Old Dominion Freight Line (ODFL) : Financial Engines Advisors L.l.c. scooped up 24,209 additional shares in Old Dominion Freight Line during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 110,055 shares of Old Dominion Freight Line which is valued at $7,634,515.Old Dominion Freight Line makes up approximately 6.12% of Financial Engines Advisors L.l.c.’s portfolio.
Other Hedge Funds, Including , Credit Agricole S A reduced its stake in ODFL by selling 38,583 shares or 20.37% in the most recent quarter. The Hedge Fund company now holds 150,817 shares of ODFL which is valued at $10,462,175. Old Dominion Freight Line makes up approx 0.04% of Credit Agricole S A’s portfolio.Assetmark Inc reduced its stake in ODFL by selling 6 shares or 66.67% in the most recent quarter. The Hedge Fund company now holds 3 shares of ODFL which is valued at $210.World Asset Management Inc reduced its stake in ODFL by selling 30 shares or 0.89% in the most recent quarter. The Hedge Fund company now holds 3,351 shares of ODFL which is valued at $231,487. Old Dominion Freight Line makes up approx 0.01% of World Asset Management Inc’s portfolio.Creative Planning reduced its stake in ODFL by selling 756 shares or 73.68% in the most recent quarter. The Hedge Fund company now holds 270 shares of ODFL which is valued at $17,175.
Old Dominion Freight Line opened for trading at $69.28 and hit $70.17 on the upside on Friday, eventually ending the session at $69.97, with a gain of 0.72% or 0.5 points. The heightened volatility saw the trading volume jump to 3,73,045 shares. Company has a market cap of $5,797 M.
On the company’s financial health, Old Dominion Freight Line reported $0.98 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.95. The company had revenue of $755.40 million for the quarter, compared to analysts expectations of $753.31 million. The company’s revenue was down -.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.00 EPS.
Many Wall Street Analysts have commented on Old Dominion Freight Line. Company shares were Reiterated by Cowen on Jul 28, 2016 to “Market Perform”, Firm has raised the Price Target to $ 73 from a previous price target of $63 .
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.