24,254 Shares in FedEx Freight Hldg Co $FDXF Purchased by Artemis Investment Management LLP

Key Points

• Artemis Investment Management purchased 24,254 shares of FedEx Freight, valued at approximately $2.65 million, during the third quarter.
• Analyst sentiment remains positive overall, with a “Moderate Buy” consensus and an average price target of $160, although Truist and Bank of America recently lowered their targets.
• FedEx Freight shares opened at $115.36, near the lower end of their 12-month range of $107.67 to $194.27, while the stock’s 50-day moving average stood at $128.62.

Artemis Investment Management LLP bought a new stake in FedEx Freight Hldg Co (NYSE:FDXF - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 24,254 shares of the company's stock, valued at approximately $2,653,000.

A number of other hedge funds also recently bought and sold shares of the business. CYBER HORNET ETFs LLC acquired a new position in FedEx Freight in the second quarter valued at about $44,000. United Community Bank purchased a new position in shares of FedEx Freight in the 2nd quarter valued at about $46,000. Tompkins Financial Corp acquired a new stake in FedEx Freight during the 3rd quarter worth $49,000. Coastline Trust Co purchased a new stake in FedEx Freight in the third quarter valued at approximately $54,000. Finally, Syntax Research Inc. acquired a new stake in shares of FedEx Freight during the second quarter worth about $64,000.

Analyst Ratings Changes

A number of research firms recently weighed in on FDXF. Truist Financial decreased their price target on FedEx Freight from $155.00 to $115.00 and set a "hold" rating on the stock in a research note on Wednesday. BMO Capital Markets set a $130.00 target price on shares of FedEx Freight in a report on Wednesday. Jefferies Financial Group started coverage on FedEx Freight in a research report on Tuesday, June 23rd. They issued a "buy" rating and a $200.00 price objective for the company. Stephens initiated coverage on shares of FedEx Freight in a research note on Wednesday, July 8th. They set an "overweight" rating and a $180.00 price target on the stock. Finally, Bank of America cut their price objective on FedEx Freight from $157.00 to $140.00 and set a "buy" rating on the stock in a report on Tuesday, September 29th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, FedEx Freight currently has an average rating of "Moderate Buy" and an average target price of $160.00.

FedEx Freight Trading Up 1.7%

FDXF stock opened at $115.36 on Friday. The firm's 50 day moving average price is $128.62. FedEx Freight Hldg Co has a 12-month low of $107.67 and a 12-month high of $194.27.

About FedEx Freight

FedEx Freight is a transportation and logistics company focused on less-than-truckload (LTL) shipping. It moves palletized and oversized freight that does not require a full truck, serving commercial, industrial and residential customers through scheduled pickup and delivery services.

The company offers time-sensitive and cost-conscious freight options, including FedEx Freight Priority and FedEx Freight Economy. Its services also include shipment tracking and visibility tools, freight pickup and delivery, cross-border transportation, and specialized solutions for shipments requiring additional handling or delivery coordination.

FedEx Freight primarily serves the United States, with transportation connections to Canada, Mexico and other international markets through the broader FedEx network.

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