Candriam Luxembourg S.C.A. Has $5.62 Million Holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Candriam Luxembourg S.C.A. reduced its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFLGet Rating) by 11.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 15,687 shares of the transportation company’s stock after selling 2,038 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Old Dominion Freight Line were worth $5,622,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Ancora Advisors LLC bought a new position in shares of Old Dominion Freight Line in the third quarter worth about $29,000. Carroll Financial Associates Inc. acquired a new position in shares of Old Dominion Freight Line during the fourth quarter worth approximately $29,000. CVA Family Office LLC bought a new stake in shares of Old Dominion Freight Line in the fourth quarter valued at approximately $29,000. Pittenger & Anderson Inc. acquired a new stake in shares of Old Dominion Freight Line in the fourth quarter worth $37,000. Finally, Clearstead Advisors LLC increased its position in Old Dominion Freight Line by 1,828.6% during the third quarter. Clearstead Advisors LLC now owns 135 shares of the transportation company’s stock worth $39,000 after acquiring an additional 128 shares during the period. 77.86% of the stock is owned by hedge funds and other institutional investors.

Shares of ODFL opened at $236.47 on Thursday. The stock has a market cap of $26.80 billion, a P/E ratio of 24.15, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. Old Dominion Freight Line, Inc. has a 1 year low of $234.81 and a 1 year high of $373.58. The stock’s 50-day moving average price is $287.05 and its two-hundred day moving average price is $315.51. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.03.

Old Dominion Freight Line (NASDAQ:ODFLGet Rating) last issued its quarterly earnings data on Wednesday, April 27th. The transportation company reported $2.60 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $0.23. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.46 billion. Old Dominion Freight Line had a net margin of 20.17% and a return on equity of 32.41%. The firm’s quarterly revenue was up 32.9% on a year-over-year basis. During the same period last year, the business posted $1.70 earnings per share. As a group, equities analysts forecast that Old Dominion Freight Line, Inc. will post 11.29 EPS for the current year.

Several equities analysts recently issued reports on the company. Citigroup lowered their price target on Old Dominion Freight Line from $295.00 to $265.00 in a research note on Thursday. UBS Group cut their target price on Old Dominion Freight Line from $365.00 to $330.00 and set a “neutral” rating for the company in a research note on Thursday, February 3rd. Cowen lifted their price target on shares of Old Dominion Freight Line from $213.00 to $232.00 in a research note on Thursday, April 28th. Susquehanna increased their price objective on shares of Old Dominion Freight Line from $275.00 to $285.00 in a research note on Thursday, April 28th. Finally, Zacks Investment Research upgraded shares of Old Dominion Freight Line from a “hold” rating to a “buy” rating and set a $324.00 price target for the company in a research note on Monday, March 14th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $299.17.

Old Dominion Freight Line Profile (Get Rating)

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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