Economy

+DI Over -DI on Shares of Old Dominion Freig (ODFL)

The institutional investor held 239,609 shares of the finance company at the end of 2017Q2, valued at $10.19 million, down from 266,039 at the end of the previous reported quarter. The company has market cap of $9.01 billion.

About 182,457 shares traded. Granite Construction Inc. (NYSE:GVA) has risen 16.24% since October 11, 2016 and is uptrending. It has outperformed by 8.10% the S&P500. The ratio has increased, as 136 investment managers increased or started new stock positions, while 127 reduced and sold stock positions in Old Dominion Freight Line Inc. Rk Capital Management Llc bought 30,700 shares as the company's stock declined 6.90% while stock markets rallied. After $0.94 actual earnings per share reported by Alibaba Group Holding Ltd for the previous quarter, Wall Street now forecasts -10.64% negative EPS growth. Kennedy Cap Mgmt Inc stated it has 0.14% of its portfolio in Old Dominion Freight Line (NASDAQ:ODFL). Amalgamated Commercial Bank invested in 0.04% or 12,380 shares.

When applying indicators for technical analysis, traders and investors might want to look at the ATR or Average True Range.

Another recent and important Home Bancorp, Inc. Shine Investment Advisory Svcs Inc holds 0.03% or 594 shares in its portfolio. (NASDAQ:HBCP) to report earnings on October, 24. They expect $0.47 EPS, up 4.44% or $0.02 from last year's $0.45 per share. ODFL's profit will be $95.62M for 23.45 P/E if the $1.16 EPS becomes a reality. Raymond James has 0.02% invested in Old Dominion Freight Line (NASDAQ:ODFL) for 76,090 shares.

Since May 15, 2017, it had 0 buys, and 3 sales for $1.80 million activity. Its up 0.14, from 0.93 in 2017Q1. It increased, as 34 investors sold ODFL shares while 93 reduced holdings. 39 funds opened positions while 97 raised stakes. The fund owned 5,579 shares of the transportation company's stock after selling 1,857 shares during the period.

Analysts await Old Dominion Freight Line (NASDAQ:ODFL) to report earnings on October, 26. Further, company shares have been seen trading -1.27% off of the 52 week high and 58.46% away from the 52 week low. Amer Interest Gru owns 89,830 shares for 0.01% of their portfolio.

04/01/2015 - Old Dominion Freight Line, Inc. was downgraded to "buy" by analysts at Goldman Sachs. (NYSE:UDR). Livforsakringsbolaget Skandia Omsesidigt, Sweden-based fund reported 5,066 shares. Wesbanco Financial Bank holds 3,500 shares or 0.02% of its portfolio. C M Bidwell And Assoc Ltd has 0% invested in Old Dominion Freight Line (NASDAQ:ODFL). Pathstone Family Office Limited Liability holds 546 shares. Kayne Anderson Rudnick Mgmt Limited Liability Corp reported 2% stake. Prudential Financial Inc. grew its position in shares of Old Dominion Freight Line by 228.1% during the 2nd quarter. According to data from First Call, Old Dominion Freight Line, Inc.

It appears that trading for shares of Old Dominion Freight (NASDAQ:ODFL) will be interesting to watch today. Glenmede Trust Na reported 4,408 shares stake. It also reduced its holding in International Game Technolog by 46,600 shares in the quarter, leaving it with 541,833 shares, and cut its stake in Lsi Inds Inc (NASDAQ:LYTS).

Old Dominion Freight Line, Inc.'s Return on Investment 15.40%, used to find the stock's efficiency, is calculated by dividing the return of an investment divided by its cost, is 15.40%. Therefore 18% are positive. UDR Inc had 51 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets with "Outperform" on Wednesday, September 23. Bank of America upgraded the shares of ODFL in report on Tuesday, June 6 to "Neutral" rating. The firm earned "Neutral" rating on Wednesday, December 2 by Bank of America. The stock has "Hold" rating by Cowen & Co on Friday, September 29. Morgan Stanley maintained the shares of ODFL in report on Thursday, October 5 with "Overweight" rating. The stock has "Hold" rating by Deutsche Bank on Friday, July 31. As for whether to Buy, Sell or Hold at this point, sell-side firms covering company shares have a mean recommendation of 2.60 on the stock. On Monday, July 31 the stock rating was downgraded by Deutsche Bank to "Hold". The stock has "Market Perform" rating by Cowen & Co on Friday, April 29. Freestone Capital Holding has invested 0.11% in Old Dominion Freight Line (NASDAQ:ODFL).

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