Insider Selling: Old Dominion Freight Line Chairman Unloads 70,127 Shares of Stock (ODFL)
Old Dominion Freight Line (NASDAQ:ODFL) Chairman Earl E. Congdon sold 70,127 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $52.85, for a total transaction of $3,706,211.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at KeyCorp raised their price target on shares of Old Dominion Freight Line from $56.00 to $60.00 in a research note on Friday, January 17th. Separately, analysts at Deutsche Bank upgraded shares of Old Dominion Freight Line from a “hold” rating to a “buy” rating in a research note on Monday, December 16th. They now have a $59.00 price target on the stock, up previously from $49.00. Finally, analysts at Longbow Research downgraded shares of Old Dominion Freight Line from a “buy” rating to a “neutral” rating in a research note on Tuesday, December 10th. They now have a $52.00 price target on the stock. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Old Dominion Freight Line currently has an average rating of “Buy” and a consensus target price of $49.13.
Shares of Old Dominion Freight Line (NASDAQ:ODFL) traded up 1.22% during mid-day trading on Thursday, hitting $52.94. The stock had a trading volume of 418,434 shares. Old Dominion Freight Line has a 52 week low of $34.58 and a 52 week high of $57.00. The stock’s 50-day moving average is $53.79 and its 200-day moving average is $49.12. The company has a market cap of $4.562 billion and a P/E ratio of 21.88.
Old Dominion Freight Line (NASDAQ:ODFL) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.55 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.59 by $0.04. The company had revenue of $592.50 million for the quarter, compared to the consensus estimate of $587.92 million. During the same quarter last year, the company posted $0.46 earnings per share. Old Dominion Freight Line’s revenue was up 11.0% compared to the same quarter last year. Analysts expect that Old Dominion Freight Line will post $2.76 EPS for the current fiscal year.
Old Dominion Freight Line, Inc (NASDAQ:ODFL), incorporated on March 22, 1999, is a less-than-truckload (LTL) motor carrier providing regional, inter-regional and national LTL service and logistics services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.