As Old Dominion Fght Lines INC (ODFL) Shares Rose, Palisade Capital Management LLC Has Lowered by $5.38 Million Its Stake

October 13, 2018 - By Clifton Ray

Old Dominion Freight Line, Inc. (NASDAQ:ODFL) LogoInvestors sentiment increased to 1.13 in 2018 Q2. Its up 0.05, from 1.08 in 2018Q1. It improved, as 27 investors sold ODFL shares while 133 reduced holdings. 53 funds opened positions while 127 raised stakes. 57.94 million shares or 0.48% more from 57.66 million shares in 2018Q1 were reported. Navellier And Associate Inc invested in 23,503 shares. Moreover, Fjarde Ap has 0.05% invested in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) for 22,494 shares. Primecap Mngmt Ca invested in 0.02% or 203,000 shares. 41,136 were accumulated by Voloridge Investment Mgmt Limited Liability Company. Redwood Invs Limited Com reported 86,281 shares stake. Fred Alger Mgmt stated it has 18,285 shares or 0.01% of all its holdings. Acadian Asset Ltd invested in 0% or 26 shares. Emerald Advisers Pa holds 4,470 shares or 0.03% of its portfolio. Blair William & Company Il stated it has 21,921 shares or 0.02% of all its holdings. Ubs Asset Mgmt Americas owns 184,959 shares for 0% of their portfolio. Freestone Cap Ltd has invested 0.01% in Old Dominion Freight Line, Inc. (NASDAQ:ODFL). Comm National Bank & Trust reported 1,692 shares. Proshare Advsrs Limited Liability Corporation has invested 0.01% in Old Dominion Freight Line, Inc. (NASDAQ:ODFL). Wells Fargo & Communications Mn reported 0.03% of its portfolio in Old Dominion Freight Line, Inc. (NASDAQ:ODFL). Strs Ohio, a Ohio-based fund reported 43,353 shares.

Since May 23, 2018, it had 0 buys, and 1 sale for $118,752 activity.

Palisade Capital Management Llc decreased its stake in Old Dominion Fght Lines Inc (ODFL) by 16.7% based on its latest 2018Q2 regulatory filing with the SEC. Palisade Capital Management Llc sold 36,329 shares as the company’s stock rose 2.88% with the market. The hedge fund held 181,236 shares of the transportation company at the end of 2018Q2, valued at $27.00 million, down from 217,565 at the end of the previous reported quarter. Palisade Capital Management Llc who had been investing in Old Dominion Fght Lines Inc for a number of months, seems to be less bullish one the $11.20B market cap company. The stock increased 0.19% or $0.26 during the last trading session, reaching $136.57. About 654,607 shares traded or 6.99% up from the average. Old Dominion Freight Line, Inc. (NASDAQ:ODFL) has risen 63.63% since October 13, 2017 and is uptrending. It has outperformed by 48.01% the S&P500.

Palisade Capital Management Llc, which manages about $5.40B and $3.46B US Long portfolio, upped its stake in Syneos Health Inc by 156,883 shares to 784,653 shares, valued at $36.80M in 2018Q2, according to the filing. It also increased its holding in Blackline Inc by 122,332 shares in the quarter, for a total of 250,651 shares, and has risen its stake in Lkq Corp (NASDAQ:LKQ).

Analysts await Old Dominion Freight Line, Inc. (NASDAQ:ODFL) to report earnings on October, 25. They expect $1.95 earnings per share, up 57.26 % or $0.71 from last year’s $1.24 per share. ODFL’s profit will be $159.89M for 17.51 P/E if the $1.95 EPS becomes a reality. After $1.99 actual earnings per share reported by Old Dominion Freight Line, Inc. for the previous quarter, Wall Street now forecasts -2.01 % negative EPS growth.

More recent Old Dominion Freight Line, Inc. (NASDAQ:ODFL) news were published by: Benzinga.com which released: “10 Biggest Price Target Changes For Friday” on October 12, 2018. Also Benzinga.com published the news titled: “Hurricane Michael Aftermath: Localized Damage, Regional Supply Chains Intact” on October 12, 2018. Gurufocus.com‘s news article titled: “David Rolfe’s Wedgewood Partners 3rd Quarter 2018 Client Letter” with publication date: October 12, 2018 was also an interesting one.

Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Ratings Coverage

Among 6 analysts covering Old Dominion Freight (NASDAQ:ODFL), 3 have Buy rating, 1 Sell and 2 Hold. Therefore 50% are positive. Old Dominion Freight had 8 analyst reports since April 20, 2018 according to SRatingsIntel. The stock has “Hold” rating by Stifel Nicolaus on Friday, April 20. On Friday, July 27 the stock rating was maintained by Morgan Stanley with “Overweight”. Bank of America maintained the stock with “Underperform” rating in Thursday, August 30 report. The stock of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) has “Overweight” rating given on Monday, July 2 by KeyBanc Capital Markets. The firm has “Overweight” rating by Morgan Stanley given on Tuesday, October 9. The rating was maintained by Buckingham Research with “Neutral” on Friday, October 12. Buckingham Research maintained the stock with “Neutral” rating in Friday, July 27 report.

Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Institutional Positions Chart

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