Kiltearn Partners LLP Buys Shares of 11,439 FedEx Freight Hldg Co $FDXF

Key Points

• Kiltearn Partners LLP initiated a position in FedEx Freight, purchasing 11,439 shares valued at approximately $1.73 million, or about 0.4% of its portfolio. Several other institutional investors also established new positions during the second quarter.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating and an average price target of $177.90. Recent targets range from $150 to $200.
• FDXF opened at $137.44, near its 52-week low of $132.87 and below its 50-day moving average of $149.77. The company reported quarterly EPS of $0.00, while analysts expect full-year EPS of $5.48.

Kiltearn Partners LLP bought a new stake in shares of FedEx Freight Hldg Co (NYSE:FDXF - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 11,439 shares of the company's stock, valued at approximately $1,727,000. FedEx Freight makes up about 0.4% of Kiltearn Partners LLP's holdings, making the stock its 29th biggest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of FedEx Freight in the second quarter valued at approximately $19,666,000. Commerzbank Aktiengesellschaft FI purchased a new position in FedEx Freight during the second quarter valued at approximately $984,000. Finally, Sumitomo Life Insurance Co. bought a new stake in FedEx Freight during the 2nd quarter worth approximately $194,000.

Analyst Ratings Changes

FDXF has been the topic of several recent analyst reports. Citizens Jmp started coverage on shares of FedEx Freight in a research note on Wednesday, July 15th. They issued a "market outperform" rating and a $190.00 target price on the stock. Stifel Nicolaus started coverage on FedEx Freight in a research report on Thursday, June 4th. They issued a "hold" rating and a $160.00 price objective on the stock. Jefferies Financial Group started coverage on FedEx Freight in a research note on Tuesday, June 23rd. They set a "buy" rating and a $200.00 price objective for the company. Wall Street Zen upgraded FedEx Freight to a "hold" rating in a research report on Saturday, June 6th. Finally, BMO Capital Markets upped their target price on FedEx Freight from $140.00 to $150.00 and gave the stock a "market perform" rating in a research note on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, FedEx Freight currently has a consensus rating of "Moderate Buy" and an average price target of $177.90.

FedEx Freight Stock Performance

FedEx Freight stock opened at $137.44 on Friday. FedEx Freight Hldg Co has a fifty-two week low of $132.87 and a fifty-two week high of $194.27. The firm's fifty day moving average is $149.77.

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. As a group, equities analysts forecast that FedEx Freight Hldg Co will post 5.48 earnings per share for the current year.

FedEx Freight Profile

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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