Stock of The Day: Old Dominion Freight Line Inc (NASDAQ:ODFL) Institutional Investors Sentiment Index Worsens in 2016 Q2

November 29, 2016 - By Ruchi Gupta   ·   0 Comments

Stock of The Day: Old Dominion Freight Line Inc (NASDAQ:ODFL) Institutional Investors Sentiment Index  Worsens in  2016 Q2

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

Old Dominion Freight Line Inc (NASDAQ:ODFL) institutional sentiment increased to 0.83 in 2016 Q2. Its up 0.04, from 0.79 in 2016Q1. The ratio is more positive, as 112 investment managers increased and opened new holdings, while 142 sold and decreased holdings in Old Dominion Freight Line Inc. The investment managers in our partner’s database now own: 58.93 million shares, down from 62.99 million shares in 2016Q1. Also, the number of investment managers holding Old Dominion Freight Line Inc in their top 10 holdings increased from 3 to 4 for an increase of 1. Sold All: 37 Reduced: 105 Increased: 77 New Position: 35.

Old Dominion Freight Line, Inc. is a less-than-truckload , union-free motor carrier company. The company has a market cap of $6.99 billion. The Firm provides regional, inter-regional and national LTL services, which include ground and air expedited transportation, and consumer household pickup and delivery. It has a 24.23 P/E ratio. The Firm offers a range of other services that include container drayage, truckload brokerage, supply chain consulting and warehousing.

About 166,191 shares traded hands. Old Dominion Freight Line (NASDAQ:ODFL) has risen 24.76% since April 26, 2016 and is uptrending. It has outperformed by 19.50% the S&P500.

Analysts await Old Dominion Freight Line (NASDAQ:ODFL) to report earnings on February, 2. They expect $0.88 EPS, up 3.53% or $0.03 from last year’s $0.85 per share. ODFL’s profit will be $70.90 million for 24.65 P/E if the $0.88 EPS becomes a reality. After $1.03 actual EPS reported by Old Dominion Freight Line for the previous quarter, Wall Street now forecasts -14.56% negative EPS growth.

According to Zacks Investment Research, “Old Dominion Freight Line, Inc. is an inter-regional and multi-regional motor carrier transporting primarily less-than-truckload shipments of general commodities, including consumer goods, textiles and capital goods to a diversified customer base.”

Sib Llc holds 7.75% of its portfolio in Old Dominion Freight Line for 150,354 shares. Knightsbridge Asset Management Llc owns 106,000 shares or 6.01% of their US portfolio. Moreover, Financial Engines Advisors L.L.C. has 5.57% invested in the company for 110,055 shares. The Connecticut-based Gillespie Robinson & Grimm Inc has invested 3.2% in the stock. Spf Beheer Bv, a Netherlands-based fund reported 949,435 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 14 insider sales for $17.08 million net activity.

Old Dominion Freight Line (NASDAQ:ODFL) Ratings Coverage

Ratings analysis reveals 25% of Old Dominion Freight Line’s analysts are positive. Out of 8 Wall Street analysts rating Old Dominion Freight Line, 2 give it “Buy”, 1 “Sell” rating, while 5 recommend “Hold”. The lowest target is $60.0 while the high is $90. The stock’s average target of $70.86 is -18.33% below today’s ($86.76) share price. ODFL was included in 17 notes of analysts from August 3, 2015. RBC Capital Markets maintained it with “Outperform” rating and $83.0 target price in Wednesday, September 23 report. Cowen & Co maintained it with “Market Perform” rating and $69 target price in Friday, April 29 report. The stock of Old Dominion Freight Line (NASDAQ:ODFL) has “Hold” rating given on Thursday, April 28 by Stifel Nicolaus. The stock of Old Dominion Freight Line (NASDAQ:ODFL) earned “Buy” rating by Bank of America on Friday, October 2. Bank of America downgraded the shares of ODFL in a report on Friday, October 28 to “Underperform” rating. The stock of Old Dominion Freight Line (NASDAQ:ODFL) has “Neutral” rating given on Wednesday, October 7 by Citigroup. The rating was downgraded by RBC Capital Markets on Thursday, January 7 to “Sector Perform”. The rating was maintained by Deutsche Bank with “Hold” on Friday, July 31. The firm has “Sector Perform” rating given on Friday, July 31 by RBC Capital Markets. The rating was downgraded by Bank of America to “Neutral” on Wednesday, December 2.

ODFL Company Profile

Old Dominion Freight Line, Inc., incorporated on March 22, 1999, is a less-than-truckload (LTL), union-free motor carrier company. The Firm provides regional, inter-regional and national LTL services, which include ground and air expedited transportation, and consumer household pickup and delivery. The Firm offers a range of other services that include container drayage, truckload brokerage, supply chain consulting and warehousing.

More important recent Old Dominion Freight Line (NASDAQ:ODFL) news were published by: Prnewswire.com which released: “Old Dominion Freight Line’s Third Quarter 2016 Conference Call On The Internet” on October 06, 2016, also Tucson.com published article titled: “Old Dominion expanding near new HomeGoods and FedEx facilities”, Reuters.com published: “BRIEF-Old Dominion Freight Line Q3 earnings per share $1.03” on October 27, 2016. More interesting news about Old Dominion Freight Line (NASDAQ:ODFL) was released by: Seekingalpha.com and their article: “Old Dominion Freight Line’s (ODFL) CEO David Congdon on Q2 2016 Results …” with publication date: July 31, 2016.

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By Ruchi Gupta


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