California State Teachers Retirement System Makes New $23.94 Million Investment in FedEx Freight Hldg Co $FDXF

California State Teachers Retirement System purchased a new stake in FedEx Freight Hldg Co (NYSE:FDXF - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 158,556 shares of the company's stock, valued at approximately $23,941,956. California State Teachers Retirement System owned approximately 0.11% of FedEx Freight as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. United Community Bank bought a new stake in FedEx Freight in the 2nd quarter valued at $46,000. Syntax Research Inc. bought a new position in shares of FedEx Freight during the 2nd quarter valued at about $64,000. First Bancorp Inc ME bought a new position in FedEx Freight in the 2nd quarter worth $80,000. Investors Research Corp bought a new position in FedEx Freight in the 2nd quarter valued at approximately $80,000. Finally, Sumitomo Life Insurance Co. bought a new position in FedEx Freight in the 2nd quarter worth approximately $194,000.

FedEx Freight Price Performance

FDXF stock traded down $2.19 during midday trading on Tuesday, reaching $127.25. 903,931 shares of the company traded hands, compared to its average volume of 1,596,919. FedEx Freight Hldg Co has a 52-week low of $122.43 and a 52-week high of $194.27. The stock's 50 day simple moving average is $140.51.

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. Equities research analysts expect that FedEx Freight Hldg Co will post 4.8 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Citigroup assumed coverage on FedEx Freight in a research report on Wednesday, July 15th. They issued an "outperform" rating on the stock. Sanford C. Bernstein began coverage on FedEx Freight in a research note on Thursday, September 10th. They issued a "market perform" rating and a $133.00 price target for the company. BMO Capital Markets boosted their price objective on shares of FedEx Freight from $140.00 to $150.00 and gave the company a "market perform" rating in a research report on Friday, June 26th. Wolfe Research assumed coverage on FedEx Freight in a report on Thursday, June 4th. They issued an "outperform" rating and a $180.00 price target on the stock. Finally, Wall Street Zen raised FedEx Freight to a "hold" rating in a report on Saturday, June 6th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $172.67.

About FedEx Freight

FedEx Freight is a less-than-truckload (LTL) transportation company that provides freight shipping services for businesses across North America. Its network transports palletized and other consolidated shipments that do not require a full truckload, serving manufacturers, wholesalers, retailers, distributors and other commercial customers.

The company offers a range of freight solutions, including standard and time-definite LTL delivery, expedited transportation, volume and consolidated freight services, and specialized options for residential or appointment-based deliveries.

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