NEOS Investment Management LLC Invests $2.57 Million in FedEx Freight Hldg Co $FDXF

NEOS Investment Management LLC bought a new stake in FedEx Freight Hldg Co (NYSE:FDXF) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 17,046 shares of the company’s stock, valued at approximately $2,574,000.

Several other institutional investors also recently bought and sold shares of FDXF. Maple Rock Capital Partners Inc. bought a new position in FedEx Freight during the 2nd quarter worth approximately $68,207,000. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in FedEx Freight in the second quarter valued at approximately $19,666,000. Ancora Advisors LLC bought a new stake in FedEx Freight in the second quarter valued at approximately $8,279,000. Pacific Heights Asset Management LLC purchased a new stake in shares of FedEx Freight during the second quarter valued at approximately $6,418,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of FedEx Freight during the second quarter valued at approximately $5,884,000.

FedEx Freight Price Performance

Shares of NYSE FDXF opened at $129.13 on Tuesday. The stock has a fifty day moving average of $143.02. FedEx Freight Hldg Co has a 12 month low of $123.24 and a 12 month high of $194.27.

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

Analyst Ratings Changes

Several brokerages recently commented on FDXF. Evercore assumed coverage on shares of FedEx Freight in a research note on Thursday, June 4th. They issued an “outperform” rating and a $168.00 target price on the stock. The Goldman Sachs Group initiated coverage on shares of FedEx Freight in a research report on Wednesday, July 1st. They set a “buy” rating and a $186.00 price target for the company. Jefferies Financial Group began coverage on shares of FedEx Freight in a report on Tuesday, June 23rd. They issued a “buy” rating and a $200.00 price target on the stock. Truist Financial assumed coverage on shares of FedEx Freight in a research report on Tuesday, June 2nd. They issued a “hold” rating on the stock. Finally, BMO Capital Markets upped their price objective on shares of FedEx Freight from $140.00 to $150.00 and gave the company a “market perform” rating in a research note on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, FedEx Freight currently has a consensus rating of “Moderate Buy” and a consensus price target 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.