337,006 Shares in FedEx Freight Hldg Co $FDXF Bought by Allianz Asset Management GmbH

Allianz Asset Management GmbH purchased a new position in FedEx Freight Hldg Co (NYSE:FDXF - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 337,006 shares of the company's stock, valued at approximately $50,888,000. Allianz Asset Management GmbH owned 0.23% of FedEx Freight at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. CYBER HORNET ETFs LLC bought a new position in shares of FedEx Freight during the 2nd quarter worth about $44,000. United Community Bank bought a new stake in FedEx Freight in the 2nd quarter valued at about $46,000. Syntax Research Inc. acquired a new position in FedEx Freight during the 2nd quarter worth approximately $64,000. First Bancorp Inc ME acquired a new position in FedEx Freight during the 2nd quarter worth approximately $80,000. Finally, Investors Research Corp bought a new position in FedEx Freight in the second quarter worth approximately $80,000.

FedEx Freight Price Performance

Shares of FedEx Freight stock opened at $129.13 on Tuesday. FedEx Freight Hldg Co has a 52 week low of $123.24 and a 52 week high of $194.27. The business has a 50 day moving average of $143.02.

FedEx Freight (NYSE:FDXF - Get Free Report) last announced its earnings results on Thursday, June 25th. The company reported $0.00 earnings per share (EPS) for the quarter. On average, equities research analysts predict that FedEx Freight Hldg Co will post 5.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FDXF has been the subject of a number of research reports. Citigroup began coverage on FedEx Freight in a research note on Wednesday, July 15th. They issued an "outperform" rating for the company. Zacks Research upgraded FedEx Freight to a "hold" rating in a report on Tuesday, June 2nd. Truist Financial started coverage on shares of FedEx Freight in a research report on Tuesday, June 2nd. They issued a "hold" rating for the company. Wolfe Research assumed coverage on shares of FedEx Freight in a research note on Thursday, June 4th. They set an "outperform" rating and a $180.00 price target for the company. Finally, The Goldman Sachs Group began coverage on shares of FedEx Freight in a report on Wednesday, July 1st. They set a "buy" rating and a $186.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, FedEx Freight has an average rating of "Moderate Buy" and a consensus price target of $177.90.

About FedEx Freight

FedEx Freight is the less-than-truckload (LTL) freight transportation arm of FedEx, providing time-definite, regional, and interregional shipping services for commercial customers in North America. The company specializes in moving palletized freight that is too large for parcel shipment but does not require a full truckload, and it offers services designed to help businesses manage supply chain and distribution needs.

As part of the FedEx family of companies, FedEx Freight operates an extensive network of service centers and transportation routes across the United States, Canada, and Mexico.

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