UniSuper Management Pty Ltd Raises Position in Old Dominion Freight Line, Inc. $ODFL

UniSuper Management Pty Ltd grew its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 19.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,196 shares of the transportation company’s stock after buying an additional 3,654 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Old Dominion Freight Line were worth $3,125,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Financial Gravity Companies Inc. purchased a new position in shares of Old Dominion Freight Line in the second quarter worth $26,000. Rossby Financial LCC purchased a new stake in Old Dominion Freight Line during the 2nd quarter valued at $28,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Old Dominion Freight Line by 175.7% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 193 shares of the transportation company’s stock worth $27,000 after buying an additional 123 shares during the last quarter. Chilton Capital Management LLC bought a new stake in shares of Old Dominion Freight Line in the second quarter worth $47,000. Finally, Blue Trust Inc. increased its position in shares of Old Dominion Freight Line by 65.5% during the 2nd quarter. Blue Trust Inc. now owns 412 shares of the transportation company’s stock valued at $67,000 after purchasing an additional 163 shares during the last quarter. Institutional investors own 77.82% of the company’s stock.

Old Dominion Freight Line Stock Down 0.2%

Shares of ODFL opened at $173.99 on Tuesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.20 and a quick ratio of 1.20. The stock has a market capitalization of $36.38 billion, a price-to-earnings ratio of 35.01, a price-to-earnings-growth ratio of 8.66 and a beta of 1.27. Old Dominion Freight Line, Inc. has a 1 year low of $126.01 and a 1 year high of $209.61. The business’s 50 day simple moving average is $156.87 and its 200-day simple moving average is $150.12.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its earnings results on Wednesday, October 29th. The transportation company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.06. Old Dominion Freight Line had a net margin of 18.97% and a return on equity of 24.92%. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same period last year, the firm posted $1.43 earnings per share. Old Dominion Freight Line’s revenue for the quarter was down 4.3% compared to the same quarter last year. As a group, equities analysts expect that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on ODFL. Benchmark reaffirmed a “hold” rating on shares of Old Dominion Freight Line in a report on Wednesday, December 3rd. Wall Street Zen upgraded shares of Old Dominion Freight Line from a “sell” rating to a “hold” rating in a research report on Sunday. Evercore ISI set a $150.00 price target on Old Dominion Freight Line and gave the stock an “in-line” rating in a research note on Monday, January 12th. Stifel Nicolaus upped their price objective on Old Dominion Freight Line from $173.00 to $188.00 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. Finally, Rothschild & Co Redburn started coverage on shares of Old Dominion Freight Line in a report on Wednesday, November 26th. They issued a “sell” rating and a $114.00 target price on the stock. Ten equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, Old Dominion Freight Line has an average rating of “Hold” and a consensus price target of $163.33.

Old Dominion Freight Line Company Profile

Old Dominion Freight Line is a U.S.-based less-than-truckload (LTL) transportation company that provides regional, inter-regional and national freight services. Founded in 1934 and headquartered in Thomasville, North Carolina, the company has grown from a regional carrier into a national freight network, operating a broad system of service centers and terminals to move shipments for shippers of varying sizes and industries.

The company’s core business is LTL trucking, offering scheduled pickup and delivery for palletized freight that does not require a full truckload.