Securian Asset Management Inc. Has $777,000 Position in Old Dominion Freight Line, Inc. $ODFL

Securian Asset Management Inc. reduced its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 44.0% during the 4th quarter, HoldingsChannel reports. The fund owned 4,957 shares of the transportation company’s stock after selling 3,891 shares during the period. Securian Asset Management Inc.’s holdings in Old Dominion Freight Line were worth $777,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Westside Investment Management Inc. grew its position in Old Dominion Freight Line by 100.0% in the third quarter. Westside Investment Management Inc. now owns 196 shares of the transportation company’s stock worth $27,000 after acquiring an additional 98 shares in the last quarter. Raiffeisen Bank International AG acquired a new stake in shares of Old Dominion Freight Line in the third quarter valued at about $37,000. Torren Management LLC acquired a new stake in Old Dominion Freight Line in the 4th quarter valued at approximately $41,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Old Dominion Freight Line in the fourth quarter worth $50,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in Old Dominion Freight Line during the third quarter worth $55,000. Institutional investors own 77.82% of the company’s stock.

Old Dominion Freight Line Price Performance

ODFL opened at $189.18 on Thursday. The company has a market capitalization of $39.34 billion, a P/E ratio of 39.58, a P/E/G ratio of 3.91 and a beta of 1.17. The firm’s fifty day moving average price is $200.51 and its two-hundred day moving average price is $176.17. Old Dominion Freight Line, Inc. has a fifty-two week low of $126.01 and a fifty-two week high of $233.79.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.09. The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Old Dominion Freight Line had a net margin of 18.46% and a return on equity of 23.42%. The business’s revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.19 EPS. On average, equities research analysts expect that Old Dominion Freight Line, Inc. will post 5.32 EPS for the current fiscal year.

Analysts Set New Price Targets

ODFL has been the subject of a number of research reports. UBS Group increased their price target on shares of Old Dominion Freight Line from $202.00 to $216.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Barclays set a $210.00 price objective on shares of Old Dominion Freight Line and gave the stock an “equal weight” rating in a report on Thursday, April 30th. BMO Capital Markets increased their target price on shares of Old Dominion Freight Line from $215.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. Zacks Research raised Old Dominion Freight Line from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 10th. Finally, JPMorgan Chase & Co. boosted their price target on Old Dominion Freight Line from $183.00 to $197.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Eight equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $206.29.

Insider Buying and Selling at Old Dominion Freight Line

In other Old Dominion Freight Line news, insider Earl E. Congdon sold 25,000 shares of Old Dominion Freight Line stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $196.13, for a total transaction of $4,903,250.00. Following the sale, the insider directly owned 2,162,113 shares of the company’s stock, valued at approximately $424,055,222.69. The trade was a 1.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman David S. Congdon sold 52,000 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $194.77, for a total value of $10,128,040.00. Following the completion of the sale, the chairman owned 712,800 shares in the company, valued at approximately $138,832,056. This represents a 6.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 102,241 shares of company stock worth $19,874,065. 10.00% of the stock is currently owned by company insiders.

Old Dominion Freight Line Profile

Old Dominion Freight Line is a U.S.-based less-than-truckload (LTL) transportation company that provides regional, inter-regional and national freight services. Founded in 1934 and headquartered in Thomasville, North Carolina, the company has grown from a regional carrier into a national freight network, operating a broad system of service centers and terminals to move shipments for shippers of varying sizes and industries.

The company’s core business is LTL trucking, offering scheduled pickup and delivery for palletized freight that does not require a full truckload.