New Mexico Educational Retirement Board Buys Shares of 5,393 FedEx Freight Hldg Co $FDXF

New Mexico Educational Retirement Board bought a new stake in shares of FedEx Freight Hldg Co (NYSE:FDXF) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 5,393 shares of the company’s stock, valued at approximately $814,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. First Bancorp Inc ME purchased a new position in FedEx Freight during the 2nd quarter valued at $80,000. Sumitomo Life Insurance Co. purchased a new stake in FedEx Freight in the second quarter worth $194,000. Archer Investment Corp purchased a new stake in FedEx Freight in the second quarter worth $276,000. Navellier & Associates Inc. bought a new stake in shares of FedEx Freight during the second quarter worth $364,000. Finally, Mufg Securities Americas Inc. bought a new stake in shares of FedEx Freight during the second quarter worth $494,000.

FedEx Freight Price Performance

Shares of FDXF opened at $133.88 on Tuesday. The stock has a 50 day simple moving average of $146.02. FedEx Freight Hldg Co has a fifty-two week low of $127.65 and a fifty-two week 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 (EPS) for the quarter. As a group, equities analysts expect that FedEx Freight Hldg Co will post 5.48 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Jefferies Financial Group assumed coverage on shares of FedEx Freight in a research note on Tuesday, June 23rd. They set a “buy” rating and a $200.00 target price for the company. Weiss Ratings assumed coverage on shares of FedEx Freight in a report on Tuesday, August 25th. They set a “sell (d)” rating for the company. Evercore started coverage on shares of FedEx Freight in a research report on Thursday, June 4th. They issued an “outperform” rating and a $168.00 price objective for the company. The Goldman Sachs Group initiated coverage on shares of FedEx Freight in a research note on Wednesday, July 1st. They issued a “buy” rating and a $186.00 target price on the stock. Finally, Zacks Research raised shares of FedEx Freight to a “hold” rating in a research report on Tuesday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.