth quarter. Squarepoint Ops LLC now owns 37,162 shares of the transportation company’s stock valued at $6,555,000 after acquiring an additional 19,001 shares during the period. Twinbeech Capital LP bought a new position in shares of Old Dominion Freight Line during the fourth quarter worth about $16,328,000. Finally, Two Sigma Investments LP grew its position in shares of Old Dominion Freight Line by 26.5% during the fourth quarter. Two Sigma Investments LP now owns 466,933 shares of the transportation company’s stock worth $82,367,000 after acquiring an additional 97,949 shares during the last quarter. 77.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on ODFL. Stifel Nicolaus cut their price objective on shares of Old Dominion Freight Line from $188.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Stephens reaffirmed 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. StockNews.com lowered Old Dominion Freight Line from a “hold” rating to a “sell” rating in a report on Saturday, March 29th. JPMorgan Chase & Co. lowered their target price on Old Dominion Freight Line from $174.00 to $158.00 and set a “neutral” rating on the stock in a research report on Thursday, April 24th. Finally, Raymond James set a $185.00 price target on Old Dominion Freight Line and gave the stock an “outperform” rating in a research report on Thursday, April 24th. Two investment 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. According to data from MarketBeat, Old Dominion Freight Line presently has an average rating of “Hold” and a consensus price target of $182.26.

Old Dominion Freight Line Price Performance

NASDAQ:ODFL opened at $169.60 on Wednesday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.01. The business’s 50-day moving average price is $159.78 and its 200 day moving average price is $183.15. Old Dominion Freight Line, Inc. has a 52-week low of $144.90 and a 52-week high of $233.26. The firm has a market cap of $35.84 billion, a P/E ratio of 30.95, a PEG ratio of 2.89 and a beta of 1.31.

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