First Trust Advisors LP lifted its position in shares of Old Dominion Freight Line (NASDAQ:ODFL) by 23.6% during the first quarter, Holdings Channel.com reports. The firm owned 147,529 shares of the transportation company’s stock after purchasing an additional 28,174 shares during the period. First Trust Advisors LP’s holdings in Old Dominion Freight Line were worth $19,365,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of ODFL. Ballast Advisors LLC purchased a new position in shares of Old Dominion Freight Line during the 1st quarter valued at $30,000. Cordasco Financial Network increased its position in shares of Old Dominion Freight Line by 49.7% during the 1st quarter. Cordasco Financial Network now owns 268 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 89 shares during the last quarter. Guardian Life Insurance Co. of America bought a new position in shares of Old Dominion Freight Line during the 4th quarter valued at about $36,000. Cohen & Steers Inc. increased its position in shares of Old Dominion Freight Line by 277.4% during the 4th quarter. Cohen & Steers Inc. now owns 200 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 147 shares during the last quarter. Finally, Truewealth LLC increased its position in shares of Old Dominion Freight Line by 49.7% during the 1st quarter. Truewealth LLC now owns 286 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 95 shares during the last quarter. 57.39% of the stock is currently owned by institutional investors.

ODFL has been the topic of several recent research reports. Cowen reduced their price target on Old Dominion Freight Line from $205.00 to $138.00 and set a “market perform” rating on the stock in a research report on Friday, April 24th. Morgan Stanley raised their price target on Old Dominion Freight Line from $145.00 to $154.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. Deutsche Bank raised their price target on Old Dominion Freight Line from $125.00 to $133.00 and gave the stock a “hold” rating in a research report on Monday, April 27th. KeyCorp raised their price target on Old Dominion Freight Line from $147.00 to $155.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Finally, Citigroup reduced their price target on Old Dominion Freight Line from $132.00 to $128.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 22nd. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $130.29.

Shares of Old Dominion Freight Line stock opened at $155.91 on Friday. The stock’s 50-day simple moving average is $140.93 and its 200-day simple moving average is $180.19. Old Dominion Freight Line has a 52 week low of $87.25 and a 52 week high of $158.47. The company has a market capitalization of $18.09 billion, a price-to-earnings ratio of 30.47, a PEG ratio of 3.54 and a beta of 1.02.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its quarterly earnings data on Thursday, April 23rd. The transportation company reported $1.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.01). The company had revenue of $987.36 million for the quarter, compared to analysts’ expectations of $982.15 million. Old Dominion Freight Line had a net margin of 14.99% and a return on equity of 20.85%. The company’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter last year, the company earned $1.64 earnings per share. Analysts forecast that Old Dominion Freight Line will post 4.57 earnings per share for the current year.

About Old Dominion Freight Line

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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