Old Dominion Freight Line (NASDAQ:ODFL) Earning Positive Press Coverage, Report Shows

Bruno Cirelli
Luglio 28, 2017

During the same quarter in the prior year, the company posted $0.98 earnings per share.

The freight line attributes growth in LTL tonnage "to the continued improvement in the domestic economy and the consistent execution of our long-term strategic plan of delivering superior service at a fair price", said Congdon. The stock declined 2.39% or $2.4 reaching $98 per share. These holdings make up 74.59% of the company's outstanding shares. Moreover, Blackrock Inc has 0.01% invested in Old Dominion Freight Line (NASDAQ:ODFL). It has outperformed by 21.15% the S&P500.

Clifford Swan Investment Counsel Llc increased its stake in The Walt Disney Company (DIS) by 3.41% based on its latest 2016Q4 regulatory filing with the SEC.

Tributary Capital Management, LLC divested its position by selling 400 shares a decrease of 2.3%. Dominion Res Inc Va New now has $48.51B valuation. The stock rose 0.45% or $0.48 reaching $106.9 per share.

About 369 shares traded. The Walt Disney Company had 99 analyst reports since July 24, 2015 according to SRatingsIntel. It has underperformed by 2.87% the S&P500.

Investors sentiment decreased to 0.7 in 2016 Q4. Its down 0.25, from 1.12 in 2016Q3. It is positive, as 115 investors sold MDT shares while 468 reduced holdings. Kanaly owns 34 shares or 0% of their U.S. portfolio. Victory Mgmt Inc reported 1.79 million shares. Quantitative Management reported 49,600 shares or 0.11% of all its holdings. Numeric Lc has 1.87% invested in Gilead Sciences, Inc. It also upped Vanguard Total Bond Market Etf (BND) stake by 166,010 shares and now owns 170,810 shares. Allstate invested 0.1% in Medtronic plc. Neuberger Berman Ltd Liability Company holds 146,613 shares. Allianz Asset Ag holds 0.25% or 3.96M shares. Dorsey Whitney Tru Ltd reported 0.07% of its portfolio in Gilead Sciences, Inc. The Pennsylvania-based Berkshire Asset Management Llc Pa has invested 2.81% in the stock.

Since January 30, 2017, it had 0 insider purchases, and 4 insider sales for $11.94 million activity. Bnp Paribas Arbitrage holds 20,200 shares or 0.01% of its portfolio. $668,667 worth of Gilead Sciences, Inc. WOODFORD BRENT sold $221,000 worth of stock or 2,000 shares. Days to cover increased 0.8 to 6.5 and the percentage of shorted shares is 0.03% as of May 31. The Electron Capital Partners Llc holds 236,777 shares with $18.14M value, up from 165,491 last quarter. Ishares Russell 2000 Etf (IWM) was raised too. The stock presently has a consensus rating of "Buy" and an average target price of $96.78. Therefore 78% are positive. (NYSE:LEG) to report earnings on July, 27 after the close. Barclays Capital maintained Walt Disney Co (NYSE:DIS) on Sunday, August 16 with "Hold" rating.

A number of other large investors also recently bought and sold shares of ODFL. The company was maintained on Friday, July 31 by Deutsche Bank. The firm has "Buy" rating by Bank of America given on Wednesday, February 22. Deutsche Bank has "Hold" rating and $82 target. Morgan Stanley downgraded Gilead Sciences, Inc. The stock has "Neutral" rating by Citigroup on Wednesday, October 7. Compass Point has "Neutral" rating and $8.50 target.

The company spent $131.3 million on capital investments during the quarter. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.09 per share. Therefore 25% are positive. On average, equities analysts forecast that Old Dominion Freight Line, Inc. will post $3.99 EPS for the current year. The firm has "Market Perform" rating by Cowen & Co given on Friday, April 29. The firm earned "Outperform" rating on Wednesday, September 23 by RBC Capital Markets.

Thomas White International Ltd increased Old Dominion Fght Lines Inc (ODFL) stake by 38.64% reported in 2016Q4 SEC filing. The firm has "Neutral" rating given on Tuesday, June 6 by Bank of America. On Tuesday, June 6 the stock rating was upgraded by Bank of America to "Neutral". Stifel Nicolaus downgraded the stock to "Hold" rating in Thursday, April 28 report. Cowen and Company lifted their target price on shares of Old Dominion Freight Line from $88.00 to $92.00 and gave the stock a "market perform" rating in a research report on Thursday, April 27th. Lpl Fincl Ltd Liability Com stated it has 0.01% of its portfolio in Old Dominion Freight Line (NASDAQ:ODFL). Bank of America downgraded the stock to "Underperform" rating in Friday, October 28 report.

Dimensional Fund Advisors LP increased its stake in shares of J.B. Hunt Transport Services by 1.0% in the fourth quarter. (ODFL) opened at 100.40 on Thursday. 55 funds opened positions while 80 raised stakes. Raymond James Financial Service Advsrs Inc owns 49,108 shares or 0.04% of their U.S. portfolio. Wal-Mart Stores Inc had 91 analyst reports since August 14, 2015 according to SRatingsIntel. Chicago Equity Prtn Limited Company reported 5,370 shares. The stock has a beta value of 1.08.

The biggest institutional shareholders in Old Dominion Freight Line, Inc. include Capital Research Global Investors which owns 6 million shares in the company valued at $522.03 million. Teacher Retirement System Of Texas has invested 0% in Old Dominion Freight Line (NASDAQ:ODFL). Wesbanco State Bank reported 4,800 shares. Dynamic Cap Mgmt Limited invested in 0.24% or 25,943 shares. AQR Capital Management LLC increased its position in shares of Old Dominion Freight Line by 100.3% in the first quarter.

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