Fulton Breakefield Broenniman LLC lessened its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFLFree Report) by 5.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,453 shares of the transportation company’s stock after selling 132 shares during the quarter. Fulton Breakefield Broenniman LLC’s holdings in Old Dominion Freight Line were worth $433,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bensler LLC grew its holdings in shares of Old Dominion Freight Line by 7.0% during the fourth quarter. Bensler LLC now owns 44,476 shares of the transportation company’s stock worth $7,846,000 after buying an additional 2,923 shares in the last quarter. Stonegate Investment Group LLC grew its holdings in shares of Old Dominion Freight Line by 23.9% during the fourth quarter. Stonegate Investment Group LLC now owns 1,430 shares of the transportation company’s stock worth $252,000 after buying an additional 276 shares in the last quarter. Perigon Wealth Management LLC grew its holdings in shares of Old Dominion Freight Line by 18.1% during the fourth quarter. Perigon Wealth Management LLC now owns 1,938 shares of the transportation company’s stock worth $368,000 after buying an additional 297 shares in the last quarter. Fortitude Advisory Group L.L.C. grew its holdings in shares of Old Dominion Freight Line by 16.3% during the fourth quarter. Fortitude Advisory Group L.L.C. now owns 1,478 shares of the transportation company’s stock worth $261,000 after buying an additional 207 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its position in Old Dominion Freight Line by 7.3% in the fourth quarter. Pacer Advisors Inc. now owns 26,620 shares of the transportation company’s stock valued at $4,696,000 after buying an additional 1,815 shares during the last quarter. Hedge funds and other institutional investors own 77.82% of the company’s stock.

Insider Transactions at Old Dominion Freight Line

In other news, Director Leo H. Suggs sold 3,000 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $225.44, for a total transaction of $676,320.00. Following the completion of the sale, the director now owns 7,383 shares in the company, valued at approximately $1,664,423.52. The trade was a 28.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 9.90% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on ODFL shares. The Goldman Sachs Group upped their target price on shares of Old Dominion Freight Line from $213.00 to $235.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. increased their price target on shares of Old Dominion Freight Line from $186.00 to $205.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Susquehanna reissued a “neutral” rating and set a $195.00 price target (down previously from $218.00) on shares of Old Dominion Freight Line in a research report on Tuesday, January 7th. Bank of America reduced their price target on shares of Old Dominion Freight Line from $237.00 to $204.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, Argus cut shares of Old Dominion Freight Line from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $202.44.

View Our Latest Research Report on Old Dominion Freight Line

Old Dominion Freight Line Price Performance

Old Dominion Freight Line stock opened at $189.99 on Wednesday. Old Dominion Freight Line, Inc. has a one year low of $165.49 and a one year high of $233.26. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.33. The business has a fifty day moving average of $195.44 and a two-hundred day moving average of $198.18. The company has a market cap of $40.56 billion, a P/E ratio of 33.22, a price-to-earnings-growth ratio of 5.03 and a beta of 1.05.

About Old Dominion Freight Line

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding ODFL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Old Dominion Freight Line, Inc. (NASDAQ:ODFLFree Report).

SECFilingChart Fulton Breakefield Broenniman LLC Cuts Stock Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)



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