Waverton Investment Management Ltd buys $12,327,216 stake in Old Dominion Freight Line (ODFL)

Old Dominion Freight Line (ODFL) : Waverton Investment Management Ltd scooped up 98,469 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 Oct 12, 2016. The investment management firm now holds a total of 173,525 shares of Old Dominion Freight Line which is valued at $12,327,216.Old Dominion Freight Line makes up approximately 0.83% of Waverton Investment Management Ltd’s portfolio.

Other Hedge Funds, Including , Weaver C. Barksdale Associates reduced its stake in ODFL by selling 13 shares or 5.94% in the most recent quarter. The Hedge Fund company now holds 206 shares of ODFL which is valued at $14,634. Old Dominion Freight Line makes up approx 0.03% of Weaver C. Barksdale Associates’s portfolio.Fisher Asset Management reduced its stake in ODFL by selling 33 shares or 0.47% in the most recent quarter. The Hedge Fund company now holds 7,020 shares of ODFL which is valued at $502,632.Gillespie Robinson Grimm Inc reduced its stake in ODFL by selling 28,770 shares or 8.7% in the most recent quarter. The Hedge Fund company now holds 301,840 shares of ODFL which is valued at $21,611,744. Old Dominion Freight Line makes up approx 3.34% of Gillespie Robinson Grimm Inc’s portfolio.Cutler Group Lp reduced its stake in ODFL by selling 46 shares or 26.29% in the most recent quarter. The Hedge Fund company now holds 129 shares of ODFL which is valued at $9,236.

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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