LRI Investments LLC Purchases 154 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

LRI Investments LLC raised its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 72.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 368 shares of the transportation company’s stock after purchasing an additional 154 shares during the period. LRI Investments LLC’s holdings in Old Dominion Freight Line were worth $65,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Laird Norton Wetherby Wealth Management LLC boosted its holdings in Old Dominion Freight Line by 8.2% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 4,222 shares of the transportation company’s stock valued at $745,000 after purchasing an additional 320 shares during the period. Janus Henderson Group PLC boosted its holdings in Old Dominion Freight Line by 2.5% in the 4th quarter. Janus Henderson Group PLC now owns 23,241 shares of the transportation company’s stock valued at $4,102,000 after purchasing an additional 570 shares during the period. Jefferies Financial Group Inc. bought a new position in Old Dominion Freight Line in the 4th quarter valued at $1,127,000. Hudson Bay Capital Management LP bought a new position in Old Dominion Freight Line in the 4th quarter valued at $17,031,000. Finally, Focus Partners Wealth boosted its holdings in Old Dominion Freight Line by 8.7% in the 4th quarter. Focus Partners Wealth now owns 27,906 shares of the transportation company’s stock valued at $4,953,000 after purchasing an additional 2,240 shares during the period. 77.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on ODFL. Evercore ISI lowered their price objective on shares of Old Dominion Freight Line from $164.00 to $156.00 and set an “in-line” rating on the stock in a research report on Thursday, April 24th. Barclays lowered their price objective on shares of Old Dominion Freight Line from $185.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 24th. Citigroup upgraded shares of Old Dominion Freight Line from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $186.00 to $183.00 in a research report on Tuesday, April 8th. Wells Fargo & Company set a $150.00 price objective on shares of Old Dominion Freight Line and gave the company an “underweight” rating in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Old Dominion Freight Line from $174.00 to $158.00 and set a “neutral” rating on the stock in a research report on Thursday, April 24th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Old Dominion Freight Line has an average rating of “Hold” and an average price target of $183.37.

Old Dominion Freight Line Price Performance

ODFL stock opened at $171.34 on Wednesday. The firm’s 50-day moving average price is $159.74 and its two-hundred day moving average price is $184.23. Old Dominion Freight Line, Inc. has a 12-month low of $144.90 and a 12-month high of $233.26. The stock has a market capitalization of $36.21 billion, a price-to-earnings ratio of 31.27, a PEG ratio of 2.89 and a beta of 1.31. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01.

Old Dominion Freight Line (NASDAQ:ODFL) last released its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.05. Old Dominion Freight Line had a net margin of 20.40% and a return on equity of 28.02%. The firm had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the previous year, the company earned $1.34 earnings per share. The company’s revenue for the quarter was down 5.8% compared to the same quarter last year. As a group, equities analysts predict that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current year.

About Old Dominion Freight Line

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