Heartland Bank & Trust Co Reduces Holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Heartland Bank & Trust Co reduced its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 3.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,941 shares of the transportation company’s stock after selling 116 shares during the period. Heartland Bank & Trust Co’s holdings in Old Dominion Freight Line were worth $519,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. RPg Family Wealth Advisory LLC purchased a new position in shares of Old Dominion Freight Line in the third quarter worth $45,000. Brown Brothers Harriman & Co. increased its position in shares of Old Dominion Freight Line by 398.1% in the third quarter. Brown Brothers Harriman & Co. now owns 269 shares of the transportation company’s stock valued at $53,000 after acquiring an additional 215 shares during the period. Quarry LP purchased a new position in shares of Old Dominion Freight Line in the second quarter valued at about $60,000. Versant Capital Management Inc raised its stake in shares of Old Dominion Freight Line by 45.5% during the fourth quarter. Versant Capital Management Inc now owns 352 shares of the transportation company’s stock valued at $62,000 after acquiring an additional 110 shares during the last quarter. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of Old Dominion Freight Line during the third quarter worth about $64,000. Institutional investors own 77.82% of the company’s stock.

Insider Activity

In other Old Dominion Freight Line news, Director Leo H. Suggs sold 3,000 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $225.44, for a total transaction of $676,320.00. Following the completion of the transaction, the director now owns 7,383 shares of the company’s stock, valued at $1,664,423.52. This represents a 28.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 9.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Barclays lowered their price target on Old Dominion Freight Line from $220.00 to $210.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. TD Cowen decreased their target price on Old Dominion Freight Line from $203.00 to $196.00 and set a “hold” rating for the company in a report on Thursday, October 24th. Wells Fargo & Company cut their price target on shares of Old Dominion Freight Line from $195.00 to $185.00 and set an “underweight” rating on the stock in a report on Tuesday, January 7th. Citigroup upped 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 report on Tuesday, November 12th. Finally, Stifel Nicolaus lifted their target price on shares of Old Dominion Freight Line from $176.00 to $193.00 and gave the company a “hold” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $202.44.

Old Dominion Freight Line Stock Performance

ODFL opened at $190.81 on Monday. The firm has a market cap of $40.74 billion, a P/E ratio of 33.36, a PEG ratio of 5.03 and a beta of 1.05. Old Dominion Freight Line, Inc. has a 1-year low of $165.49 and a 1-year high of $233.26. The company has a 50 day simple moving average of $196.26 and a two-hundred day simple moving average of $198.13. 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 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.