American National Insurance Company Has Trimmed General Electric Co. (GE) Holding By $325,000; Old Dominion Freight Line, Inc. (ODFL) Had 5 Analysts Last Week

June 21, 2018 - By Jonathan Benavides

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

Among 15 analysts covering Old Dominion Freight Line (NASDAQ:ODFL), 5 have Buy rating, 2 Sell and 8 Hold. Therefore 33% are positive. Old Dominion Freight Line had 52 analyst reports since August 3, 2015 according to SRatingsIntel. Stifel Nicolaus maintained the shares of ODFL in report on Tuesday, September 19 with “Hold” rating. On Tuesday, June 6 the stock rating was upgraded by Bank of America to “Neutral”. The rating was initiated by Bank of America with “Buy” on Friday, October 2. On Thursday, October 26 the stock rating was maintained by Cowen & Co with “Hold”. As per Friday, July 31, the company rating was maintained by RBC Capital Markets. Credit Suisse maintained the shares of ODFL in report on Wednesday, December 6 with “Buy” rating. The firm has “Buy” rating by KeyBanc Capital Markets given on Monday, March 5. Stephens maintained the stock with “Buy” rating in Tuesday, January 2 report. On Monday, July 31 the stock rating was downgraded by Deutsche Bank to “Hold”. Morgan Stanley maintained the stock with “Overweight” rating in Wednesday, February 21 report. See Old Dominion Freight Line, Inc. (NASDAQ:ODFL) latest ratings:

23/05/2018 Broker: Argus Research Rating: Buy New Target: $175 Initiates Coverage On
20/04/2018 Broker: Stifel Nicolaus Rating: Hold New Target: $150.0000 Maintain
10/04/2018 Broker: Robert W. Baird Rating: Hold New Target: $145.0000 Maintain
10/04/2018 Broker: Goldman Sachs Rating: Neutral New Target: $144 Initiates Coverage On
08/03/2018 Broker: Bank of America Old Rating: Underperform New Rating: Underperform Old Target: $127 New Target: $133 Maintain
05/03/2018 Broker: KeyBanc Capital Markets Rating: Buy New Target: $155.0 Maintain
21/02/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $99 New Target: $150 Maintain
09/02/2018 Broker: Buckingham Research Old Rating: Neutral New Rating: Neutral Old Target: $144 New Target: $153 Maintain
08/02/2018 Broker: Stephens Rating: Buy New Target: $156.0 Maintain
08/02/2018 Broker: Stifel Nicolaus Rating: Hold New Target: $144.0 Maintain

American National Insurance Company decreased General Electric Co. (GE) stake by 2.99% reported in 2018Q1 SEC filing. American National Insurance Company sold 25,000 shares as General Electric Co. (GE)’s stock declined 0.14%. The American National Insurance Company holds 810,375 shares with $10.92M value, down from 835,375 last quarter. General Electric Co. now has $110.65 billion valuation. The stock decreased 1.09% or $0.14 during the last trading session, reaching $12.74. About 62.50M shares traded. General Electric Company (NYSE:GE) has declined 46.78% since June 21, 2017 and is downtrending. It has underperformed by 59.35% the S&P500. Some Historical GE News: 20/04/2018 – GENERAL ELECTRIC CO – 1Q’18 ADJUSTED EPS (NON-GAAP) OF $0.16; 26/03/2018 – Retail Al Software Provider Fract Announces Partnership with Current, Powered by GE; 03/05/2018 – GE Warns It Might Put Subprime Lending Unit Into Bankruptcy Filing; 08/03/2018 – GENERAL ELECTRIC: GE INSTALLS 1ST OFFSHORE WIND TURBINE AT MERK; 07/03/2018 – Baker Hughes, a GE Company Announces February 2018 Rig Counts; 22/03/2018 – REG-GROUPE EUROTUNNEL SE Eurotunnel and GE Partner to Increase Traffic in Channel Tunnel; 09/03/2018 – Yahoo! Finance: Exclusive: GE explores divesting electrical engineering business; 29/05/2018 – Global Commercial Aircraft Turbofan Engine Manufacturers Annual Strategy Dossier 2018 Featuring GE Aviation, Pratt & Whitney, Rolls Royce, Safran – ResearchAndMarkets.com; 22/05/2018 – Joe White: Exclusive: GE seeking to shed troubled insurance business; 12/03/2018 – GE TO SUPPLY 425MW WIND POWER EQUIPMENT TO TURKEY’S FINA ENERJI

Since May 23, 2018, it had 0 insider purchases, and 1 insider sale for $118,752 activity. SUGGS LEO H also sold $118,752 worth of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) shares.

Investors sentiment decreased to 1.08 in Q1 2018. Its down 0.14, from 1.22 in 2017Q4. It turned negative, as 19 investors sold Old Dominion Freight Line, Inc. shares while 141 reduced holdings. 57 funds opened positions while 115 raised stakes. 57.66 million shares or 5.07% less from 60.74 million shares in 2017Q4 were reported. Atlantic Tru Gp Ltd Liability Co reported 0.02% in Old Dominion Freight Line, Inc. (NASDAQ:ODFL). 8,622 were reported by M&T Savings Bank Corporation. Columbia Asset invested in 0.09% or 2,063 shares. Oak Ridge Ltd Liability Co has 0.15% invested in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) for 18,354 shares. Groesbeck Invest Mngmt Nj has 0.55% invested in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) for 5,125 shares. Alps Advisors reported 7,669 shares. Guggenheim Capital Llc reported 49,196 shares. Bnp Paribas Arbitrage Sa has 34,093 shares for 0% of their portfolio. Rk Management Ltd Liability Corp has invested 1.94% in Old Dominion Freight Line, Inc. (NASDAQ:ODFL). Brown Brothers Harriman has 0% invested in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) for 85 shares. Knightsbridge Asset Management Ltd Liability holds 66,380 shares or 6.06% of its portfolio. The California-based Granite Investment Partners Ltd Liability has invested 0.7% in Old Dominion Freight Line, Inc. (NASDAQ:ODFL). The France-based Natixis has invested 0% in Old Dominion Freight Line, Inc. (NASDAQ:ODFL). 11,848 were reported by Janney Montgomery Scott Ltd Liability. Vanguard Gru invested in 6.27 million shares.

Old Dominion Freight Line, Inc. operates as a less-than-truckload motor carrier in the United States and North America. The company has market cap of $13.20 billion. It provides regional, inter-regional, and national LTL services, including ground and air expedited transportation, and consumer household pickup and delivery. It has a 26.07 P/E ratio. The firm also offers various value-added services comprising container drayage, truckload brokerage, supply chain consulting, and warehousing.

More recent Old Dominion Freight Line, Inc. (NASDAQ:ODFL) news were published by: Nasdaq.com which released: “4 Top Ranked Momentum Stocks to Buy for June 20th” on June 20, 2018. Also Globenewswire.com published the news titled: “Report: Developing Opportunities within Axon Enterprise, Old Dominion Freight Line, Pennsylvania Real Estate …” on June 15, 2018. Businesswire.com‘s news article titled: “Old Dominion Freight Line Provides Update for Second-Quarter 2018” with publication date: June 05, 2018 was also an interesting one.

The stock decreased 1.52% or $2.48 during the last trading session, reaching $160.59. About 265,370 shares traded. Old Dominion Freight Line, Inc. (NASDAQ:ODFL) has risen 71.80% since June 21, 2017 and is uptrending. It has outperformed by 59.23% the S&P500. Some Historical ODFL News: 05/03/2018 Old Dominion Freight Line Provides Update for First-Quarter 2018; 17/05/2018 – OLD DOMINION FREIGHT LINE – NEW REPURCHASE PROGRAM WILL COMMENCE UPON EXPIRATION OF PREVIOUSLY AUTHORIZED 2-YR PROGRAM ANNOUNCED ON MAY 23, 2016; 09/03/2018 – OLD DOMINION FREIGHT SAYS GREG GANTT TO BECOME CEO; 09/05/2018 – REG-Busy quarter for Odfjell SE in a continued challenging chemical tanker market; 24/04/2018 – Old Dominion Closes Below 50-Day Moving Average: Technicals; 08/03/2018 – REG-Odfjell SE: Presentation at DNB’s Oil, Offshore and Shipping Conference; 25/04/2018 – Rob Dauster: Nevada just landed a commitment from 6-10 Trey Porter, a grad transfer from Old Dominion, per a source. Averaged; 08/05/2018 – Old Dominion Freight Line (ODFL) Gains Tied to Unconfirmed Rumors; 05/03/2018 – OLD DOMINION FREIGHT LINE – FEB LTL TONS/DAY INCREASED DUE TO A 13.0% INCREASE IN LTL SHIPMENTS PER DAY AND A 4.4% INCREASE IN LTL WEIGHT PER SHIPMENT; 26/04/2018 – OLD DOMINION FREIGHT LINE INC – QTRLY SHR $1.33

Among 29 analysts covering General Electric Company (NYSE:GE), 9 have Buy rating, 6 Sell and 14 Hold. Therefore 31% are positive. General Electric Company had 104 analyst reports since July 21, 2015 according to SRatingsIntel. J.P. Morgan maintained the stock with “Sell” rating in Wednesday, May 30 report. The firm has “Underweight” rating given on Monday, February 12 by JP Morgan. Morgan Stanley maintained the shares of GE in report on Monday, October 2 with “Equal-Weight” rating. The stock of General Electric Company (NYSE:GE) earned “Buy” rating by S&P Research on Monday, August 17. The stock has “Hold” rating by Oppenheimer on Monday, July 24. The rating was downgraded by Deutsche Bank on Friday, May 12 to “Sell”. The firm has “Neutral” rating given on Monday, October 23 by UBS. The firm earned “Hold” rating on Sunday, December 10 by Stifel Nicolaus. The firm earned “Hold” rating on Friday, April 21 by Cowen & Co. The firm earned “Hold” rating on Wednesday, January 24 by CFRA.

More notable recent General Electric Company (NYSE:GE) news were published by: Seekingalpha.com which released: “General Electric Kicked Off The Dow – The Worst Board Of Directors In America” on June 21, 2018, also Seekingalpha.com with their article: “General Electric And Its Real Value” published on June 21, 2018, Seekingalpha.com published: “GE sticks to plan despite Dow boot” on June 20, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Thestreet.com and their article: “Why GE’s Stock Has Fallen 15% in the Last 30 Days” published on June 17, 2018 as well as Seekingalpha.com‘s news article titled: “GE: A Lesson In How Not To Run A Company – Do Not Buy” with publication date: June 21, 2018.

Investors sentiment increased to 0.55 in 2018 Q1. Its up 0.05, from 0.5 in 2017Q4. It improved, as 153 investors sold GE shares while 804 reduced holdings. 124 funds opened positions while 398 raised stakes. 4.54 billion shares or 3.00% less from 4.69 billion shares in 2017Q4 were reported. Norinchukin Bancshares The reported 1.38M shares. 54,066 were reported by Raab Moskowitz Asset Ltd Limited Liability Company. Knott David M owns 0.16% invested in General Electric Company (NYSE:GE) for 28,680 shares. Bartlett And Company Ltd reported 0.09% stake. Willis Inv Counsel accumulated 873,453 shares or 0.91% of the stock. Van Hulzen Asset Management Ltd Llc stated it has 38,607 shares. Arete Wealth Advisors Ltd Limited Liability Company invested 0.2% in General Electric Company (NYSE:GE). Mitchell Mcleod Pugh Williams, Alabama-based fund reported 40,024 shares. King Wealth invested in 0.13% or 26,722 shares. Montecito National Bank & Trust, a California-based fund reported 25,990 shares. Hsbc Public Ltd Liability Corp holds 0.45% in General Electric Company (NYSE:GE) or 22.45M shares. Scotia Capital Inc holds 1.17 million shares. Quantres Asset Mgmt, Cayman Islands-based fund reported 59,100 shares. Ls Inv Advsr Lc reported 346,969 shares or 0.28% of all its holdings. Bradley Foster And Sargent Ct reported 286,591 shares.

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

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