FedEx Freight Hldg Co $FDXF Stock: Fortune 45 LLC Grows Position

Fortune 45 LLC raised its stake in shares of FedEx Freight Hldg Co (NYSE:FDXF) by 137.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 9,020 shares of the company’s stock after purchasing an additional 5,219 shares during the period. FedEx Freight accounts for about 0.4% of Fortune 45 LLC’s investment portfolio, making the stock its 20th biggest holding. Fortune 45 LLC’s holdings in FedEx Freight were worth $987,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp bought a new position in shares of FedEx Freight in the second quarter worth about $723,747,000. Maple Rock Capital Partners Inc. bought a new position in shares of FedEx Freight during the 2nd quarter valued at approximately $68,207,000. Allianz Asset Management GmbH purchased a new stake in FedEx Freight in the 2nd quarter worth approximately $50,888,000. National Pension Service purchased a new stake in FedEx Freight in the 2nd quarter worth approximately $26,648,000. Finally, Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in FedEx Freight in the 2nd quarter worth approximately $19,666,000.

FedEx Freight Trading Down 1.3%

Shares of FedEx Freight stock opened at $108.65 on Thursday. The firm has a 50-day simple moving average of $126.23. FedEx Freight Hldg Co has a 52 week low of $105.75 and a 52 week high of $194.27.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Stephens initiated coverage on shares of FedEx Freight in a research note on Wednesday, July 8th. They set an “overweight” rating and a $180.00 target price on the stock. Jefferies Financial Group initiated coverage on shares of FedEx Freight in a research report on Tuesday, June 23rd. They issued a “buy” rating and a $200.00 price target for the company. JPMorgan Chase & Co. reduced their price objective on shares of FedEx Freight from $160.00 to $149.00 and set an “overweight” rating for the company in a research note on Monday, October 5th. Truist Financial decreased their price objective on shares of FedEx Freight from $155.00 to $115.00 and set a “hold” rating on the stock in a research report on Wednesday, October 7th. Finally, Sanford C. Bernstein initiated coverage on shares of FedEx Freight in a research report on Thursday, September 10th. They set a “market perform” rating and a $133.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $160.00.

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.