Shares of Old Dominion Freight Line Inc. (NASDAQ:ODFL) rose 3.4% during trading on Friday . The stock traded as high as $67.22 and last traded at $67.10, with a volume of 411,509 shares. The stock had previously closed at $64.87.

ODFL has been the topic of several research analyst reports. Stifel Nicolaus downgraded shares of Old Dominion Freight Line from a “buy” rating to a “hold” rating in a report on Thursday, April 28th. Cowen and Company lifted their price objective 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. Morgan Stanley reiterated a “buy” rating on shares of Old Dominion Freight Line in a report on Saturday, April 30th. Zacks Investment Research downgraded shares of Old Dominion Freight Line from a “hold” rating to a “sell” rating in a report on Wednesday, May 4th. Finally, Longbow Research reiterated a “buy” rating on shares of Old Dominion Freight Line in a report on Thursday, June 2nd. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $66.63.

The stock has a market capitalization of $5.62 billion and a price-to-earnings ratio of 18.90. The firm’s 50-day moving average is $61.39 and its 200-day moving average is $62.87.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings results on Thursday, April 28th. The company reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by $0.04. The business earned $707.70 million during the quarter, compared to analysts’ expectations of $722.49 million. During the same quarter last year, the firm earned $0.73 EPS. The business’s quarterly revenue was up 1.6% on a year-over-year basis. Equities analysts anticipate that Old Dominion Freight Line Inc. will post $3.55 EPS for the current fiscal year.

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

Several institutional investors have bought and sold shares of the company. Vanguard Group Inc. boosted its position in Old Dominion Freight Line by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 4,381,250 shares of the company’s stock worth $258,800,000 after buying an additional 67,189 shares during the last quarter. 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 last quarter. 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 last quarter. Eagle Asset Management boosted its position in Old Dominion Freight Line by 160.6% in the third quarter. Eagle Asset Management now owns 437,676 shares of the company’s stock worth $26,698,000 after buying an additional 269,725 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its position in Old Dominion Freight Line by 0.4% in the fourth quarter. New York State Common Retirement Fund now owns 271,857 shares of the company’s stock worth $16,059,000 after buying an additional 1,191 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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