VIRGINIA RETIREMENT SYSTEMS ET Al Acquires New Position in FedEx Freight Hldg Co $FDXF

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in FedEx Freight Hldg Co (NYSE:FDXF) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 71,775 shares of the company’s stock, valued at approximately $10,838,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FDXF. California State Teachers Retirement System acquired a new stake in shares of FedEx Freight in the 2nd quarter valued at approximately $3,615,235,000. Maple Rock Capital Partners Inc. acquired a new position in FedEx Freight during the second quarter worth $68,207,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in FedEx Freight in the second quarter worth $19,666,000. Ancora Advisors LLC acquired a new stake in FedEx Freight in the second quarter valued at $8,279,000. Finally, Pacific Heights Asset Management LLC acquired a new stake in FedEx Freight in the second quarter valued at $6,418,000.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on FDXF. Citigroup assumed coverage on shares of FedEx Freight in a research note on Wednesday, July 15th. They set an “outperform” rating on the stock. Citizens Jmp assumed coverage on shares of FedEx Freight in a research note on Wednesday, July 15th. They issued a “market outperform” rating and a $190.00 price objective for the company. Evercore started coverage on shares of FedEx Freight in a report on Thursday, June 4th. They set an “outperform” rating and a $168.00 price objective on the stock. Jefferies Financial Group began coverage on shares of FedEx Freight in a research report on Tuesday, June 23rd. They set a “buy” rating and a $200.00 target price on the stock. Finally, Raymond James Financial initiated coverage on shares of FedEx Freight in a report on Wednesday, June 3rd. They issued an “outperform” rating and a $180.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $176.27.

FedEx Freight Trading Down 0.4%

Shares of NYSE FDXF opened at $128.93 on Wednesday. The firm has a 50-day simple moving average of $142.59. FedEx Freight Hldg Co has a 12-month low of $123.24 and a 12-month 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. On average, equities analysts predict that FedEx Freight Hldg Co will post 5.48 EPS for the current fiscal year.

FedEx Freight Company 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.