Bensler LLC Has $7.85 Million Stock Holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Bensler LLC lifted its stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) by 7.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,476 shares of the transportation company’s stock after acquiring an additional 2,923 shares during the quarter. Bensler LLC’s holdings in Old Dominion Freight Line were worth $7,846,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Sei Investments Co. increased its position in Old Dominion Freight Line by 7.5% during the second quarter. Sei Investments Co. now owns 46,415 shares of the transportation company’s stock worth $8,198,000 after buying an additional 3,227 shares during the last quarter. Public Sector Pension Investment Board increased its position in Old Dominion Freight Line by 163.9% during the second quarter. Public Sector Pension Investment Board now owns 4,466 shares of the transportation company’s stock worth $789,000 after buying an additional 2,774 shares during the last quarter. Creative Planning increased its position in Old Dominion Freight Line by 3.2% during the second quarter. Creative Planning now owns 65,269 shares of the transportation company’s stock worth $11,526,000 after buying an additional 2,050 shares during the last quarter. Quarry LP acquired a new position in Old Dominion Freight Line during the second quarter worth $60,000. Finally, Regal Investment Advisors LLC increased its position in Old Dominion Freight Line by 0.8% during the second quarter. Regal Investment Advisors LLC now owns 10,611 shares of the transportation company’s stock worth $1,874,000 after buying an additional 87 shares during the last quarter. 77.82% of the stock is owned by institutional investors and hedge funds.

Old Dominion Freight Line Stock Up 1.6 %

NASDAQ ODFL opened at $193.93 on Tuesday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01. The stock’s 50 day moving average is $195.87 and its two-hundred day moving average is $198.18. The company has a market capitalization of $41.40 billion, a price-to-earnings ratio of 33.95, a PEG ratio of 5.03 and a beta of 1.05. Old Dominion Freight Line, Inc. has a 1-year low of $165.49 and a 1-year high of $233.26.

Wall Street Analysts Forecast Growth

Several research firms have commented on ODFL. Stephens reissued an “overweight” rating and set a $240.00 target price on shares of Old Dominion Freight Line in a research report on Wednesday, December 4th. Susquehanna restated a “neutral” rating and set a $195.00 price target (down from $218.00) on shares of Old Dominion Freight Line in a report on Tuesday, January 7th. Bank of America decreased their price target on shares of Old Dominion Freight Line from $237.00 to $204.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Evercore ISI decreased their price target on shares of Old Dominion Freight Line from $199.00 to $188.00 and set an “in-line” rating for the company in a report on Thursday, October 3rd. Finally, Jefferies Financial Group upped their price target on shares of Old Dominion Freight Line from $185.00 to $190.00 and gave the company a “hold” rating in a report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $202.44.

Insider Buying and Selling at Old Dominion Freight Line

In other Old Dominion Freight Line news, Director Leo H. Suggs sold 3,000 shares of Old Dominion Freight Line 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 sale, the director now directly owns 7,383 shares of the company’s stock, valued at approximately $1,664,423.52. The trade was a 28.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 9.90% of the company’s stock.

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.