Old Dominion Freight Line Inc. (NASDAQ:ODFL) gapped down before the market opened on Thursday . The stock had previously closed at $63.16, but opened at $63.61. Old Dominion Freight Line shares last traded at $64.70, with a volume of 250,345 shares traded.

A number of brokerages have issued reports on ODFL. Morgan Stanley reaffirmed a “buy” rating on shares of Old Dominion Freight Line in a research report on Saturday, April 30th. Stifel Nicolaus cut Old Dominion Freight Line from a “buy” rating to a “hold” rating in a research report on Thursday, April 28th. Zacks Investment Research cut Old Dominion Freight Line from a “hold” rating to a “sell” rating in a research report on Wednesday, May 4th. Longbow Research reissued a “buy” rating on shares of Old Dominion Freight Line in a research report on Thursday, June 2nd. Finally, Cowen and Company increased their price objective on Old Dominion Freight Line from $65.00 to $69.00 and gave the company a “market perform” rating in a research report on Friday, April 29th. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $66.63.

The stock has a market capitalization of $5.43 billion and a price-to-earnings ratio of 18.27. The company’s 50-day moving average price is $61.17 and its 200 day moving average price is $62.68.

Old Dominion Freight Line (NASDAQ:ODFL) last released its earnings results on Thursday, April 28th. The company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by $0.04. During the same period last year, the firm posted $0.73 EPS. The firm earned $707.70 million during the quarter, compared to analysts’ expectations of $722.49 million. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. Equities research analysts predict that Old Dominion Freight Line Inc. will post $3.56 EPS for the current fiscal year.

In related news, Director Leo H. Suggs bought 1,000 shares of the business’s stock in a transaction dated Thursday, May 5th. The stock was purchased at an average cost of $63.00 per share, for a total transaction of $63,000.00. Following the transaction, the director now owns 6,800 shares in the company, valued at approximately $428,400. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO David S. Congdon sold 2,200 shares of the company’s stock in a transaction on Tuesday, May 10th. The shares were sold at an average price of $65.41, for a total value of $143,902.00. The disclosure for this sale can be found here.

Several institutional investors have bought and sold shares of ODFL. Atlantic Trust Group LLC boosted its position in Old Dominion Freight Line by 111.7% in the fourth quarter. Atlantic Trust Group LLC now owns 1,739,134 shares of the company’s stock worth $102,731,000 after buying an additional 917,615 shares during the period. J. Goldman & Co LP acquired a new position in Old Dominion Freight Line during the fourth quarter worth approximately $1,477,000. Victory Capital Management Inc. boosted its position in Old Dominion Freight Line by 26.4% in the fourth quarter. Victory Capital Management Inc. now owns 2,045,072 shares of the company’s stock worth $120,802,000 after buying an additional 426,739 shares during the period. Whittier Trust Co. boosted its position in Old Dominion Freight Line by 1.1% in the fourth quarter. Whittier Trust Co. now owns 29,040 shares of the company’s stock worth $1,715,000 after buying an additional 302 shares during the period. Finally, Principal Financial Group Inc. boosted its position in Old Dominion Freight Line by 1.4% in the fourth quarter. Principal Financial Group Inc. now owns 222,372 shares of the company’s stock worth $13,135,000 after buying an additional 3,090 shares during the period.

Old Dominion Freight Line, Inc is a less-than-truckload (LTL), union-free motor carrier company. The Company provides regional, inter-regional and national LTL services, which include ground and air expedited transportation, and consumer household pickup and delivery. The Company offers a range of other services that include container drayage, truckload brokerage, supply chain consulting and warehousing.

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