5,393 Shares in FedEx Freight Hldg Co $FDXF Purchased by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board bought a new stake in shares of FedEx Freight Hldg Co (NYSE:FDXF) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 5,393 shares of the company’s stock, valued at approximately $814,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in FedEx Freight in the 2nd quarter worth $19,666,000. Ancora Advisors LLC purchased a new position in shares of FedEx Freight during the second quarter valued at about $8,279,000. Pacific Heights Asset Management LLC purchased a new position in shares of FedEx Freight during the second quarter valued at about $6,418,000. Public Employees Retirement System of Ohio bought a new stake in shares of FedEx Freight in the second quarter worth about $5,884,000. Finally, Kiltearn Partners LLP bought a new stake in shares of FedEx Freight in the second quarter worth about $1,727,000.

FedEx Freight Price Performance

Shares of FedEx Freight stock opened at $133.88 on Tuesday. The business has a 50 day moving average of $146.02. FedEx Freight Hldg Co has a one year low of $127.65 and a one year high of $194.27.

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

Analyst Upgrades and Downgrades

FDXF has been the subject of a number of research reports. Truist Financial started coverage on FedEx Freight in a research note on Tuesday, June 2nd. They set a “hold” rating for the company. Citizens Jmp began coverage on FedEx Freight in a research note on Wednesday, July 15th. They issued a “market outperform” rating and a $190.00 price objective on the stock. Jefferies Financial Group began coverage on FedEx Freight in a report on Tuesday, June 23rd. They set a “buy” rating and a $200.00 price objective on the stock. The Goldman Sachs Group started coverage on FedEx Freight in a research report on Wednesday, July 1st. They set a “buy” rating and a $186.00 target price for the company. Finally, Citigroup started coverage on shares of FedEx Freight in a report on Wednesday, July 15th. They issued an “outperform” rating for the company. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, FedEx Freight currently has a consensus rating of “Moderate Buy” and an average target price of $177.90.

FedEx Freight 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.