Snowden Capital Advisors LLC Has $575,000 Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Snowden Capital Advisors LLC increased its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 3.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,258 shares of the transportation company’s stock after purchasing an additional 98 shares during the quarter. Snowden Capital Advisors LLC’s holdings in Old Dominion Freight Line were worth $575,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AustralianSuper Pty Ltd acquired a new stake in Old Dominion Freight Line in the 4th quarter worth approximately $128,221,000. Blueshift Asset Management LLC acquired a new stake in Old Dominion Freight Line in the 4th quarter worth approximately $630,000. Ameriprise Financial Inc. lifted its holdings in Old Dominion Freight Line by 2.9% in the 4th quarter. Ameriprise Financial Inc. now owns 1,267,640 shares of the transportation company’s stock worth $223,281,000 after purchasing an additional 35,778 shares during the last quarter. Reliant Investment Management LLC lifted its holdings in Old Dominion Freight Line by 10.4% in the 4th quarter. Reliant Investment Management LLC now owns 21,850 shares of the transportation company’s stock worth $3,854,000 after purchasing an additional 2,060 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Old Dominion Freight Line by 10.1% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 22,370 shares of the transportation company’s stock worth $3,946,000 after purchasing an additional 2,053 shares during the last quarter. 77.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on the company. Jefferies Financial Group dropped their price target on Old Dominion Freight Line from $195.00 to $165.00 and set a “hold” rating on the stock in a research report on Wednesday, April 9th. Stifel Nicolaus dropped their price target on Old Dominion Freight Line from $188.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. UBS Group dropped their price target on Old Dominion Freight Line from $196.00 to $158.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th. Evercore ISI dropped their price target on 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. Finally, Morgan Stanley set a $185.00 price target on Old Dominion Freight Line in a research report on Wednesday, April 2nd. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $182.26.

Old Dominion Freight Line Stock Performance

Shares of NASDAQ:ODFL opened at $169.60 on Wednesday. The business’s fifty day moving average price is $159.78 and its two-hundred day moving average price is $183.15. Old Dominion Freight Line, Inc. has a fifty-two week low of $144.90 and a fifty-two week high of $233.26. The stock has a market capitalization of $35.84 billion, a price-to-earnings ratio of 30.95, a price-to-earnings-growth ratio of 2.89 and a beta of 1.31. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.33 and a quick ratio of 1.33.

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