4,799 Shares in FedEx Freight Hldg Co $FDXF Bought by North Star Asset Management Inc.

North Star Asset Management Inc. purchased a new position in shares of FedEx Freight Hldg Co (NYSE:FDXF) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,799 shares of the company’s stock, valued at approximately $725,000.

A number of other large investors have also recently added to or reduced their stakes in FDXF. Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of FedEx Freight in the 2nd quarter valued at about $19,666,000. Ancora Advisors LLC bought a new stake in shares of FedEx Freight in the 2nd quarter valued at about $8,279,000. Pacific Heights Asset Management LLC acquired a new stake in FedEx Freight in the 2nd quarter valued at about $6,418,000. Public Employees Retirement System of Ohio acquired a new stake in FedEx Freight in the 2nd quarter valued at about $5,884,000. Finally, Kiltearn Partners LLP bought a new position in FedEx Freight during the second quarter worth about $1,727,000.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on FDXF. Evercore started coverage on FedEx Freight in a research report on Thursday, June 4th. They set an “outperform” rating and a $168.00 price target on the stock. The Goldman Sachs Group started coverage on FedEx Freight in a research report on Wednesday, July 1st. They issued a “buy” rating and a $186.00 price objective for the company. Citigroup started coverage on FedEx Freight in a research note on Wednesday, July 15th. They set an “outperform” rating for the company. Weiss Ratings initiated coverage on FedEx Freight in a report on Tuesday. They set a “sell (d)” rating on the stock. Finally, Jefferies Financial Group started coverage on FedEx Freight in a research note on Tuesday, June 23rd. They issued a “buy” rating and a $200.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $177.90.

FedEx Freight Trading Down 0.1%

Shares of NYSE FDXF opened at $133.07 on Friday. The firm has a fifty day moving average price of $146.57. 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 issued its quarterly earnings data on Thursday, June 25th. The company reported $0.00 earnings per share for the quarter. Equities analysts forecast that FedEx Freight Hldg Co will post 5.48 earnings per share for the current fiscal year.

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.