Old Dominion Freight Line (ODFL) Shares Bought by Gillespie Robinson & Grimm Inc.

Gillespie Robinson & Grimm Inc. increased its stake in shares of Old Dominion Freight Line (NASDAQ:ODFL) by 5.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 199,605 shares of the transportation company’s stock after buying an additional 9,910 shares during the quarter. Old Dominion Freight Line comprises 3.5% of Gillespie Robinson & Grimm Inc.’s holdings, making the stock its 10th largest position. Gillespie Robinson & Grimm Inc. owned 0.25% of Old Dominion Freight Line worth $28,821,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Capital Investment Advisory Services LLC purchased a new stake in shares of Old Dominion Freight Line in the 4th quarter valued at $29,000. Oregon Public Employees Retirement Fund raised its holdings in shares of Old Dominion Freight Line by 9,888.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,182,730 shares of the transportation company’s stock valued at $34,000 after buying an additional 4,140,856 shares during the period. Ranger Investment Management L.P. purchased a new stake in shares of Old Dominion Freight Line in the 4th quarter valued at $36,000. JOYN Advisors Inc. raised its holdings in shares of Old Dominion Freight Line by 58.2% in the 4th quarter. JOYN Advisors Inc. now owns 299 shares of the transportation company’s stock valued at $37,000 after buying an additional 110 shares during the period. Finally, Valeo Financial Advisors LLC purchased a new stake in shares of Old Dominion Freight Line in the 1st quarter valued at $42,000. Hedge funds and other institutional investors own 72.85% of the company’s stock.

Several equities research analysts recently issued reports on ODFL shares. BidaskClub upgraded Old Dominion Freight Line from a “sell” rating to a “hold” rating in a report on Saturday, January 19th. KeyCorp boosted their price objective on Old Dominion Freight Line from $150.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, February 8th. Zacks Investment Research cut Old Dominion Freight Line from a “hold” rating to a “sell” rating in a research note on Tuesday, February 5th. Bank of America cut Old Dominion Freight Line from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $154.00 to $158.00 in a research note on Tuesday, February 26th. Finally, Credit Suisse Group reissued a “buy” rating and set a $147.00 target price on shares of Old Dominion Freight Line in a research note on Tuesday, January 15th. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $149.20.

In other news, SVP David J. Bates sold 1,951 shares of the company’s stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $151.84, for a total transaction of $296,239.84. Following the completion of the transaction, the senior vice president now directly owns 6,027 shares of the company’s stock, valued at approximately $915,139.68. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 12.00% of the company’s stock.

NASDAQ:ODFL opened at $153.29 on Friday. The stock has a market cap of $12.44 billion, a PE ratio of 20.77, a price-to-earnings-growth ratio of 2.18 and a beta of 1.43. Old Dominion Freight Line has a 1 year low of $115.00 and a 1 year high of $170.22. The company has a quick ratio of 1.98, a current ratio of 2.19 and a debt-to-equity ratio of 0.02.

Old Dominion Freight Line (NASDAQ:ODFL) last released its quarterly earnings data on Thursday, April 25th. The transportation company reported $1.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.58 by $0.06. The business had revenue of $990.78 million during the quarter, compared to analysts’ expectations of $1 billion. Old Dominion Freight Line had a return on equity of 23.87% and a net margin of 15.32%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.33 EPS. As a group, research analysts forecast that Old Dominion Freight Line will post 7.97 earnings per share for the current year.

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About Old Dominion Freight Line

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.

Further Reading: Analyst Ratings Trading

Institutional Ownership by Quarter for Old Dominion Freight Line (NASDAQ:ODFL)

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