Vanguard Personalized Indexing Management LLC Lowers Stock Holdings in Old Dominion Freight Line, Inc. $ODFL

Vanguard Personalized Indexing Management LLC lowered its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 15.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,026 shares of the transportation company’s stock after selling 4,933 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Old Dominion Freight Line were worth $3,805,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC boosted its stake in Old Dominion Freight Line by 5.3% in the fourth quarter. Brighton Jones LLC now owns 1,559 shares of the transportation company’s stock worth $275,000 after buying an additional 79 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Old Dominion Freight Line by 134.9% during the first quarter. Empowered Funds LLC now owns 10,213 shares of the transportation company’s stock worth $1,690,000 after acquiring an additional 5,866 shares in the last quarter. Perigon Wealth Management LLC lifted its holdings in shares of Old Dominion Freight Line by 8.1% in the 2nd quarter. Perigon Wealth Management LLC now owns 2,150 shares of the transportation company’s stock worth $349,000 after acquiring an additional 161 shares during the last quarter. GC Wealth Management RIA LLC purchased a new stake in shares of Old Dominion Freight Line in the 2nd quarter valued at $275,000. Finally, Union Bancaire Privee UBP SA purchased a new stake in shares of Old Dominion Freight Line in the 2nd quarter valued at $319,000. 77.82% of the stock is currently owned by institutional investors.

Old Dominion Freight Line Trading Down 1.0%

NASDAQ ODFL opened at $172.72 on Thursday. Old Dominion Freight Line, Inc. has a fifty-two week low of $126.01 and a fifty-two week high of $209.61. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.20 and a current ratio of 1.20. The stock has a 50 day simple moving average of $158.65 and a two-hundred day simple moving average of $150.32. The stock has a market cap of $36.12 billion, a P/E ratio of 34.75, a price-to-earnings-growth ratio of 8.67 and a beta of 1.27.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its earnings results on Wednesday, October 29th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.06. The firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Old Dominion Freight Line had a return on equity of 24.92% and a net margin of 18.97%.The business’s revenue was down 4.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.43 earnings per share. On average, analysts forecast that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on ODFL shares. JPMorgan Chase & Co. boosted their price target on shares of Old Dominion Freight Line from $142.00 to $150.00 and gave the stock a “neutral” rating in a research note on Monday, January 12th. The Goldman Sachs Group lifted their price objective on Old Dominion Freight Line from $181.00 to $182.00 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Wells Fargo & Company lowered their target price on Old Dominion Freight Line from $145.00 to $138.00 and set an “underweight” rating for the company in a research note on Thursday, October 30th. Raymond James Financial raised their price target on Old Dominion Freight Line from $155.00 to $180.00 and gave the stock an “outperform” rating in a research report on Monday, January 12th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Old Dominion Freight Line in a research note on Wednesday, October 8th. Ten equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, Old Dominion Freight Line currently has an average rating of “Hold” and an average 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.