Atlantic Trust Group buys $133,556,743 stake in Old Dominion Freight Line (ODFL)

Old Dominion Freight Line (ODFL) : Atlantic Trust Group scooped up 3,465 additional shares in Old Dominion Freight Line during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 1,925,281 shares of Old Dominion Freight Line which is valued at $133,556,743.Old Dominion Freight Line makes up approximately 0.94% of Atlantic Trust Group’s portfolio.

Other Hedge Funds, Including , Blackrock Fund Advisors boosted its stake in ODFL in the latest quarter, The investment management firm added 112,234 additional shares and now holds a total of 2,392,291 shares of Old Dominion Freight Line which is valued at $165,953,227. Old Dominion Freight Line makes up approx 0.04% of Blackrock Fund Advisors’s portfolio. Pioneer Investment Management Inc sold out all of its stake in ODFL during the most recent quarter. The investment firm sold 102,926 shares of ODFL which is valued $7,139,977.Bb&t Securities boosted its stake in ODFL in the latest quarter, The investment management firm added 410 additional shares and now holds a total of 6,510 shares of Old Dominion Freight Line which is valued at $459,932. Old Dominion Freight Line makes up approx 0.01% of Bb&t Securities’s portfolio.Nisa Investment Advisors reduced its stake in ODFL by selling 600 shares or 1.56% in the most recent quarter. The Hedge Fund company now holds 37,900 shares of ODFL which is valued at $2,464,637. Old Dominion Freight Line makes up approx 0.03% of Nisa Investment Advisors’s portfolio.

Old Dominion Freight Line opened for trading at $69.87 and hit $70.01 on the upside on Tuesday, eventually ending the session at $69.8, with a gain of 0.48% or 0.33 points. The heightened volatility saw the trading volume jump to 2,95,413 shares. Company has a market cap of $5,783 M.

On the company’s financial health, Old Dominion Freight Line reported $0.98 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.95. The company had revenue of $755.40 million for the quarter, compared to analysts expectations of $753.31 million. The company’s revenue was down -.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.00 EPS.

Many Wall Street Analysts have commented on Old Dominion Freight Line. Company shares were Reiterated by Cowen on Jul 28, 2016 to “Market Perform”, Firm has raised the Price Target to $ 73 from a previous price target of $63 .

Old Dominion Freight Line Inc. (Old Dominion) is a less-than-truckload (LTL) motor carrier providing regional inter-regional and national LTL service and logistics services. In addition to its LTL services it offers a range of services including international freight forwarding ground and air expedited transportation container delivery truckload brokerage supply chain consulting warehousing and consumer household pickup and delivery. Its infrastructure allows it to provide next-day and second-day service within each of its six regions covering the continental United States as well as inter-regional and national service between these regions. As of December 31 2014 it operated through 222 service center locations of which it owned 176 and leased 46. As of December 31 2014 it owned 6907 tractors. As of December 31 2014 it owned 27259 trailers.

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