Birmingham Capital Management Co. Inc. AL Invests $745,000 in FedEx Freight Hldg Co $FDXF

Birmingham Capital Management Co. Inc. AL purchased a new stake in shares of FedEx Freight Hldg Co (NYSE:FDXF) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,937 shares of the company’s stock, valued at approximately $745,000.

Several other large investors have also recently bought and sold shares of the business. Kiltearn Partners LLP purchased a new stake in FedEx Freight in the 2nd quarter worth about $1,727,000. Ancora Advisors LLC purchased a new position in FedEx Freight during the 2nd quarter valued at about $8,279,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in FedEx Freight during the 2nd quarter valued at about $19,666,000. Commerzbank Aktiengesellschaft FI acquired a new position in shares of FedEx Freight in the 2nd quarter valued at about $984,000. Finally, First Bancorp Inc ME acquired a new position in shares of FedEx Freight in the 2nd quarter valued at about $80,000.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Stephens started coverage on shares of FedEx Freight in a research report on Wednesday, July 8th. They issued an “overweight” rating and a $180.00 price target for the company. Jefferies Financial Group began coverage on shares of FedEx Freight in a research note on Tuesday, June 23rd. They issued a “buy” rating and a $200.00 price objective on the stock. Citigroup assumed coverage on shares of FedEx Freight in a research report on Wednesday, July 15th. They issued an “outperform” rating for the company. Stifel Nicolaus started coverage on shares of FedEx Freight in a research note on Thursday, June 4th. They set a “hold” rating and a $160.00 target price for the company. Finally, Citizens Jmp started 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. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $177.90.

FedEx Freight Price Performance

FDXF opened at $132.09 on Thursday. FedEx Freight Hldg Co has a fifty-two week low of $127.65 and a fifty-two week high of $194.27. The business’s 50-day moving average price is $147.78.

FedEx Freight (NYSE:FDXF) last announced its quarterly earnings results on Thursday, June 25th. The company reported $0.00 earnings per share (EPS) for the quarter. On average, research analysts forecast that FedEx Freight Hldg Co will post 5.48 EPS for the current fiscal year.

About FedEx Freight

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.