Public Employees Retirement System of Ohio Acquires Shares of 38,969 FedEx Freight Hldg Co $FDXF

Public Employees Retirement System of Ohio acquired a new stake in FedEx Freight Hldg Co (NYSE:FDXF) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 38,969 shares of the company’s stock, valued at approximately $5,884,000.

A number of other hedge funds have also modified their holdings of FDXF. Kiltearn Partners LLP acquired a new position in shares of FedEx Freight in the 2nd quarter valued at $1,727,000. Ancora Advisors LLC acquired a new stake in FedEx Freight during the 2nd quarter worth $8,279,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in FedEx Freight during the 2nd quarter worth $19,666,000. Commerzbank Aktiengesellschaft FI purchased a new position in FedEx Freight during the 2nd quarter worth $984,000. Finally, Birmingham Capital Management Co. Inc. AL purchased a new position in FedEx Freight during the 2nd quarter worth $745,000.

Analyst Ratings Changes

FDXF has been the topic of a number of recent research reports. Truist Financial started coverage on shares of FedEx Freight in a research note on Tuesday, June 2nd. They issued a “hold” rating on the stock. Stephens assumed coverage on FedEx Freight in a report on Wednesday, July 8th. They set an “overweight” rating and a $180.00 price target on the stock. Stifel Nicolaus assumed coverage on FedEx Freight in a research report on Thursday, June 4th. They issued a “hold” rating and a $160.00 price target on the stock. Wall Street Zen raised FedEx Freight to a “hold” rating in a research note on Saturday, June 6th. Finally, Wolfe Research initiated coverage on FedEx Freight in a research report on Thursday, June 4th. They set an “outperform” rating and a $180.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have assigned a Hold rating and one has assigned 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 target price of $177.90.

FedEx Freight Stock Down 1.0%

Shares of NYSE FDXF opened at $126.31 on Thursday. FedEx Freight Hldg Co has a 52 week low of $125.89 and a 52 week high of $194.27. The company has a 50-day moving average of $144.54.

FedEx Freight (NYSE:FDXF) last issued its earnings results on Thursday, June 25th. The company reported $0.00 earnings per share for the quarter. As a group, research analysts anticipate that FedEx Freight Hldg Co will post 5.48 EPS 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.