Kiltearn Partners LLP Makes New $1.73 Million Investment in FedEx Freight Hldg Co $FDXF

Kiltearn Partners LLP acquired a new position in FedEx Freight Hldg Co (NYSE:FDXF) in the second quarter, HoldingsChannel reports. The firm acquired 11,439 shares of the company’s stock, valued at approximately $1,727,000. FedEx Freight comprises about 0.4% of Kiltearn Partners LLP’s holdings, making the stock its 29th largest position.

A number of other institutional investors also recently made changes to their positions in the business. Sumitomo Life Insurance Co. bought a new position in shares of FedEx Freight during the 2nd quarter valued at $194,000. Commerzbank Aktiengesellschaft FI bought a new stake in FedEx Freight in the second quarter worth $984,000. Finally, Diamond Hill Capital Management LLC Investment Advisor bought a new stake in FedEx Freight in the second quarter worth $19,666,000.

FedEx Freight Trading Up 0.8%

NYSE:FDXF opened at $137.44 on Friday. The firm has a fifty day moving average of $149.77. FedEx Freight Hldg Co has a twelve month low of $132.87 and a twelve month high of $194.27.

FedEx Freight (NYSE:FDXF) last issued its quarterly earnings data on Thursday, June 25th. The company reported $0.00 earnings per share (EPS) for the quarter. As a group, analysts predict that FedEx Freight Hldg Co will post 5.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on FDXF shares. BMO Capital Markets upped their price target on shares of FedEx Freight from $140.00 to $150.00 and gave the company a “market perform” rating in a research report on Friday, June 26th. Bank of America assumed coverage on FedEx Freight in a research note on Monday, June 1st. They issued a “buy” rating and a $185.00 target price for the company. Stephens began coverage on FedEx Freight in a report on Wednesday, July 8th. They set an “overweight” rating and a $180.00 target price for the company. Jefferies Financial Group started coverage on FedEx Freight in a research report on Tuesday, June 23rd. They set a “buy” rating and a $200.00 price target on the stock. Finally, Truist Financial began coverage on FedEx Freight in a research note on Tuesday, June 2nd. They issued a “hold” rating on the stock. One investment 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’s stock. According to data from MarketBeat.com, FedEx Freight presently has an average 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.