HL Financial Services LLC raised its stake in Old Dominion Freight Line Inc. (NASDAQ:ODFL) by 0.9% during the second quarter, Holdings Channel reports. The firm owned 42,836 shares of the company’s stock after buying an additional 388 shares during the period. HL Financial Services LLC’s holdings in Old Dominion Freight Line were worth $2,583,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Old Dominion Freight Line during the fourth quarter valued at approximately $43,371,000. Apex Capital Management increased its position in shares of Old Dominion Freight Line by 1.7% in the first quarter. Apex Capital Management now owns 980,152 shares of the company’s stock valued at $68,238,000 after buying an additional 16,537 shares during the last quarter. Aperio Group LLC increased its position in shares of Old Dominion Freight Line by 23.8% in the first quarter. Aperio Group LLC now owns 16,403 shares of the company’s stock valued at $1,142,000 after buying an additional 3,156 shares during the last quarter. Nisa Investment Advisors L.L.C. increased its position in shares of Old Dominion Freight Line by 5.2% in the first quarter. Nisa Investment Advisors L.L.C. now owns 38,500 shares of the company’s stock valued at $2,680,000 after buying an additional 1,900 shares during the last quarter. Finally, Virginia Retirement System purchased a new position in shares of Old Dominion Freight Line during the first quarter valued at approximately $1,657,000. 76.82% of the stock is owned by institutional investors.

Shares of Old Dominion Freight Line Inc. (NASDAQ:ODFL) traded up 0.80% during trading on Wednesday, reaching $68.19. 384,598 shares of the company were exchanged. Old Dominion Freight Line Inc. has a 1-year low of $48.92 and a 1-year high of $72.45. The company has a market capitalization of $5.65 billion, a price-to-earnings ratio of 19.31 and a beta of 1.25. The stock’s 50 day moving average is $69.54 and its 200 day moving average is $66.23.

Old Dominion Freight Line (NASDAQ:ODFL) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.03. The firm earned $755.40 million during the quarter, compared to analyst estimates of $754.33 million. Old Dominion Freight Line had a return on equity of 17.61% and a net margin of 10.02%. The business’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.00 earnings per share. Equities analysts anticipate that Old Dominion Freight Line Inc. will post $3.54 earnings per share for the current year.

Several research analysts have commented on the stock. Deutsche Bank AG raised their price target on shares of Old Dominion Freight Line from $67.00 to $71.00 and gave the company a “hold” rating in a report on Friday, July 29th. Zacks Investment Research raised shares of Old Dominion Freight Line from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 2nd. Cowen and Company raised their price target on shares of Old Dominion Freight Line from $63.00 to $73.00 and gave the company a “market perform” rating in a report on Thursday, July 28th. Finally, Longbow Research reissued a “buy” rating on shares of Old Dominion Freight Line in a report on Thursday, June 2nd. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $68.00.

In other news, insider Jeffrey W. Congdon sold 24,555 shares of the company’s stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of $69.84, for a total value of $1,714,921.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman David S. Congdon sold 1,660 shares of the company’s stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $69.77, for a total value of $115,818.20. Following the completion of the transaction, the insider now directly owns 5,334 shares of the company’s stock, valued at approximately $372,153.18. The disclosure for this sale can be found here. 14.60% of the stock is owned by insiders.

Old Dominion Freight Line Company Profile

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.

5 Day Chart for NASDAQ:ODFL

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