Massmutual Trust Co. FSB ADV Has $2.26 Million Stake in Old Dominion Freight Line (ODFL)

Massmutual Trust Co. FSB ADV raised its position in shares of Old Dominion Freight Line (NASDAQ:ODFL) by 4.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,281 shares of the transportation company’s stock after purchasing an additional 834 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Old Dominion Freight Line were worth $2,258,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Oregon Public Employees Retirement Fund boosted its holdings in Old Dominion Freight Line by 9,888.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,182,730 shares of the transportation company’s stock worth $34,000 after purchasing an additional 4,140,856 shares in the last quarter. Capital International Investors bought a new stake in Old Dominion Freight Line during the third quarter valued at about $419,457,000. FMR LLC raised its position in shares of Old Dominion Freight Line by 43.9% during the fourth quarter. FMR LLC now owns 592,740 shares of the transportation company’s stock valued at $73,198,000 after buying an additional 180,936 shares during the last quarter. Vanguard Group Inc raised its position in shares of Old Dominion Freight Line by 2.4% during the third quarter. Vanguard Group Inc now owns 6,456,920 shares of the transportation company’s stock valued at $1,041,243,000 after buying an additional 153,943 shares during the last quarter. Finally, Parnassus Investments CA acquired a new position in shares of Old Dominion Freight Line during the fourth quarter valued at about $18,017,000. 72.66% of the stock is currently owned by institutional investors.

In other news, SVP David J. Bates sold 1,951 shares of the stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $151.84, for a total transaction of $296,239.84. Following the sale, the senior vice president now directly owns 6,027 shares of the company’s stock, valued at $915,139.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 12.00% of the stock is owned by corporate insiders.

Old Dominion Freight Line stock traded down $1.85 during trading hours on Friday, hitting $155.23. 469,530 shares of the stock were exchanged, compared to its average volume of 417,308. Old Dominion Freight Line has a 12 month low of $115.00 and a 12 month high of $170.22. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $12.59 billion, a price-to-earnings ratio of 21.03, a P/E/G ratio of 2.28 and a beta of 1.44.

Old Dominion Freight Line (NASDAQ:ODFL) last released its quarterly earnings results on Thursday, February 7th. The transportation company reported $1.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.74 by $0.21. Old Dominion Freight Line had a net margin of 14.98% and a return on equity of 23.90%. The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the prior year, the firm earned $2.39 earnings per share. Old Dominion Freight Line’s revenue was up 15.2% compared to the same quarter last year. As a group, equities research analysts predict that Old Dominion Freight Line will post 7.94 EPS for the current year.

A number of research analysts have recently commented on ODFL shares. Seaport Global Securities reaffirmed a “buy” rating on shares of Old Dominion Freight Line in a research report on Friday, April 5th. Zacks Investment Research raised shares of Old Dominion Freight Line from a “hold” rating to a “buy” rating and set a $158.00 price objective for the company in a research report on Monday, March 11th. Credit Suisse Group reaffirmed a “buy” rating and set a $147.00 price objective on shares of Old Dominion Freight Line in a research report on Tuesday, January 15th. BidaskClub raised shares of Old Dominion Freight Line from a “sell” rating to a “hold” rating in a research report on Saturday, January 19th. Finally, Cowen increased their price target on shares of Old Dominion Freight Line from $133.00 to $142.00 and gave the stock a “market perform” rating in a research report on Thursday, February 7th. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $149.20.

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Old Dominion Freight Line Company Profile

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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