Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Stock Holdings Increased by Milestone Asset Management LLC

Milestone Asset Management LLC grew its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 50.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,475 shares of the transportation company’s stock after purchasing an additional 3,866 shares during the quarter. Milestone Asset Management LLC’s holdings in Old Dominion Freight Line were worth $2,024,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC bought a new position in shares of Old Dominion Freight Line during the third quarter valued at approximately $45,000. Brown Brothers Harriman & Co. grew its holdings in shares of Old Dominion Freight Line by 398.1% during the third quarter. Brown Brothers Harriman & Co. now owns 269 shares of the transportation company’s stock valued at $53,000 after purchasing an additional 215 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Old Dominion Freight Line during the third quarter valued at approximately $64,000. Northwest Investment Counselors LLC bought a new position in shares of Old Dominion Freight Line during the third quarter valued at approximately $67,000. Finally, Quarry LP bought a new position in shares of Old Dominion Freight Line during the second quarter valued at approximately $60,000. 77.82% of the stock is owned by institutional investors.

Insider Activity

In other Old Dominion Freight Line news, Director Leo H. Suggs sold 3,000 shares of the firm’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 transaction, the director now directly owns 7,383 shares in the company, valued at $1,664,423.52. This trade represents a 28.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 9.90% of the stock is owned by insiders.

Old Dominion Freight Line Trading Down 2.2 %

NASDAQ:ODFL opened at $185.84 on Thursday. 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 company has a market capitalization of $39.68 billion, a P/E ratio of 32.49, a P/E/G ratio of 5.03 and a beta of 1.05. The stock’s 50 day moving average price is $194.87 and its 200 day moving average price is $198.10. Old Dominion Freight Line, Inc. has a 52 week low of $165.49 and a 52 week high of $233.26.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ODFL shares. Bank of America reduced their price objective on Old Dominion Freight Line from $237.00 to $204.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Robert W. Baird reduced their price objective on Old Dominion Freight Line from $204.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. BMO Capital Markets decreased their price target on Old Dominion Freight Line from $210.00 to $205.00 and set a “market perform” rating for the company in a research note on Thursday, October 24th. Wells Fargo & Company decreased 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 note on Tuesday, January 7th. Finally, Susquehanna reaffirmed a “neutral” rating and set a $195.00 price target (down from $218.00) on shares of Old Dominion Freight Line in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Old Dominion Freight Line presently has a consensus rating of “Hold” and an average target price of $202.44.

About Old Dominion Freight Line

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.