NewEdge Advisors LLC Takes $1.79 Million Position in FedEx Freight Hldg Co $FDXF

Key Points

• NewEdge Advisors initiated a $1.79 million position in FedEx Freight, purchasing 11,857 shares during the second quarter. Several other institutional investors also established sizable new stakes.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $172.67, well above the stock’s recent $120.25 opening price.
• FedEx Freight reported quarterly EPS of $0.00, and its shares are near their 52-week low, highlighting near-term profitability concerns despite expected full-year EPS of $4.80 and a planned NASCAR Truck Series sponsorship beginning in 2027.

NewEdge Advisors LLC bought a new position in shares of FedEx Freight Hldg Co (NYSE:FDXF - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 11,857 shares of the company's stock, valued at approximately $1,790,000.

A number of other hedge funds also recently modified their holdings of the stock. Maple Rock Capital Partners Inc. acquired a new position in FedEx Freight during the second quarter valued at approximately $68,207,000. Allianz Asset Management GmbH acquired a new stake in FedEx Freight in the second quarter valued at about $50,888,000. Diamond Hill Capital Management LLC Investment Advisor bought a new position in FedEx Freight in the second quarter valued at about $19,666,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in FedEx Freight in the second quarter valued at about $10,838,000. Finally, Ancora Advisors LLC bought a new position in FedEx Freight in the second quarter valued at about $8,279,000.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Stephens started 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. Citizens Jmp initiated coverage on shares of FedEx Freight in a report on Wednesday, July 15th. They set a "market outperform" rating and a $190.00 price target on the stock. Jefferies Financial Group began coverage on shares of FedEx Freight in a research report on Tuesday, June 23rd. They set a "buy" rating and a $200.00 price objective for the company. Stifel Nicolaus started coverage on shares of FedEx Freight in a research note on Thursday, June 4th. They issued a "hold" rating and a $160.00 price objective for the company. Finally, The Goldman Sachs Group started coverage on shares of FedEx Freight in a research report on Wednesday, July 1st. They issued a "buy" rating and a $186.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, FedEx Freight presently has a consensus rating of "Moderate Buy" and a consensus target price of $172.67.

FedEx Freight Stock Performance

FDXF opened at $120.25 on Friday. FedEx Freight Hldg Co has a fifty-two week low of $120.01 and a fifty-two week high of $194.27. The stock's 50 day simple moving average is $138.49.

FedEx Freight (NYSE:FDXF - Get Free Report) last released its quarterly earnings results on Thursday, June 25th. The company reported $0.00 earnings per share (EPS) for the quarter. Equities research analysts forecast that FedEx Freight Hldg Co will post 4.8 EPS for the current fiscal year.

Key Stories Impacting FedEx Freight

Here are the key news stories impacting FedEx Freight this week:

• Positive Sentiment: FedEx Freight announced a long-term partnership with NASCAR to become the entitlement sponsor of the NASCAR Truck Series beginning in 2027. The deal should increase brand visibility and marketing reach, although its financial impact will likely take time to develop. FedEx Freight announces partnership with NASCAR Truck Series
• Positive Sentiment: Brokerages set a consensus price target of $172.67 for FDXF, well above its recent trading level, indicating substantial potential upside if the company meets expectations. FedEx Freight receives consensus target price
• Neutral Sentiment: FedEx Freight experienced unusually high options activity. Elevated derivatives volume can signal increased investor interest or hedging, but it does not establish a clear direction for the stock. FedEx Freight sees unusually high options volume
• Negative Sentiment: The latest earnings report showed earnings per share of $0.00, while the stock remains close to its 52-week low. That weak near-term profitability backdrop may be outweighing the longer-term benefits of the NASCAR sponsorship and optimistic analyst targets.

FedEx Freight Profile

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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