10,285 FedEx Freight Hldg Co $FDXF Shares Sold by Asset Management One Co. Ltd.

Key Points

• Asset Management One reduced its FedEx Freight stake by 18.3%, selling 10,285 shares and ending the quarter with 45,777 shares valued at approximately $5.0 million. Other institutional investors established or increased positions.
• FedEx Freight exceeded quarterly expectations, reporting $1.49 in EPS versus $1.38 expected on $2.46 billion in revenue. Strong pricing, higher freight yields and fuel surcharges supported results, while management issued a positive near-term outlook.
• Despite analyst support and a “Moderate Buy” consensus, demand remains mixed as shipments dipped and peak-season volumes are expected to be tepid; Jefferies also cut its price target to $180 from $200.

Asset Management One Co. Ltd. lowered its position in FedEx Freight Hldg Co (NYSE:FDXF - Free Report) by 18.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,777 shares of the company's stock after selling 10,285 shares during the quarter. Asset Management One Co. Ltd.'s holdings in FedEx Freight were worth $5,007,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of FDXF. Sowell Financial Services LLC bought a new position in shares of FedEx Freight in the third quarter valued at $235,000. Inspire Investing LLC acquired a new stake in FedEx Freight in the 3rd quarter valued at about $962,000. Yousif Capital Management LLC lifted its stake in FedEx Freight by 9.6% in the third quarter. Yousif Capital Management LLC now owns 15,332 shares of the company's stock valued at $1,677,000 after buying an additional 1,347 shares during the period. Lake Street Private Wealth LLC bought a new stake in FedEx Freight in the 3rd quarter valued at $854,000. Finally, Brookstone Capital Management raised its stake in shares of FedEx Freight by 7.7% during the 3rd quarter. Brookstone Capital Management now owns 3,496 shares of the company's stock worth $382,000 after purchasing an additional 249 shares in the last quarter.

FedEx Freight News Roundup

Here are the key news stories impacting FedEx Freight this week:

• Positive Sentiment: Earnings beat expectations: FedEx Freight reported $1.49 in earnings per share versus the $1.38 analyst consensus, with revenue of $2.46 billion. Higher freight yields and fuel surcharges supported revenue, while management raised its transition-period outlook. FDXF Four-Month Transition Period Earnings Beat Estimates on Higher Yields
• Positive Sentiment: Better near-term outlook: The company forecast fourth-quarter adjusted EPS of $0.65-$0.75 and revenue of $2.30-$2.37 billion, with improving volumes, pricing, and expected margin improvement supporting the forecast. FedEx Freight forecasts quarterly earnings above estimates on improving volumes, pricing
• Positive Sentiment: Pricing power remains a key strength: Management highlighted some of its strongest renewal pricing in years, helping offset softer demand and reinforcing expectations for earnings growth during the transition period. FedEx Freight Soars on Raised Outlook
• Positive Sentiment: Analyst support: Analysts cited the quarterly beat and growth targets as reasons for the favorable reaction, helping reinforce investor confidence in the newly spun-off freight carrier. FedEx Freight shares surge as analysts back growth targets
• Neutral Sentiment: Strategic expansion: After initial consolidation following the spinoff, FedEx Freight is evaluating additional opportunities to expand its less-than-truckload network and customer base. FedEx Freight goes hunting after initial consolidation
• Negative Sentiment: Demand remains mixed: Third-quarter shipments dipped slightly, and management expects peak-season volume to be tepid, meaning pricing—not strong volume growth—is currently doing much of the earnings-supporting work. FedEx Freight Q3 shipments dip slightly following spinoff
• Negative Sentiment: Price target reduced: Jefferies lowered its FedEx Freight price target to $180 from $200, signaling more cautious valuation expectations despite the earnings beat. Jefferies Adjusts Price Target on FedEx Freight

FedEx Freight Stock Up 0.3%

FDXF opened at $126.41 on Monday. FedEx Freight Hldg Co has a 12-month low of $103.47 and a 12-month high of $194.27. The firm has a fifty day simple moving average of $118.84.

FedEx Freight (NYSE:FDXF - Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The company reported $1.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.11. The business had revenue of $2.46 billion during the quarter. Sell-side analysts anticipate that FedEx Freight Hldg Co will post 4.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Sanford C. Bernstein started coverage on shares of FedEx Freight in a research report on Thursday, September 10th. They set a "market perform" rating and a $133.00 target price for the company. Citigroup began coverage on shares of FedEx Freight in a report on Wednesday, July 15th. They issued an "outperform" rating on the stock. Stifel Nicolaus dropped their price objective on shares of FedEx Freight from $160.00 to $129.00 and set a "hold" rating for the company in a research note on Thursday, October 8th. Weiss Ratings lowered FedEx Freight from a "sell (d+)" rating to a "sell (d)" rating in a research note on Tuesday, September 22nd. Finally, Citizens Jmp assumed coverage on shares of FedEx Freight in a report on Wednesday, July 15th. They issued a "market outperform" rating and a $190.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $159.00.

About FedEx Freight

FedEx Freight is a less-than-truckload (LTL) freight transportation company that provides pickup, consolidation, transportation and delivery services for shipments that do not require a full truck. Its customers include businesses across manufacturing, retail, wholesale, healthcare, technology and other industries.

The company offers a range of LTL solutions, including time-definite and day-definite services, standard and economy freight transportation, expedited shipping, volume and multiweight services, and specialized delivery options.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.