Thrivent Financial for Lutherans Sells 21,347 Shares of Old Dominion Freight Line, Inc. $ODFL

Thrivent Financial for Lutherans lessened its holdings in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 2.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 738,229 shares of the transportation company’s stock after selling 21,347 shares during the period. Thrivent Financial for Lutherans owned 0.35% of Old Dominion Freight Line worth $103,928,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Keybank National Association OH grew its stake in shares of Old Dominion Freight Line by 14.2% during the third quarter. Keybank National Association OH now owns 1,442 shares of the transportation company’s stock worth $203,000 after purchasing an additional 179 shares during the period. National Pension Service boosted its holdings in Old Dominion Freight Line by 2.9% during the third quarter. National Pension Service now owns 276,609 shares of the transportation company’s stock worth $38,941,000 after buying an additional 7,676 shares during the last quarter. Winnow Wealth LLC bought a new position in Old Dominion Freight Line during the third quarter worth about $107,000. AlphaQuest LLC acquired a new position in shares of Old Dominion Freight Line during the 3rd quarter worth about $206,000. Finally, Arizona State Retirement System increased its stake in shares of Old Dominion Freight Line by 0.5% in the 3rd quarter. Arizona State Retirement System now owns 56,172 shares of the transportation company’s stock valued at $7,908,000 after acquiring an additional 307 shares during the last quarter. Institutional investors own 77.82% of the company’s stock.

Old Dominion Freight Line Price Performance

Shares of NASDAQ ODFL opened at $173.20 on Friday. The company has a fifty day moving average price of $160.35 and a 200 day moving average price of $150.45. The firm has a market cap of $36.22 billion, a PE ratio of 34.85, a PEG ratio of 8.58 and a beta of 1.27. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.02. Old Dominion Freight Line, Inc. has a 1-year low of $126.01 and a 1-year high of $209.61.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its quarterly earnings results on Wednesday, October 29th. The transportation company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.06. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.41 billion. Old Dominion Freight Line had a return on equity of 24.92% and a net margin of 18.97%.The company’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.43 earnings per share. Research analysts predict that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on ODFL shares. Robert W. Baird set a $170.00 price objective on shares of Old Dominion Freight Line in a research note on Monday, January 5th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Old Dominion Freight Line from $180.00 to $167.00 and set a “buy” rating on the stock in a research report on Thursday, December 11th. Stephens restated an “overweight” rating and issued a $190.00 price objective on shares of Old Dominion Freight Line in a research report on Tuesday, January 6th. Evercore ISI set a $150.00 target price on Old Dominion Freight Line and gave the stock an “in-line” rating in a report on Monday, January 12th. Finally, Truist Financial increased their price target on Old Dominion Freight Line from $170.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, January 15th. Ten investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, Old Dominion Freight Line has a consensus rating of “Hold” and a consensus price target of $163.33.

Old Dominion Freight Line Company Profile

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.