Old Dominion Freight Line (ODFL) : Knightsbridge Asset Management added new position in Old Dominion Freight Line during the most recent quarter end. The investment management firm now holds 106,000 shares of Old Dominion Freight Line which is valued at $7,353,220 , the company said in a statement filed on Aug 15, 2016 with the SEC.Old Dominion Freight Line makes up approximately 6.34% of Knightsbridge Asset Management’s portfolio.
Other Hedge Funds, Including , Two Sigma Investments Lp sold out all of its stake in ODFL during the most recent quarter. The investment firm sold 81,557 shares of ODFL which is valued $5,657,609.Liberty Mutual Group Asset Management boosted its stake in ODFL in the latest quarter, The investment management firm added 2,328 additional shares and now holds a total of 29,836 shares of Old Dominion Freight Line which is valued at $2,069,723. Old Dominion Freight Line makes up approx 0.07% of Liberty Mutual Group Asset Management’s portfolio.Barnett Company reduced its stake in ODFL by selling 2,020 shares or 11.7% in the most recent quarter. The Hedge Fund company now holds 15,240 shares of ODFL which is valued at $1,076,706. Old Dominion Freight Line makes up approx 0.57% of Barnett Company’s portfolio. Quantitative Investment Management added ODFL to its portfolio by purchasing 10,300 company shares during the most recent quarter which is valued at $711,524. Old Dominion Freight Line makes up approx 0.03% of Quantitative Investment Management’s portfolio.
Old Dominion Freight Line closed down -0.07 points or -0.10% at $71.06 with 3,35,352 shares getting traded on Thursday. Post opening the session at $71.32, the shares hit an intraday low of $70.39 and an intraday high of $71.75 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
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.