Key Points
- Director Greg Gantt sold 22,107 shares on May 4 at an average price of $191.52 for a total of $4,233,932.64, reducing his stake by 19.98% to 88,551 shares valued at about $16.96M.
- Quarterly results (reported April 29) showed $1.14 EPS versus $1.05 expected and $1.33B revenue versus $1.31B expected, but revenue was down 2.9% year-over-year and EPS declined from $1.19 a year earlier.
- The stock carries a market cap of $40.84B and a P/E of 41.02, trades in a 12‑month range of $126.01–$233.79, and has a MarketBeat consensus "Hold" rating with a $206.46 price target.
Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Get Free Report) Director Greg Gantt sold 22,107 shares of the company's stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $191.52, for a total value of $4,233,932.64. Following the completion of the transaction, the director directly owned 88,551 shares of the company's stock, valued at approximately $16,959,287.52. This trade represents a 19.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Old Dominion Freight Line Stock Up 2.0%
Old Dominion Freight Line stock opened at $196.08 on Wednesday. The business has a 50 day moving average price of $200.89 and a two-hundred day moving average price of $173.82. The stock has a market cap of $40.84 billion, a price-to-earnings ratio of 41.02, a price-to-earnings-growth ratio of 3.93 and a beta of 1.17. Old Dominion Freight Line, Inc. has a 12 month low of $126.01 and a 12 month high of $233.79.
Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.14 EPS for the quarter, beating the consensus estimate of $1.05 by $0.09. The firm had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.31 billion. Old Dominion Freight Line had a return on equity of 23.42% and a net margin of 18.46%.The company's revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.19 EPS. On average, analysts expect that Old Dominion Freight Line, Inc. will post 5.32 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Old Dominion Freight Line
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bogart Wealth LLC increased its holdings in Old Dominion Freight Line by 9.9% during the 1st quarter. Bogart Wealth LLC now owns 511 shares of the transportation company's stock valued at $100,000 after purchasing an additional 46 shares in the last quarter. Private Advisor Group LLC increased its holdings in Old Dominion Freight Line by 1.3% during the 1st quarter. Private Advisor Group LLC now owns 4,164 shares of the transportation company's stock valued at $814,000 after purchasing an additional 55 shares in the last quarter. Keybank National Association OH increased its position in Old Dominion Freight Line by 2.3% in the 1st quarter. Keybank National Association OH now owns 2,450 shares of the transportation company's stock valued at $479,000 after acquiring an additional 56 shares in the last quarter. Deseret Mutual Benefit Administrators raised its stake in shares of Old Dominion Freight Line by 9.7% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 645 shares of the transportation company's stock worth $101,000 after acquiring an additional 57 shares during the last quarter. Finally, Verdence Capital Advisors LLC raised its stake in shares of Old Dominion Freight Line by 1.2% in the fourth quarter. Verdence Capital Advisors LLC now owns 5,181 shares of the transportation company's stock worth $812,000 after acquiring an additional 60 shares during the last quarter. 77.82% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research firms have commented on ODFL. Robert W. Baird set a $229.00 price target on Old Dominion Freight Line and gave the company a "neutral" rating in a report on Tuesday, April 28th. Wall Street Zen raised Old Dominion Freight Line from a "sell" rating to a "hold" rating in a report on Sunday, January 25th. Stephens reissued an "overweight" rating and issued a $240.00 target price (up from $232.00) on shares of Old Dominion Freight Line in a report on Thursday, April 30th. Raymond James Financial reissued an "outperform" rating and issued a $224.00 target price on shares of Old Dominion Freight Line in a report on Thursday, April 30th. Finally, Rothschild & Co Redburn increased their target price on Old Dominion Freight Line from $114.00 to $176.00 and gave the stock a "sell" rating in a report on Friday, February 6th. Eight analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $206.46.
View Our Latest Research Report on Old Dominion Freight Line
Old Dominion Freight Line Company Profile
(
Get Free Report)
Old Dominion Freight Line is a U.S.-based less-than-truckload (LTL) transportation company that provides regional, inter-regional and national freight services. Founded in 1934 and headquartered in Thomasville, North Carolina, the company has grown from a regional carrier into a national freight network, operating a broad system of service centers and terminals to move shipments for shippers of varying sizes and industries.
The company's core business is LTL trucking, offering scheduled pickup and delivery for palletized freight that does not require a full truckload.
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