DGS Capital Management LLC Sells 82 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

DGS Capital Management LLC cut its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 4.2% during the 4th quarter, HoldingsChannel reports. The firm owned 1,856 shares of the transportation company’s stock after selling 82 shares during the quarter. DGS Capital Management LLC’s holdings in Old Dominion Freight Line were worth $327,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC increased its position in shares of Old Dominion Freight Line by 5.3% in the 4th quarter. Brighton Jones LLC now owns 1,559 shares of the transportation company’s stock valued at $275,000 after buying an additional 79 shares in the last quarter. Capital Planning Advisors LLC increased its holdings in shares of Old Dominion Freight Line by 12.5% in the fourth quarter. Capital Planning Advisors LLC now owns 9,431 shares of the transportation company’s stock worth $1,664,000 after acquiring an additional 1,050 shares in the last quarter. Traynor Capital Management Inc. raised its position in shares of Old Dominion Freight Line by 5.8% during the fourth quarter. Traynor Capital Management Inc. now owns 6,421 shares of the transportation company’s stock worth $1,133,000 after purchasing an additional 351 shares during the period. Janney Montgomery Scott LLC raised its position in shares of Old Dominion Freight Line by 7.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 86,701 shares of the transportation company’s stock worth $15,294,000 after purchasing an additional 6,046 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in shares of Old Dominion Freight Line by 5.1% during the 4th quarter. SG Americas Securities LLC now owns 83,890 shares of the transportation company’s stock valued at $14,798,000 after purchasing an additional 4,076 shares in the last quarter. 77.82% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Leo H. Suggs sold 3,000 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $225.44, for a total transaction of $676,320.00. Following the sale, the director now owns 7,383 shares of the company’s stock, valued at $1,664,423.52. This trade represents a 28.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Greg C. Gantt sold 7,000 shares of the company’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $200.07, for a total value of $1,400,490.00. Following the completion of the transaction, the director now directly owns 97,890 shares of the company’s stock, valued at approximately $19,584,852.30. The trade was a 6.67 % decrease in their position. The disclosure for this sale can be found here. Insiders own 9.90% of the company’s stock.

Old Dominion Freight Line Stock Down 0.4 %

ODFL stock opened at $190.81 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.01. Old Dominion Freight Line, Inc. has a 52 week low of $165.49 and a 52 week high of $233.26. The company has a market cap of $40.74 billion, a PE ratio of 33.36, a price-to-earnings-growth ratio of 5.03 and a beta of 1.05. The business has a 50-day simple moving average of $196.26 and a 200 day simple moving average of $198.02.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.01. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Old Dominion Freight Line had a return on equity of 29.40% and a net margin of 21.03%. Old Dominion Freight Line’s revenue was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.54 EPS. Sell-side analysts anticipate that Old Dominion Freight Line, Inc. will post 5.42 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Bank of America dropped their target price on shares of Old Dominion Freight Line from $237.00 to $204.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Wells Fargo & Company dropped their target price on Old Dominion Freight Line from $195.00 to $185.00 and set an “underweight” rating on the stock in a report on Tuesday, January 7th. TD Cowen cut their price target on shares of Old Dominion Freight Line from $203.00 to $196.00 and set a “hold” rating for the company in a research note on Thursday, October 24th. Robert W. Baird reduced their target price on Old Dominion Freight Line from $204.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Finally, Argus downgraded shares of Old Dominion Freight Line from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $202.44.

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.