Roosevelt Investment Group Inc Lowers stake in Old Dominion Freight Line (ODFL)

Old Dominion Freight Line (ODFL) : Roosevelt Investment Group Inc reduced its stake in Old Dominion Freight Line by 26.04% during the most recent quarter end. The investment management company now holds a total of 292,445 shares of Old Dominion Freight Line which is valued at $18.2 Million after selling 102,943 shares in Old Dominion Freight Line , the firm said in a disclosure report filed with the SEC on May 13, 2016.Old Dominion Freight Line makes up approximately 1.62% of Roosevelt Investment Group Inc’s portfolio.

Other Hedge Funds, Including , Kennedy Capital Management boosted its stake in ODFL in the latest quarter, The investment management firm added 41,968 additional shares and now holds a total of 128,364 shares of Old Dominion Freight Line which is valued at $8 Million. Old Dominion Freight Line makes up approx 0.16% of Kennedy Capital Management’s portfolio.Raymond James Associates reduced its stake in ODFL by selling 5,230 shares or 43.39% in the most recent quarter. The Hedge Fund company now holds 6,823 shares of ODFL which is valued at $424,254.Freestone Capital Holdings reduced its stake in ODFL by selling 1,591 shares or 9.24% in the most recent quarter. The Hedge Fund company now holds 15,627 shares of ODFL which is valued at $971,687. Old Dominion Freight Line makes up approx 0.10% of Freestone Capital Holdings’s portfolio.Jupiter Asset Management Ltd reduced its stake in ODFL by selling 1,838 shares or 1.99% in the most recent quarter. The Hedge Fund company now holds 90,404 shares of ODFL which is valued at $5.6 Million. Old Dominion Freight Line makes up approx 0.24% of Jupiter Asset Management Ltd’s portfolio.Schwab Charles Investment Management Inc boosted its stake in ODFL in the latest quarter, The investment management firm added 9,341 additional shares and now holds a total of 193,193 shares of Old Dominion Freight Line which is valued at $12.3 Million. Old Dominion Freight Line makes up approx 0.02% of Schwab Charles Investment Management Inc’s portfolio.

Old Dominion Freight Line opened for trading at $64.15 and hit $64.69 on the upside on Wednesday, eventually ending the session at $64.12, with a gain of 0.38% or 0.24 points. The heightened volatility saw the trading volume jump to 6,09,590 shares. Company has a market cap of $5,350 M.

On the company’s financial health, Old Dominion Freight Line reported $0.72 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $0.76. The company had revenue of $707.70 million for the quarter, compared to analysts expectations of $721.20 million. The company’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 EPS.

Many Wall Street Analysts have commented on Old Dominion Freight Line. Company shares were Reiterated by Cowen on Apr 29, 2016 to “Market Perform”, Firm has raised the Price Target to $ 69 from a previous price target of $65 .

Old Dominion Freight Line Inc. (Old Dominion) is a less-than-truckload (LTL) motor carrier providing regional inter-regional and national LTL service and logistics services. In addition to its LTL services it offers a range of services including international freight forwarding ground and air expedited transportation container delivery truckload brokerage supply chain consulting warehousing and consumer household pickup and delivery. Its infrastructure allows it to provide next-day and second-day service within each of its six regions covering the continental United States as well as inter-regional and national service between these regions. As of December 31 2014 it operated through 222 service center locations of which it owned 176 and leased 46. As of December 31 2014 it owned 6907 tractors. As of December 31 2014 it owned 27259 trailers.

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