Brighton Jones LLC Purchases 79 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Brighton Jones LLC lifted its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 5.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,559 shares of the transportation company’s stock after buying an additional 79 shares during the period. Brighton Jones LLC’s holdings in Old Dominion Freight Line were worth $275,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Sei Investments Co. grew its holdings in Old Dominion Freight Line by 7.5% in the second quarter. Sei Investments Co. now owns 46,415 shares of the transportation company’s stock worth $8,198,000 after purchasing an additional 3,227 shares during the last quarter. Public Sector Pension Investment Board boosted its position in shares of Old Dominion Freight Line by 163.9% in the 2nd quarter. Public Sector Pension Investment Board now owns 4,466 shares of the transportation company’s stock worth $789,000 after purchasing an additional 2,774 shares in the last quarter. Creative Planning increased its position in Old Dominion Freight Line by 3.2% during the 2nd quarter. Creative Planning now owns 65,269 shares of the transportation company’s stock valued at $11,526,000 after buying an additional 2,050 shares in the last quarter. Quarry LP purchased a new stake in Old Dominion Freight Line in the second quarter valued at about $60,000. Finally, Regal Investment Advisors LLC boosted its holdings in Old Dominion Freight Line by 0.8% in the second quarter. Regal Investment Advisors LLC now owns 10,611 shares of the transportation company’s stock worth $1,874,000 after acquiring an additional 87 shares in the last quarter. Institutional investors own 77.82% of the company’s stock.

Insider Buying and Selling

In other Old Dominion Freight Line news, Director Leo H. Suggs sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $225.44, for a total transaction of $676,320.00. Following the completion of the sale, the director now directly owns 7,383 shares in the company, valued at approximately $1,664,423.52. The trade was a 28.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 9.90% of the company’s stock.

Old Dominion Freight Line Stock Performance

NASDAQ:ODFL opened at $194.71 on Tuesday. The company has a fifty day moving average of $195.87 and a two-hundred day moving average of $198.18. Old Dominion Freight Line, Inc. has a fifty-two week low of $165.49 and a fifty-two week high of $233.26. The stock has a market capitalization of $41.57 billion, a PE ratio of 34.04, a P/E/G ratio of 5.03 and a beta of 1.05. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.33.

Analyst Ratings Changes

A number of research analysts have issued reports on ODFL shares. Wells Fargo & Company cut their price target on shares of Old Dominion Freight Line from $195.00 to $185.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 7th. Citigroup raised their target price on Old Dominion Freight Line from $201.00 to $241.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 12th. Bank of America cut their price objective on Old Dominion Freight Line from $237.00 to $204.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. TD Cowen decreased their target price on Old Dominion Freight Line from $203.00 to $196.00 and set a “hold” rating for the company in a report on Thursday, October 24th. Finally, BMO Capital Markets cut their price target on shares of Old Dominion Freight Line from $210.00 to $205.00 and set a “market perform” rating on the stock in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $202.44.

About Old Dominion Freight Line

Old Dominion Freight Line, Inc operates as a less-than-truckload motor carrier in the United States and North America. The company offers regional, inter-regional, and national less-than-truckload services, as well as expedited transportation. It also provides various value-added services, including container drayage, truckload brokerage, and supply chain consulting.