Dai Ichi Life Insurance Company Ltd Has $4.27 Million Stake in Old Dominion Freight Line (NASDAQ:ODFL)

Dai Ichi Life Insurance Company Ltd trimmed its holdings in shares of Old Dominion Freight Line (NASDAQ:ODFL) by 3.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,560 shares of the transportation company’s stock after selling 1,137 shares during the quarter. Dai Ichi Life Insurance Company Ltd’s holdings in Old Dominion Freight Line were worth $4,274,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Squar Milner Financial Services LLC boosted its holdings in Old Dominion Freight Line by 255.4% during the fourth quarter. Squar Milner Financial Services LLC now owns 995 shares of the transportation company’s stock valued at $188,000 after acquiring an additional 715 shares during the period. Capital Investment Counsel Inc bought a new stake in Old Dominion Freight Line during the fourth quarter valued at about $210,000. California Public Employees Retirement System boosted its holdings in Old Dominion Freight Line by 4.6% during the fourth quarter. California Public Employees Retirement System now owns 155,434 shares of the transportation company’s stock valued at $29,498,000 after acquiring an additional 6,795 shares during the period. Advisor Partners LLC boosted its holdings in Old Dominion Freight Line by 5.8% during the fourth quarter. Advisor Partners LLC now owns 2,278 shares of the transportation company’s stock valued at $469,000 after acquiring an additional 125 shares during the period. Finally, Covenant Asset Management LLC boosted its holdings in Old Dominion Freight Line by 2.2% during the fourth quarter. Covenant Asset Management LLC now owns 15,226 shares of the transportation company’s stock valued at $2,890,000 after acquiring an additional 328 shares during the period. 57.39% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:ODFL opened at $155.91 on Friday. Old Dominion Freight Line has a 12-month low of $87.25 and a 12-month high of $158.47. The firm has a market capitalization of $18.34 billion, a PE ratio of 30.47, a price-to-earnings-growth ratio of 3.59 and a beta of 1.02. The firm has a 50-day moving average price of $140.93 and a 200 day moving average price of $180.19.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings results on Thursday, April 23rd. The transportation company reported $1.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.01). Old Dominion Freight Line had a return on equity of 20.85% and a net margin of 14.99%. The business had revenue of $987.36 million during the quarter, compared to analyst estimates of $982.15 million. During the same period last year, the company earned $1.64 EPS. The business’s revenue for the quarter was down .3% on a year-over-year basis. Equities research analysts expect that Old Dominion Freight Line will post 4.57 earnings per share for the current fiscal year.

A number of research firms have issued reports on ODFL. BidaskClub upgraded shares of Old Dominion Freight Line from a “hold” rating to a “buy” rating in a report on Thursday, May 14th. Citigroup reduced their target price on shares of Old Dominion Freight Line from $132.00 to $128.00 and set a “neutral” rating for the company in a research note on Wednesday, April 22nd. Deutsche Bank increased their target price on shares of Old Dominion Freight Line from $125.00 to $133.00 and gave the company a “hold” rating in a research note on Monday, April 27th. Morgan Stanley increased their target price on shares of Old Dominion Freight Line from $145.00 to $154.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. Finally, Bank of America cut shares of Old Dominion Freight Line from a “neutral” rating to an “underperform” rating in a research note on Sunday, April 19th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. Old Dominion Freight Line has an average rating of “Hold” and an average price target of $131.00.

Old Dominion Freight Line Company Profile

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

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Institutional Ownership by Quarter for Old Dominion Freight Line (NASDAQ:ODFL)

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