Old Dominion Freight Line Inc Q1 2019 Institutional Investor Sentiment Better Than Expected

Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Logo

Sentiment for Old Dominion Freight Line Inc (NASDAQ:ODFL)

Old Dominion Freight Line Inc (NASDAQ:ODFL) institutional sentiment increased to 1.05 in Q1 2019. Its up 0.34, from 0.71 in 2018Q4. The ratio has increased, as 161 hedge funds started new or increased positions, while 153 decreased and sold their positions in Old Dominion Freight Line Inc. The hedge funds in our partner’s database now possess: 56.77 million shares, down from 61.39 million shares in 2018Q4. Also, the number of hedge funds holding Old Dominion Freight Line Inc in their top 10 positions increased from 3 to 4 for an increase of 1. Sold All: 15 Reduced: 138 Increased: 114 New Position: 47.

Old Dominion Freight Line, Inc. operates as a less-than-truckload motor carrier in the United States and North America. The company has market cap of $13.84 billion. It provides regional, inter-regional, and national LTL services, including ground and air expedited transportation, and consumer household pickup and delivery. It has a 22.13 P/E ratio. The firm also offers various value-added services comprising container drayage, truckload brokerage, supply chain consulting, and warehousing.

The stock increased 0.93% or $1.6 during the last trading session, reaching $174. About 228,662 shares traded. Old Dominion Freight Line, Inc. (NASDAQ:ODFL) has risen 16.78% since September 11, 2018 and is uptrending. It has outperformed by 16.78% the S&P500.

Analysts await Old Dominion Freight Line, Inc. (NASDAQ:ODFL) to report earnings on October, 24. They expect $2.16 EPS, up 1.89 % or $0.04 from last year’s $2.12 per share. ODFL’s profit will be $171.77M for 20.14 P/E if the $2.16 EPS becomes a reality. After $2.16 actual EPS reported by Old Dominion Freight Line, Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Sib Llc holds 14.33% of its portfolio in Old Dominion Freight Line, Inc. for 134,044 shares. Gillespie Robinson & Grimm Inc owns 199,605 shares or 3.49% of their US portfolio. Moreover, Spf Beheer Bv has 3.08% invested in the company for 524,939 shares. The New York-based Garrison Bradford & Associates Inc has invested 2.99% in the stock. Kayne Anderson Rudnick Investment Management Llc, a California-based fund reported 3.04 million shares.

Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Ratings Coverage

Ratings analysis reveals 0 of Old Dominion Freight’s analysts are positive. Out of 2 Wall Street analysts rating Old Dominion Freight, 0 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $150 while the high is $16500. The stock’s average target of $156.67 is -9.96% below today’s ($174) share price. ODFL was included in 6 notes of analysts from April 11, 2019. Citigroup maintained Old Dominion Freight Line, Inc. (NASDAQ:ODFL) on Thursday, April 11 with “Neutral” rating. On Thursday, June 20 the stock rating was maintained by Bank of America with “Hold”.

More notable recent Old Dominion Freight Line, Inc. (NASDAQ:ODFL) news were published by: Streetinsider.com which released: “Factbox: US stocks to watch as Hurricane Dorian threatens Florida – StreetInsider.com” on August 30, 2019, also Finance.Yahoo.com with their article: “Why Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Is An Attractive Investment To Consider – Yahoo Finance” published on August 12, 2019, Nasdaq.com published: “Here’s Why Old Dominion Shares Climbed 10.9% in February – Nasdaq” on March 05, 2019. More interesting news about Old Dominion Freight Line, Inc. (NASDAQ:ODFL) were released by: Seekingalpha.com and their article: “Old Dominion Freight Line declares $0.17 dividend – Seeking Alpha” published on July 18, 2019 as well as Fool.com‘s news article titled: “Why Shares of Old Dominion Freight Lines Were Up in June – The Motley Fool” with publication date: July 03, 2019.

Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Institutional Positions Chart

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