First Nebraska Trust Co acquired a new stake in shares of FedEx Freight Hldg Co (NYSE:FDXF – Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,360 shares of the company’s stock, valued at approximately $1,570,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FDXF. Wedmont Private Capital grew its stake in FedEx Freight by 8.4% during the third quarter. Wedmont Private Capital now owns 2,020 shares of the company’s stock valued at $234,000 after acquiring an additional 156 shares in the last quarter. Choreo LLC raised its stake in FedEx Freight by 2.6% in the third quarter. Choreo LLC now owns 7,741 shares of the company’s stock valued at $847,000 after purchasing an additional 194 shares in the last quarter. Quadrant Capital Group LLC raised its stake in FedEx Freight by 5.8% in the third quarter. Quadrant Capital Group LLC now owns 4,254 shares of the company’s stock valued at $468,000 after purchasing an additional 234 shares in the last quarter. CoreCap Advisors LLC purchased a new stake in FedEx Freight in the third quarter valued at approximately $26,000. Finally, Brookstone Capital Management lifted its position in FedEx Freight by 7.7% during the third quarter. Brookstone Capital Management now owns 3,496 shares of the company’s stock valued at $382,000 after purchasing an additional 249 shares during the last quarter.
Analysts Set New Price Targets
A number of research firms have commented on FDXF. Citizens Jmp initiated coverage on shares of FedEx Freight in a research note on Wednesday, July 15th. They issued a “market outperform” rating and a $190.00 price target for the company. Bank of America decreased their price target on shares of FedEx Freight from $157.00 to $140.00 and set a “buy” rating on the stock in a report on Tuesday, September 29th. Weiss Ratings upgraded shares of FedEx Freight from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday. Stephens assumed coverage on shares of FedEx Freight in a report on Wednesday, July 8th. They set an “overweight” rating and a $180.00 price objective for the company. Finally, Truist Financial cut their target price on shares of FedEx Freight from $155.00 to $115.00 and set a “hold” rating for the company in a research report on Wednesday, October 7th. One 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 issued a Sell rating to the company. Based on data from MarketBeat, FedEx Freight currently has an average rating of “Moderate Buy” and a consensus price target of $159.00.
Read Our Latest Research Report on FedEx Freight
FedEx Freight Stock Down 1.5%
Shares of FDXF opened at $129.83 on Wednesday. The stock has a 50 day moving average price of $118.70. FedEx Freight Hldg Co has a 1 year low of $103.47 and a 1 year high of $194.27.
FedEx Freight (NYSE:FDXF – Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.11. The business had revenue of $2.46 billion for the quarter. Sell-side analysts anticipate that FedEx Freight Hldg Co will post 4.86 earnings per share for the current fiscal year.
FedEx Freight Profile
FedEx Freight is a less-than-truckload (LTL) freight transportation company that provides pickup, consolidation, transportation and delivery services for shipments that do not require a full truck. Its customers include businesses across manufacturing, retail, wholesale, healthcare, technology and other industries.
The company offers a range of LTL solutions, including time-definite and day-definite services, standard and economy freight transportation, expedited shipping, volume and multiweight services, and specialized delivery options.
Featured Articles
- Five stocks we like better than FedEx Freight
- Marriott’s Earnings Beat Shows Why It’s More Than a Bet on Travel Demand
- Franklin Templeton’s New ETFs Turn Stock Dividends Into Bitcoin—What’s the Catch?
- Apple’s Earnings Beat Comes With a Catch for Investors Heading Into the Holidays
- Palantir’s $2.3 Billion Quarter Puts Its Premium Valuation to the Test
Receive News & Ratings for FedEx Freight Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FedEx Freight and related companies with MarketBeat.com's FREE daily email newsletter.
