Canal Capital Management LLC lifted its holdings in Old Dominion Freight Line (NASDAQ:ODFL) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 102,189 shares of the transportation company’s stock after buying an additional 442 shares during the period. Old Dominion Freight Line comprises 9.8% of Canal Capital Management LLC’s holdings, making the stock its largest holding. Canal Capital Management LLC owned approximately 0.13% of Old Dominion Freight Line worth $19,394,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in Old Dominion Freight Line by 0.5% in the second quarter. Vanguard Group Inc. now owns 6,543,803 shares of the transportation company’s stock valued at $976,728,000 after acquiring an additional 30,143 shares in the last quarter. BlackRock Inc. grew its holdings in Old Dominion Freight Line by 0.3% during the 2nd quarter. BlackRock Inc. now owns 6,297,799 shares of the transportation company’s stock valued at $940,009,000 after purchasing an additional 21,585 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Old Dominion Freight Line by 5.0% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,812,633 shares of the transportation company’s stock valued at $569,076,000 after purchasing an additional 182,449 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Old Dominion Freight Line by 41.5% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 3,044,772 shares of the transportation company’s stock valued at $454,463,000 after purchasing an additional 893,099 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in Old Dominion Freight Line by 17.7% during the 2nd quarter. Invesco Ltd. now owns 652,632 shares of the transportation company’s stock valued at $97,413,000 after purchasing an additional 98,214 shares during the last quarter. Hedge funds and other institutional investors own 75.47% of the company’s stock.

In other news, Chairman Earl E. Congdon sold 23,500 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $181.94, for a total value of $4,275,590.00. Following the completion of the sale, the chairman now owns 10,854 shares of the company’s stock, valued at approximately $1,974,776.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 11.90% of the stock is currently owned by corporate insiders.

Shares of ODFL traded down $3.02 during mid-day trading on Tuesday, hitting $205.42. The company’s stock had a trading volume of 485,279 shares, compared to its average volume of 583,497. The company’s 50-day moving average is $191.12 and its 200-day moving average is $176.15. Old Dominion Freight Line has a 52-week low of $127.06 and a 52-week high of $210.18. The firm has a market capitalization of $16.64 billion, a price-to-earnings ratio of 26.34, a PEG ratio of 3.02 and a beta of 1.49. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.02.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its quarterly earnings results on Thursday, October 24th. The transportation company reported $2.05 earnings per share for the quarter, missing the consensus estimate of $2.11 by ($0.06). Old Dominion Freight Line had a return on equity of 22.62% and a net margin of 15.29%. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the previous year, the company posted $2.12 EPS. Old Dominion Freight Line’s revenue for the quarter was down .9% on a year-over-year basis. As a group, sell-side analysts predict that Old Dominion Freight Line will post 7.64 earnings per share for the current fiscal year.

Several equities analysts recently commented on ODFL shares. Argus upped their price target on shares of Old Dominion Freight Line to $205.00 and gave the company a “positive” rating in a report on Tuesday, October 29th. Citigroup set a $185.00 price target on shares of Old Dominion Freight Line and gave the company a “hold” rating in a report on Friday, October 25th. KeyCorp reiterated an “overweight” rating on shares of Old Dominion Freight Line in a report on Friday, October 25th. Bank of America upped their price target on shares of Old Dominion Freight Line from $172.00 to $175.00 and gave the company an “underperform” rating in a report on Wednesday, December 4th. Finally, BidaskClub upgraded shares of Old Dominion Freight Line from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. Old Dominion Freight Line has an average rating of “Hold” and a consensus target price of $172.69.

Old Dominion Freight Line Profile

Old Dominion Freight Line, Inc operates as a less-than-truckload (LTL) motor carrier in the United States and North America. It provides regional, inter-regional, and national LTL services, including expedited transportation. The company also offers various value-added services, such as container drayage, truckload brokerage, and supply chain consulting.

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Institutional Ownership by Quarter for Old Dominion Freight Line (NASDAQ:ODFL)

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