Scholtz & Company LLC bought a new position in shares of FedEx Freight Hldg Co (NYSE:FDXF - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,026 shares of the company's stock, valued at approximately $1,967,000.
Other institutional investors also recently bought and sold shares of the company. Birch Capital Management LLC purchased a new stake in FedEx Freight in the 2nd quarter worth $1,439,000. Maple Rock Capital Partners Inc. purchased a new position in shares of FedEx Freight during the second quarter valued at about $68,207,000. Kiltearn Partners LLP bought a new stake in shares of FedEx Freight in the second quarter worth about $1,727,000. Twin Lakes Capital Management LLC bought a new stake in shares of FedEx Freight in the second quarter worth about $1,269,000. Finally, F&V Capital Management LLC purchased a new stake in shares of FedEx Freight in the second quarter worth about $4,785,000.
Analyst Ratings Changes
A number of research firms recently weighed in on FDXF. Truist Financial began coverage on shares of FedEx Freight in a report on Tuesday, June 2nd. They issued a "hold" rating for the company. Evercore initiated coverage on shares of FedEx Freight in a report on Thursday, June 4th. They issued an "outperform" rating and a $168.00 price target for the company. Stephens assumed coverage on FedEx Freight in a research report on Wednesday, July 8th. They set an "overweight" rating and a $180.00 price objective on the stock. JPMorgan Chase & Co. began coverage on FedEx Freight in a research note on Tuesday. They issued an "overweight" rating and a $160.00 price objective for the company. Finally, Zacks Research upgraded FedEx Freight to a "hold" rating in a report on Tuesday, June 2nd. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, FedEx Freight currently has a consensus rating of "Moderate Buy" and a consensus price target of $176.27.
Check Out Our Latest Stock Analysis on FedEx Freight
FedEx Freight Stock Performance
Shares of FedEx Freight stock opened at $125.08 on Thursday. FedEx Freight Hldg Co has a 52 week low of $123.24 and a 52 week high of $194.27. The firm has a fifty day simple moving average of $141.98.
FedEx Freight (NYSE:FDXF - Get Free Report) last posted its quarterly earnings results on Thursday, June 25th. The company reported $0.00 EPS for the quarter. On average, equities analysts expect that FedEx Freight Hldg Co will post 5.48 EPS for the current fiscal year.
FedEx Freight Company Profile
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Free Report)
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.
Further Reading
Want to see what other hedge funds are holding FDXF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FedEx Freight Hldg Co (NYSE:FDXF - Free Report).
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