California State Teachers Retirement System Makes New Investment in FedEx Freight Hldg Co $FDXF

California State Teachers Retirement System bought a new position in shares of FedEx Freight Hldg Co (NYSE:FDXF) in the second quarter, Holdings Channel reports. The fund bought 23,941,956 shares of the company’s stock, valued at approximately $3,615,235,000. California State Teachers Retirement System owned approximately 0.16% of FedEx Freight as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of FDXF. United Community Bank acquired a new stake in FedEx Freight in the 2nd quarter worth about $46,000. Syntax Research Inc. acquired a new position in shares of FedEx Freight during the 2nd quarter worth approximately $64,000. First Bancorp Inc ME acquired a new position in shares of FedEx Freight during the 2nd quarter worth approximately $80,000. Investors Research Corp bought a new position in shares of FedEx Freight during the second quarter worth approximately $80,000. Finally, Sumitomo Life Insurance Co. bought a new position in shares of FedEx Freight during the second quarter worth approximately $194,000.

FedEx Freight Price Performance

FedEx Freight stock opened at $123.97 on Friday. The firm has a 50 day moving average price of $141.44. FedEx Freight Hldg Co has a 1 year low of $122.43 and a 1 year high of $194.27.

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on FDXF shares. Stephens began coverage on FedEx Freight in a research report on Wednesday, July 8th. They set an “overweight” rating and a $180.00 price target on the stock. BMO Capital Markets upped their target price on FedEx Freight from $140.00 to $150.00 and gave the company a “market perform” rating in a research report on Friday, June 26th. Truist Financial initiated coverage on FedEx Freight in a report on Tuesday, June 2nd. They set a “hold” rating on the stock. Citigroup began coverage on FedEx Freight in a report on Wednesday, July 15th. They set an “outperform” rating on the stock. Finally, Citizens Jmp began coverage on FedEx Freight in a research report on Wednesday, July 15th. They issued a “market outperform” rating and a $190.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $172.67.

About FedEx Freight

FedEx Freight is a less-than-truckload (LTL) transportation company that provides freight shipping services for businesses across North America. Its network transports palletized and other consolidated shipments that do not require a full truckload, serving manufacturers, wholesalers, retailers, distributors and other commercial customers.

The company offers a range of freight solutions, including standard and time-definite LTL delivery, expedited transportation, volume and consolidated freight services, and specialized options for residential or appointment-based deliveries.