Nykredit A S Purchases Shares of 18,901 FedEx Freight Hldg Co $FDXF

Key Points

• Nykredit A/S acquired 18,901 FedEx Freight shares during the second quarter, valued at approximately $2.85 million. Several other institutional investors also initiated sizable positions.
• FedEx Freight shares opened at $129.13, well below their 52-week high of $194.27, while the company reported quarterly EPS of $0.00. Analysts expect full-year EPS of $5.48.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $177.90, despite ratings ranging from Sell to Strong Buy.

Nykredit A S acquired a new position in shares of FedEx Freight Hldg Co (NYSE:FDXF - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,901 shares of the company's stock, valued at approximately $2,854,000.

Other hedge funds also recently modified their holdings of the company. Maple Rock Capital Partners Inc. acquired a new position in shares of FedEx Freight in the 2nd quarter worth approximately $68,207,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in FedEx Freight during the 2nd quarter valued at $19,666,000. Ancora Advisors LLC acquired a new stake in FedEx Freight during the 2nd quarter valued at $8,279,000. Pacific Heights Asset Management LLC bought a new position in FedEx Freight in the 2nd quarter valued at $6,418,000. Finally, Public Employees Retirement System of Ohio bought a new position in FedEx Freight in the 2nd quarter valued at $5,884,000.

FedEx Freight Stock Performance

NYSE:FDXF opened at $129.13 on Monday. The stock's fifty day moving average price is $143.44. FedEx Freight Hldg Co has a 52-week low of $123.24 and a 52-week high of $194.27.

FedEx Freight (NYSE:FDXF - Get Free Report) last released its earnings results on Thursday, June 25th. The company reported $0.00 EPS for the quarter. On average, analysts expect that FedEx Freight Hldg Co will post 5.48 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on FDXF shares. Weiss Ratings began coverage on FedEx Freight in a research note on Tuesday, August 25th. They issued a "sell (d)" rating on the stock. BMO Capital Markets lifted their price target on FedEx Freight from $140.00 to $150.00 and gave the company a "market perform" rating in a report on Friday, June 26th. Citizens Jmp started coverage on shares of FedEx Freight in a research report on Wednesday, July 15th. They set a "market outperform" rating and a $190.00 price target on the stock. Wall Street Zen upgraded shares of FedEx Freight to a "hold" rating in a research report on Saturday, June 6th. Finally, Wolfe Research began coverage on shares of FedEx Freight in a report on Thursday, June 4th. They set an "outperform" rating and a $180.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $177.90.

FedEx Freight Company 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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