77,423 FedEx Freight Hldg Co $FDXF Shares Sold by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management cut its FedEx Freight stake by 49.5%, selling 77,423 shares and retaining 78,839 shares valued at approximately $8.6 million.
• FedEx Freight shares opened at $110.23, down 0.7%, near the lower end of their 12-month range of $105.75 to $194.27.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $158.85, despite recent target reductions from JPMorgan and Bank of America.

Robeco Institutional Asset Management B.V. reduced its stake in FedEx Freight Hldg Co (NYSE:FDXF - Free Report) by 49.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,839 shares of the company's stock after selling 77,423 shares during the period. Robeco Institutional Asset Management B.V. owned 0.05% of FedEx Freight worth $8,623,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. CoreCap Advisors LLC bought a new stake in FedEx Freight during the 3rd quarter valued at approximately $26,000. CYBER HORNET ETFs LLC purchased a new position in shares of FedEx Freight during the 2nd quarter worth approximately $44,000. United Community Bank bought a new position in shares of FedEx Freight in the 2nd quarter worth approximately $46,000. Tompkins Financial Corp bought a new position in shares of FedEx Freight in the 3rd quarter worth approximately $49,000. Finally, Coastline Trust Co bought a new position in shares of FedEx Freight in the 3rd quarter worth approximately $54,000.

FedEx Freight Trading Down 0.7%

FedEx Freight stock opened at $110.23 on Friday. The stock has a 50 day moving average of $121.39. FedEx Freight Hldg Co has a twelve month low of $105.75 and a twelve month high of $194.27.

Analysts Set New Price Targets

FDXF has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered their target price on FedEx Freight from $160.00 to $149.00 and set an "overweight" rating for the company in a research note on Monday, October 5th. Raymond James Financial reaffirmed an "outperform" rating and issued a $165.00 price target on shares of FedEx Freight in a research note on Thursday, October 15th. The Goldman Sachs Group began coverage on FedEx Freight in a report on Wednesday, July 1st. They issued a "buy" rating and a $186.00 price objective for the company. Citizens Jmp initiated coverage on FedEx Freight in a report on Wednesday, July 15th. They issued a "market outperform" rating and a $190.00 price objective for the company. Finally, Bank of America lowered their price objective on FedEx Freight from $157.00 to $140.00 and set a "buy" rating for the company in a research report on Tuesday, September 29th. One equities 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 issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $158.85.

FedEx Freight Profile

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.

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