Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Shares Sold by Copeland Capital Management LLC

Copeland Capital Management LLC reduced its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 15.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 46,814 shares of the transportation company’s stock after selling 8,238 shares during the period. Copeland Capital Management LLC’s holdings in Old Dominion Freight Line were worth $8,258,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Avanza Fonder AB bought a new stake in Old Dominion Freight Line during the fourth quarter worth approximately $3,741,000. Toronto Dominion Bank boosted its stake in shares of Old Dominion Freight Line by 77.7% during the 3rd quarter. Toronto Dominion Bank now owns 98,061 shares of the transportation company’s stock worth $19,479,000 after acquiring an additional 42,880 shares in the last quarter. Board of the Pension Protection Fund acquired a new stake in shares of Old Dominion Freight Line during the fourth quarter worth $600,000. Sequoia Financial Advisors LLC boosted its position in shares of Old Dominion Freight Line by 20.5% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 5,979 shares of the transportation company’s stock valued at $1,188,000 after purchasing an additional 1,017 shares during the period. Finally, Reliant Investment Management LLC increased its stake in Old Dominion Freight Line by 10.4% in the 4th quarter. Reliant Investment Management LLC now owns 21,850 shares of the transportation company’s stock worth $3,854,000 after purchasing an additional 2,060 shares in the last quarter. 77.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Old Dominion Freight Line

In related news, Director Leo H. Suggs sold 3,000 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $225.44, for a total transaction of $676,320.00. Following the completion of the sale, the director now owns 7,383 shares in the company, valued at $1,664,423.52. This represents a 28.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 9.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

ODFL has been the subject of a number of analyst reports. Argus lowered shares of Old Dominion Freight Line from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Jefferies Financial Group increased their target price on Old Dominion Freight Line from $185.00 to $190.00 and gave the company a “hold” rating in a report on Friday, January 10th. Wells Fargo & Company lowered their price target on 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. JPMorgan Chase & Co. lifted their target price on Old Dominion Freight Line from $186.00 to $205.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Finally, Susquehanna reissued a “neutral” rating and issued a $195.00 price target (down from $218.00) on shares of Old Dominion Freight Line in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Old Dominion Freight Line presently has a consensus rating of “Hold” and an average price target of $202.44.

Old Dominion Freight Line Trading Down 0.6 %

Shares of ODFL stock opened at $185.61 on Monday. Old Dominion Freight Line, Inc. has a 12 month low of $165.49 and a 12 month high of $233.26. The company has a market cap of $39.63 billion, a PE ratio of 32.45, a price-to-earnings-growth ratio of 4.96 and a beta of 1.05. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average is $193.53 and its two-hundred day moving average is $197.90.

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.