Old Dominion Freight Line (ODFL) Earning Favorable News Coverage, Study Finds

Ivan Schwartz
June 2, 2017

With 111,000 avg volume, 2 days are for San Juan Basin Royalty Trust Ubi (NYSE:SJT)'s short sellers to cover SJT's short positions. About 26,870 shares traded.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 20th.

Old Dominion Freight Line Company Profile Old Dominion Freight Line, Inc is a union-free motor carrier providing regional, inter-regional and national less-than-truckload (LTL) services. Us Fincl Bank De holds 16,432 shares or 0.01% of its portfolio. Old Dominion Freight Line had 17 analyst reports since August 3, 2015 according to SRatingsIntel. M&T Bank Corp now owns 5,284 shares of the transportation company's stock valued at $453,000 after buying an additional 14 shares during the last quarter. Cigna Investments Inc. New purchased a new stake in Old Dominion Freight Line during the fourth quarter worth $216,000. It has outperformed by 21.15% the S&P500. Finally, FMR LLC boosted its position in Old Dominion Freight Line by 1.1% in the fourth quarter. Stifel Nicolaus downgraded the stock to "Hold" rating in Thursday, April 28 report. The firm earned "Neutral" rating on Thursday, October 8 by BNP Paribas. Avondale has "Market Perform" rating and $45 target. The rating was initiated by Deutsche Bank with "Buy" on Wednesday, November 2. The company has a market cap of $7.42 billion, a price-to-earnings ratio of 24.70 and a beta of 1.02. The Firm offers a range of intelligent solutions and services that support the clinical, financial and operational needs of organizations of all sizes. The Company's divisions include Domestic and Global. Its up 0.23, from 0.81 in 2016Q3. Parallax Volatility Advisers Lp reported 863 shares. 141,059 are owned by Proshare Advsr Limited Co. California Pub Employees Retirement Sys reported 197,000 shares stake.

Harvest Capital Strategies Llc holds 6.03% of its portfolio in Servicesource International Inc for 7.80 million shares. Madison Invest Holdings, Wisconsin-based fund reported 135,135 shares. Zurcher Kantonalbank (Zurich Cantonalbank) reported 2,063 shares or 0% of all its holdings. Country Club Tru Na accumulated 19,006 shares or 0.14% of the stock. Creative Planning holds 0% or 688 shares in its portfolio. 315,395 shares of the stock were exchanged.

Since January 1, 0001, it had 0 insider buys, and 1 sale for $12,344 activity. $297,344 worth of Cerner Corporation (NASDAQ:CERN) was sold by ZOLLARS WILLIAM D. Therefore 25% are positive. In Wednesday trading, Old Dominion Freight Line, Inc. shares are now trading flat, Ensco plc shares are down about 2.5%, and Avnet Inc shares are off about 0.2% on the day. On Friday, July 31 the stock rating was maintained by Cowen & Co with "Market Perform". Cowen & Co maintained Old Dominion Freight Line (NASDAQ:ODFL) rating on Friday, April 29. The firm has "Hold" rating by Deutsche Bank given on Friday, July 31. RBC Capital Markets downgraded Old Dominion Freight Line (NASDAQ:ODFL) rating on Thursday, January 7. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. RBC Capital Markets has "Sector Perform" rating and $60.0 target.

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Shares of Old Dominion Freight Line (NASDAQ ODFL) traded up 0.76% during mid-day trading on Thursday, hitting $90.00. The company was maintained on Wednesday, September 23 by RBC Capital Markets. The stock of Old Dominion Freight Line (NASDAQ:ODFL) has "Neutral" rating given on Wednesday, October 7 by Citigroup.

Investors sentiment increased to 1.04 in Q4 2016.

01/16/2015 - Old Dominion Freight Line, Inc. was upgraded to "outperform" by analysts at Zacks. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Old Dominion Freight Line by 7.2% in the first quarter. Zurcher Kantonalbank (Zurich Cantonalbank) owns 2,063 shares. Blackrock Advisors Limited Liability Company reported 0% of its portfolio in Old Dominion Freight Line (NASDAQ:ODFL). During the same period in the prior year, the business posted $0.72 earnings per share. Credit Agricole S A has invested 0.04% in Old Dominion Freight Line (NASDAQ:ODFL). Finally, BlackRock Advisors LLC increased its position in shares of Old Dominion Freight Line by 2.2% in the third quarter. Sib Limited has invested 10.41% in Old Dominion Freight Line (NASDAQ:ODFL). Scout Invs holds 93,679 shares. Daiwa Secs Group accumulated 1,800 shares. (NASDAQ:ODFL) is expected to pay $0.10 on Jun 20, 2017. Ww Asset Inc owns 4,209 shares. Florida-based Jaffetilchin Investment Ptnrs Llc has invested 0.11% in Old Dominion Freight Line (NASDAQ:ODFL).

Several brokerages recently issued reports on ODFL. Next quarter's EPS is estimated at $1.11 with next year's EPS projected to be $4.51. Ironbridge Capital Mgmt LP owns 0.24% invested in Old Dominion Freight Line (NASDAQ:ODFL) for 61,778 shares.

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