Gillespie Robinson Grimm Inc Lowers stake in Old Dominion Freight Line (ODFL)

Old Dominion Freight Line (ODFL) : Gillespie Robinson Grimm Inc reduced its stake in Old Dominion Freight Line by 8.7% during the most recent quarter end. The investment management company now holds a total of 301,840 shares of Old Dominion Freight Line which is valued at $21,611,744 after selling 28,770 shares in Old Dominion Freight Line , the firm said in a disclosure report filed with the SEC on Oct 11, 2016.Old Dominion Freight Line makes up approximately 3.34% of Gillespie Robinson Grimm Inc’s portfolio.

Other Hedge Funds, Including , Oregon Public Employees Retirement Fund boosted its stake in ODFL in the latest quarter, The investment management firm added 472 additional shares and now holds a total of 23,826 shares of Old Dominion Freight Line which is valued at $1,705,942. Old Dominion Freight Line makes up approx 0.04% of Oregon Public Employees Retirement Fund’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in ODFL by selling 20,604 shares or 76.17% in the most recent quarter. The Hedge Fund company now holds 6,447 shares of ODFL which is valued at $452,450.

Old Dominion Freight Line closed down -0.56 points or -0.78% at $71.04 with 7,90,453 shares getting traded on Tuesday. Post opening the session at $71.3, the shares hit an intraday low of $70.75 and an intraday high of $71.57 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.

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