31,925 Shares in FedEx Freight Hldg Co $FDXF Bought by Arizona State Retirement System

Arizona State Retirement System bought a new position in FedEx Freight Hldg Co (NYSE:FDXF) in the second quarter, HoldingsChannel reports. The fund bought 31,925 shares of the company’s stock, valued at approximately $4,821,000.

Several other large investors have also recently bought and sold shares of the company. California State Teachers Retirement System acquired a new stake in shares of FedEx Freight during the second quarter valued at about $3,615,235,000. Maple Rock Capital Partners Inc. acquired a new position in shares of FedEx Freight in the second quarter valued at approximately $68,207,000. Allianz Asset Management GmbH acquired a new position in shares of FedEx Freight in the second quarter valued at approximately $50,888,000. Diamond Hill Capital Management LLC Investment Advisor bought a new position in FedEx Freight in the 2nd quarter valued at approximately $19,666,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in FedEx Freight in the 2nd quarter valued at approximately $10,838,000.

FedEx Freight Trading Up 3.3%

FedEx Freight stock opened at $128.05 on Friday. The business has a 50 day moving average of $140.99. FedEx Freight Hldg Co has a one year low of $122.43 and a one year high of $194.27.

FedEx Freight (NYSE:FDXF) last released its earnings results on Thursday, June 25th. The company reported $0.00 earnings per share for the quarter. Equities analysts predict that FedEx Freight Hldg Co will post 4.8 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FDXF has been the topic of a number of research reports. Stifel Nicolaus began coverage on shares of FedEx Freight in a report on Thursday, June 4th. They set a “hold” rating and a $160.00 target price on the stock. Bank of America started coverage on shares of FedEx Freight in a research note on Monday, June 1st. They set a “buy” rating and a $185.00 price target for the company. Raymond James Financial initiated coverage on shares of FedEx Freight in a research note on Wednesday, June 3rd. They set an “outperform” rating and a $180.00 price target for the company. Weiss Ratings upgraded shares of FedEx Freight from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday. Finally, Citigroup assumed coverage on shares of FedEx Freight in a research note on Wednesday, July 15th. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, FedEx Freight currently has a consensus rating of “Moderate Buy” and an average target price of $172.67.

About FedEx Freight

FedEx Freight is a less-than-truckload (LTL) transportation company that provides freight shipping services for businesses across North America. Its network transports palletized and other consolidated shipments that do not require a full truckload, serving manufacturers, wholesalers, retailers, distributors and other commercial customers.

The company offers a range of freight solutions, including standard and time-definite LTL delivery, expedited transportation, volume and consolidated freight services, and specialized options for residential or appointment-based deliveries.