Fortitude Advisory Group L.L.C. Buys 207 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Fortitude Advisory Group L.L.C. lifted its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 16.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,478 shares of the transportation company’s stock after purchasing an additional 207 shares during the period. Fortitude Advisory Group L.L.C.’s holdings in Old Dominion Freight Line were worth $261,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Pacer Advisors Inc. raised its position in shares of Old Dominion Freight Line by 7.3% in the 4th quarter. Pacer Advisors Inc. now owns 26,620 shares of the transportation company’s stock worth $4,696,000 after acquiring an additional 1,815 shares in the last quarter. KBC Group NV grew its stake in Old Dominion Freight Line by 1.0% in the fourth quarter. KBC Group NV now owns 35,122 shares of the transportation company’s stock worth $6,195,000 after purchasing an additional 356 shares during the period. Blue Trust Inc. increased its stake in shares of Old Dominion Freight Line by 42.5% in the 4th quarter. Blue Trust Inc. now owns 2,488 shares of the transportation company’s stock worth $439,000 after acquiring an additional 742 shares in the last quarter. Clarendon Private LLC purchased a new stake in Old Dominion Freight Line in the fourth quarter worth about $226,000. Finally, Marshall Financial Group LLC grew its stake in shares of Old Dominion Freight Line by 6.5% in the 4th quarter. Marshall Financial Group LLC now owns 9,653 shares of the transportation company’s stock worth $1,703,000 after buying an additional 591 shares during the last quarter. Institutional investors own 77.82% of the company’s stock.

Insider Activity

In related news, Director Leo H. Suggs sold 3,000 shares of the company’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 of the company’s stock, valued at $1,664,423.52. This represents a 28.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 9.90% of the company’s stock.

Old Dominion Freight Line Stock Up 2.0 %

NASDAQ:ODFL opened at $194.71 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.33 and a quick ratio of 1.33. The firm has a market cap of $41.57 billion, a PE ratio of 34.04, a price-to-earnings-growth ratio of 5.03 and a beta of 1.05. The company has a 50-day moving average of $195.87 and a 200 day moving average of $198.18. Old Dominion Freight Line, Inc. has a 1-year low of $165.49 and a 1-year high of $233.26.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ODFL. Wells Fargo & Company reduced their price objective on shares of 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. 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 report on Tuesday, November 12th. Barclays cut their target price on 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, January 17th. Stephens restated an “overweight” rating and issued a $240.00 target price on shares of Old Dominion Freight Line in a report on Wednesday, December 4th. Finally, Bank of America decreased their target price on shares of Old Dominion Freight Line from $237.00 to $204.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. One equities 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Old Dominion Freight Line currently has an average rating of “Hold” and a consensus target price of $202.44.

Old Dominion Freight Line Company 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.