Zacks Investment Research Downgrades Old Dominion Freight Line (NASDAQ:ODFL) to Hold

Tuesday, 16 Jan, 2018

The hedge fund run by Brian Taylor held 6,544 shares of the prepackaged software company at the end of 2017Q3, valued at $611,000, down from 41,500 at the end of the previous reported quarter. The firm has a market capitalization of $11,598.53, a P/E ratio of 34.68 and a beta of 1.20. About 5.75 million shares traded or 30.74% up from the average. (LYV) has risen 52.18% since January 15, 2017 and is uptrending. It has underperformed by 7.35% the S&P500. Kayne Anderson Rudnick Inv Mngmt Limited Liability invested 2.22% in Old Dominion Freight Line, Inc. Mesirow Financial Investment Management Equity Management now owns 15,995 shares of the transportation company's stock worth $1,761,000 after buying an additional 425 shares during the period. The company presently has an average rating of "Hold" and an average target price of $115.50. The 6 months bullish chart indicates low risk for the $11.75 billion company. The stock increased 0.29% or $0.41 during the last trading session, reaching $141.21. About 1.20M shares traded.

Lapides Asset Management Llc decreased its stake in Old Dominion Freight Lines Inc (ODFL) by 26.72% based on its latest 2017Q3 regulatory filing with the SEC. (NASDAQ:ODFL) has risen 37.85% since January 15, 2017 and is uptrending. It has outperformed by 21.15% the S&P500. Ls Invest Ltd Liability Corp owns 6,339 shares.

Since August 8, 2017, it had 0 buys, and 6 sales for $23.37 million activity.

Investors sentiment decreased to 0.99 in 2017 Q3.

Now the return on equity is 17.10% and its debt to equity is 0.05. It increased, as 14 investors sold ODFL shares while 110 reduced holdings. 48 funds opened positions while 150 raised stakes. Invesco Ltd holds 1.18M shares or 0.05% of its portfolio. The transportation company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.08. (NASDAQ:ODFL). 29 are owned by Point72 Asia (Hong Kong) Ltd. Credit Suisse Ag has invested 0.01% of its portfolio in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)'s stock has been 42.59% and 63.89% for the last 12 months. Advantus Capital Mngmt invested in 12,929 shares. New York-based Millennium Mgmt Ltd Liability has invested 0.04% in Old Dominion Freight Line, Inc. Finally, Chicago Equity Partners LLC purchased a new stake in shares of Old Dominion Freight Line in the 2nd quarter worth approximately $1,302,000. Arizona State Retirement System holds 32,392 shares. 176,052 were reported by Neuberger Berman Gp Ltd Liability Company.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its quarterly earnings results on Thursday, October 26th. Dupont Cap Mngmt Corp holds 36,845 shares. Voya Investment Limited Liability invested in 0% or 13,644 shares. (NASDAQ:ODFL). Fincl Bank Of Ny Mellon owns 744,903 shares. On Tuesday, April 11 the stock rating was maintained by Dougherty & Company with "Buy".

Analysts await Old Dominion Freight Line, Inc.

Shares of Old Dominion Freight Line (NASDAQ:ODFL) traded up $1.78 during mid-day trading on Friday, reaching $142.58. Therefore 100% are positive. During the same period in the prior year, the business posted $1.03 EPS. research analysts anticipate that Old Dominion Freight Line will post 4.34 EPS for the current fiscal year.

Old Dominion Freight Line, Inc. operates as a less-than-truckload motor carrier in the United States and North America. RBC Capital Markets maintained it with "Sector Perform" rating and $81 target in Friday, July 31 report. Bank of America cut Old Dominion Freight Line from a "neutral" rating to an "underperform" rating and cut their price objective for the stock from $105.00 to $102.00 in a report on Tuesday, October 10th. The firm has "Buy" rating given on Wednesday, November 2 by Deutsche Bank. Stifel Nicolaus has "Hold" rating and $93.0 target. The firm earned "Hold" rating on Thursday, October 26 by Cowen & Co. Finally, Stifel Nicolaus reiterated a "buy" rating and issued a $117.00 price objective (up from $111.00) on shares of Old Dominion Freight Line in a report on Wednesday, December 13th. (NASDAQ:BEAT) has "Buy" rating given on Tuesday, July 28 by Dougherty & Company. Deutsche Bank downgraded Old Dominion Freight Line, Inc. As per Friday, September 15, the company rating was maintained by RBC Capital Markets. (NASDAQ:ODFL) has "Hold" rating given on Thursday, July 27 by Stifel Nicolaus. Stifel Nicolaus maintained Old Dominion Freight Line, Inc. Old Dominion Freight Line had 40 analyst reports since August 3, 2015 according to SRatingsIntel. Therefore 35% are positive. Salesforce.com had 196 analyst reports since August 21, 2015 according to SRatingsIntel. The stock of BioTelemetry, Inc. The rating was maintained by RBC Capital Markets with "Sell" on Friday, November 3. The firm has "Outperform" rating by William Blair given on Monday, August 24. The rating was maintained by Morgan Stanley with "Overweight" on Thursday, October 5. S&P Research maintained Salesforce.com, inc. The insider Martinez Maria sold 940 shares worth $87,185. $4.94 million worth of Waters Corporation (NYSE:WAT) shares were sold by Kelly Terrence P. TERRICCIANO DAVID also sold $4.34M worth of Waters Corporation (NYSE:WAT) shares. With 11,900 avg volume, 0 days are for Natuzzi Spa (NYSE:NTZ)'s short sellers to cover NTZ's short positions. The insider Weaver Amy E sold 681 shares worth $67,251. (NYSE:CRM) or 8,027 shares. The transportation company reported $1.24 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.16 by $0.08. Pinnacle invested in 1,995 shares or 0% of the stock. Scout Invs, Missouri-based fund reported 126,513 shares.

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