Peterson Wealth Services Reduces Stock Holdings in Old Dominion Freight Line, Inc. $ODFL

Peterson Wealth Services trimmed its position in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 89.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,658 shares of the transportation company’s stock after selling 13,747 shares during the quarter. Peterson Wealth Services’ holdings in Old Dominion Freight Line were worth $233,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Stephens Inc. AR grew its stake in shares of Old Dominion Freight Line by 0.7% during the 2nd quarter. Stephens Inc. AR now owns 10,261 shares of the transportation company’s stock worth $1,665,000 after acquiring an additional 67 shares during the period. YANKCOM Partnership lifted its holdings in Old Dominion Freight Line by 9.1% during the second quarter. YANKCOM Partnership now owns 818 shares of the transportation company’s stock valued at $133,000 after purchasing an additional 68 shares during the last quarter. Legacy Capital Wealth Partners LLC lifted its holdings in Old Dominion Freight Line by 4.4% during the second quarter. Legacy Capital Wealth Partners LLC now owns 1,674 shares of the transportation company’s stock valued at $272,000 after purchasing an additional 71 shares during the last quarter. iA Global Asset Management Inc. boosted its position in Old Dominion Freight Line by 0.3% during the second quarter. iA Global Asset Management Inc. now owns 23,468 shares of the transportation company’s stock worth $3,809,000 after purchasing an additional 72 shares during the period. Finally, STF Management LP increased its stake in shares of Old Dominion Freight Line by 2.4% in the second quarter. STF Management LP now owns 3,277 shares of the transportation company’s stock worth $532,000 after purchasing an additional 77 shares in the last quarter. 77.82% of the stock is currently owned by institutional investors.

Old Dominion Freight Line Price Performance

NASDAQ:ODFL opened at $189.77 on Wednesday. The firm has a market capitalization of $39.68 billion, a price-to-earnings ratio of 38.18, a P/E/G ratio of 9.25 and a beta of 1.28. Old Dominion Freight Line, Inc. has a 52-week low of $126.01 and a 52-week high of $209.61. The stock has a fifty day moving average of $162.54 and a 200 day moving average of $150.74. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.20 and a current ratio of 1.20.

Wall Street Analyst Weigh In

ODFL has been the topic of a number of recent research reports. Raymond James Financial upped their price target on shares of Old Dominion Freight Line from $155.00 to $180.00 and gave the company an “outperform” rating in a research note on Monday, January 12th. Wells Fargo & Company dropped their target price on Old Dominion Freight Line from $145.00 to $138.00 and set an “underweight” rating on the stock in a research report on Thursday, October 30th. The Goldman Sachs Group raised their price target on Old Dominion Freight Line from $181.00 to $182.00 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Cantor Fitzgerald set a $165.00 price target on Old Dominion Freight Line in a research report on Thursday, December 18th. Finally, Rothschild Redb raised Old Dominion Freight Line to a “strong sell” rating in a report on Wednesday, November 26th. Ten investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $163.33.

Old Dominion Freight Line 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.