Old Dominion Freight Line Inc. (NASDAQ:ODFL) gapped down prior to trading 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 changing hands.

A number of equities research analysts have weighed in on ODFL shares. Cowen and Company upped their price target on shares of Old Dominion Freight Line from $65.00 to $69.00 and gave the company a “market perform” rating in a report on Friday, April 29th. Zacks Investment Research raised shares of Old Dominion Freight Line from a “sell” rating to a “hold” rating in a report on Friday, July 1st. Longbow Research reissued a “buy” rating on shares of Old Dominion Freight Line in a report on Thursday, June 2nd. Stifel Nicolaus downgraded shares of Old Dominion Freight Line from a “buy” rating to a “hold” rating in a report on Thursday, April 28th. Finally, Morgan Stanley reaffirmed a “buy” rating on shares of Old Dominion Freight Line in a research note on Saturday, April 30th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Old Dominion Freight Line presently has an average rating of “Hold” and an average target price of $66.63.

The firm’s 50-day moving average price is $61.21 and its 200 day moving average price is $62.72. The firm has a market cap of $5.44 billion and a P/E ratio of 18.31.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its earnings results on Thursday, April 28th. The company reported $0.72 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.76 by $0.04. The firm earned $707.70 million during the quarter, compared to the consensus estimate of $722.49 million. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.73 EPS. Analysts forecast that Old Dominion Freight Line Inc. will post $3.56 earnings per share for the current fiscal year.

In other news, Director Leo H. Suggs acquired 1,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the director now directly owns 6,800 shares in the company, valued at $428,400. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO David S. Congdon sold 2,200 shares of Old Dominion Freight Line stock in a transaction dated Tuesday, May 10th. The stock was 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.

A number of hedge funds have recently made changes to their positions in the company. J. Goldman & Co LP purchased a new stake in shares of Old Dominion Freight Line during the fourth quarter worth approximately $1,477,000. Tributary Capital Management LLC purchased a new stake in shares of Old Dominion Freight Line during the fourth quarter worth approximately $1,565,000. Whittier Trust Co. raised its stake in shares of 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 last quarter. TD Asset Management Inc. purchased a new stake in shares of Old Dominion Freight Line during the fourth quarter worth approximately $1,949,000. Finally, Liberty Mutual Group Asset Management Inc. raised its stake in shares of Old Dominion Freight Line by 51.4% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 45,083 shares of the company’s stock worth $2,663,000 after buying an additional 15,298 shares during the last quarter.

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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