8,181 FedEx Freight Hldg Co $FDXF Shares Sold by Heritage Investors Management Corp

Key Points

• Heritage Investors Management reduced its FedEx Freight stake by 16.7%, selling 8,181 shares in the third quarter and retaining 40,818 shares valued at approximately $4.47 million.
• Despite the sale, several major institutions—including State Street, Maple Rock Capital, Allianz Asset Management, and the National Pension Service—established new positions in FedEx Freight during the second quarter.
• FedEx Freight reported quarterly EPS of $1.49, exceeding the $1.38 consensus estimate, while analysts maintained a “Moderate Buy” consensus and an average price target of $159.

Heritage Investors Management Corp reduced its holdings in shares of FedEx Freight Hldg Co (NYSE:FDXF - Free Report) by 16.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 40,818 shares of the company's stock after selling 8,181 shares during the quarter. Heritage Investors Management Corp's holdings in FedEx Freight were worth $4,465,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in FDXF. State Street Corp acquired a new stake in shares of FedEx Freight during the 2nd quarter worth about $723,747,000. Maple Rock Capital Partners Inc. purchased a new stake in FedEx Freight during the second quarter worth approximately $68,207,000. Allianz Asset Management GmbH acquired a new position in FedEx Freight in the second quarter valued at approximately $50,888,000. National Pension Service acquired a new position in FedEx Freight in the second quarter valued at approximately $26,648,000. Finally, Diamond Hill Capital Management LLC Investment Advisor acquired a new position in FedEx Freight in the second quarter valued at approximately $19,666,000.

FedEx Freight Price Performance

Shares of NYSE FDXF opened at $126.41 on Monday. FedEx Freight Hldg Co has a twelve month low of $103.47 and a twelve month high of $194.27. The company has a 50 day moving average price of $118.84.

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

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Citigroup initiated coverage on shares of FedEx Freight in a research note on Wednesday, July 15th. They issued an "outperform" rating on the stock. Sanford C. Bernstein began coverage on shares of FedEx Freight in a research report on Thursday, September 10th. They set a "market perform" rating and a $133.00 price objective for the company. Stephens began coverage on shares of FedEx Freight in a report on Wednesday, July 8th. They issued an "overweight" rating and a $180.00 target price for the company. Truist Financial lowered their target price on shares of FedEx Freight from $155.00 to $115.00 and set a "hold" rating for the company in a report on Wednesday, October 7th. Finally, BMO Capital Markets set a $130.00 target price on shares of FedEx Freight in a research report on Wednesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $159.00.

More FedEx Freight News

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 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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