Triumph Capital Management Takes $204,000 Position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Triumph Capital Management bought a new stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,159 shares of the transportation company’s stock, valued at approximately $204,000.

Other institutional investors also recently modified their holdings of the company. Avanza Fonder AB bought a new position in shares of Old Dominion Freight Line in the fourth quarter valued at approximately $3,741,000. AustralianSuper Pty Ltd bought a new stake in shares of Old Dominion Freight Line during the fourth quarter valued at approximately $128,221,000. Blueshift Asset Management LLC bought a new stake in shares of Old Dominion Freight Line during the fourth quarter valued at approximately $630,000. Reliant Investment Management LLC grew its stake in shares of Old Dominion Freight Line by 10.4% during the fourth quarter. Reliant Investment Management LLC now owns 21,850 shares of the transportation company’s stock valued at $3,854,000 after purchasing an additional 2,060 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Old Dominion Freight Line by 10.1% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 22,370 shares of the transportation company’s stock valued at $3,946,000 after purchasing an additional 2,053 shares during the last quarter. Institutional investors own 77.82% of the company’s stock.

Old Dominion Freight Line Trading Up 0.8%

ODFL opened at $171.28 on Friday. The firm’s fifty day moving average is $159.51 and its two-hundred day moving average is $183.58. 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 firm has a market cap of $36.20 billion, a PE ratio of 31.26, a price-to-earnings-growth ratio of 2.89 and a beta of 1.31. Old Dominion Freight Line, Inc. has a twelve month low of $144.90 and a twelve month high of $233.26.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its earnings results on Wednesday, April 23rd. The transportation company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.05. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.38 billion. Old Dominion Freight Line had a net margin of 20.40% and a return on equity of 28.02%. The business’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same period last year, the business posted $1.34 earnings per share. Equities research analysts anticipate that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current year.

Analyst Upgrades and Downgrades

ODFL has been the topic of several research analyst reports. Raymond James set a $185.00 price target on shares of Old Dominion Freight Line and gave the company an “outperform” rating in a research note on Thursday, April 24th. Stifel Nicolaus decreased their price target on shares of Old Dominion Freight Line from $188.00 to $175.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. StockNews.com cut shares of Old Dominion Freight Line from a “hold” rating to a “sell” rating in a research note on Saturday, March 29th. UBS Group decreased their price target on shares of Old Dominion Freight Line from $196.00 to $158.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Finally, Barclays decreased their price target on shares of Old Dominion Freight Line from $185.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $182.26.

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.