City Holding Co. Has $1.24 Million Stock Holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

City Holding Co. boosted its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,029 shares of the transportation company’s stock after purchasing an additional 125 shares during the period. City Holding Co.’s holdings in Old Dominion Freight Line were worth $1,240,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Delta Capital Management LLC lifted its stake in Old Dominion Freight Line by 6.3% in the fourth quarter. Delta Capital Management LLC now owns 3,054 shares of the transportation company’s stock valued at $539,000 after acquiring an additional 180 shares during the last quarter. J2 Capital Management Inc bought a new position in shares of Old Dominion Freight Line during the 4th quarter valued at $223,000. Brooklyn Investment Group lifted its stake in shares of Old Dominion Freight Line by 7.9% in the 4th quarter. Brooklyn Investment Group now owns 1,255 shares of the transportation company’s stock valued at $221,000 after purchasing an additional 92 shares during the last quarter. Merit Financial Group LLC bought a new stake in Old Dominion Freight Line in the fourth quarter worth $275,000. Finally, Avanza Fonder AB acquired a new position in Old Dominion Freight Line during the fourth quarter worth $3,741,000. Hedge funds and other institutional investors own 77.82% of the company’s stock.

Insider Buying and Selling at Old Dominion Freight Line

In other news, Director Leo H. Suggs sold 3,000 shares of Old Dominion Freight Line stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $225.44, for a total value of $676,320.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Greg C. Gantt sold 7,000 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $200.07, for a total value of $1,400,490.00. Following the sale, the director now owns 97,890 shares in the company, valued at approximately $19,584,852.30. This trade represents a 6.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 9.90% of the company’s stock.

Analyst Upgrades and Downgrades

ODFL has been the subject of a number of analyst reports. Wells Fargo & Company reduced their price target on Old Dominion Freight Line from $195.00 to $185.00 and set an “underweight” rating for the company in a research report on Tuesday, January 7th. Stifel Nicolaus reduced their target price on Old Dominion Freight Line from $178.00 to $176.00 and set a “hold” rating for the company in a report on Wednesday, January 15th. JPMorgan Chase & Co. increased their price target on Old Dominion Freight Line from $186.00 to $205.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Citigroup boosted their price objective on shares of Old Dominion Freight Line from $201.00 to $241.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 12th. Finally, Barclays lowered their target price on shares of Old Dominion Freight Line from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Friday. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $201.50.

Old Dominion Freight Line Price Performance

Shares of ODFL stock opened at $189.55 on Tuesday. The stock’s fifty day simple moving average is $198.84 and its 200 day simple moving average is $197.87. Old Dominion Freight Line, Inc. has a one year low of $165.49 and a one year high of $233.26. The firm has a market cap of $40.47 billion, a price-to-earnings ratio of 33.14, a P/E/G ratio of 3.40 and a beta of 1.05. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.33 and a quick ratio of 1.33.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its earnings results on Wednesday, October 23rd. The transportation company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.42 by $0.01. Old Dominion Freight Line had a net margin of 21.03% and a return on equity of 29.40%. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the company earned $1.54 EPS. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. On average, analysts expect that Old Dominion Freight Line, Inc. will post 5.42 earnings per share for the current fiscal year.

Old Dominion Freight Line Profile

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.