FedEx Freight Hldg Co $FDXF Stock Acquired by Jacobs & Co. CA

Jacobs & Co. CA boosted its holdings in FedEx Freight Hldg Co (NYSE:FDXF) by 12.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 75,533 shares of the company’s stock after buying an additional 8,121 shares during the period. Jacobs & Co. CA’s holdings in FedEx Freight were worth $8,261,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. CoreCap Advisors LLC bought a new position in FedEx Freight during the third quarter valued at approximately $26,000. CYBER HORNET ETFs LLC bought a new position in FedEx Freight in the 2nd quarter worth $44,000. United Community Bank bought a new position in FedEx Freight in the 2nd quarter worth approximately $46,000. Tompkins Financial Corp bought a new stake in shares of FedEx Freight in the third quarter worth about $49,000. Finally, Coastline Trust Co purchased a new position in shares of FedEx Freight in the third quarter valued at $54,000.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on FDXF. Truist Financial cut their price target on shares of FedEx Freight from $155.00 to $115.00 and set a “hold” rating on the stock in a report on Wednesday. JPMorgan Chase & Co. decreased their price objective on FedEx Freight from $160.00 to $149.00 and set an “overweight” rating for the company in a report on Monday, October 5th. The Goldman Sachs Group assumed coverage on FedEx Freight in a research report on Wednesday, July 1st. They set a “buy” rating and a $186.00 price target for the company. Weiss Ratings cut FedEx Freight from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, September 22nd. Finally, Jefferies Financial Group assumed coverage on FedEx Freight in a research report on Tuesday, June 23rd. They issued a “buy” rating and a $200.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, FedEx Freight has a consensus rating of “Moderate Buy” and a consensus price target of $160.00.

FedEx Freight Stock Performance

Shares of NYSE FDXF opened at $115.62 on Friday. The firm has a 50 day moving average price of $128.11. FedEx Freight Hldg Co has a 52-week low of $107.67 and a 52-week high of $194.27.

FedEx Freight Profile

FedEx Freight is a transportation and logistics company focused on less-than-truckload (LTL) shipping. It moves palletized and oversized freight that does not require a full truck, serving commercial, industrial and residential customers through scheduled pickup and delivery services.

The company offers time-sensitive and cost-conscious freight options, including FedEx Freight Priority and FedEx Freight Economy. Its services also include shipment tracking and visibility tools, freight pickup and delivery, cross-border transportation, and specialized solutions for shipments requiring additional handling or delivery coordination.

FedEx Freight primarily serves the United States, with transportation connections to Canada, Mexico and other international markets through the broader FedEx network.