Cohen Capital Management Inc. Makes New $515,000 Investment in FedEx Freight Hldg Co $FDXF

Cohen Capital Management Inc. purchased a new position in shares of FedEx Freight Hldg Co (NYSE:FDXF) during the 3rd quarter, Holdings Channel.com reports. The firm purchased 4,708 shares of the company’s stock, valued at approximately $515,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Lineweaver Wealth Advisors LLC acquired a new position in FedEx Freight in the third quarter valued at $388,000. Jacobs & Co. CA grew its holdings in shares of FedEx Freight by 12.0% during the third quarter. Jacobs & Co. CA now owns 75,533 shares of the company’s stock worth $8,261,000 after purchasing an additional 8,121 shares during the last quarter. Wedmont Private Capital grew its holdings in shares of FedEx Freight by 8.4% during the third quarter. Wedmont Private Capital now owns 2,020 shares of the company’s stock worth $234,000 after purchasing an additional 156 shares during the last quarter. GAMMA Investing LLC increased its position in shares of FedEx Freight by 18.4% during the third quarter. GAMMA Investing LLC now owns 3,185 shares of the company’s stock worth $348,000 after purchasing an additional 495 shares in the last quarter. Finally, Grove Bank & Trust acquired a new stake in shares of FedEx Freight during the third quarter worth about $455,000.

FedEx Freight Trading Down 2.5%

NYSE FDXF opened at $110.28 on Wednesday. FedEx Freight Hldg Co has a one year low of $107.67 and a one year high of $194.27. The company has a fifty day simple moving average of $126.93.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. BMO Capital Markets set a $130.00 target price on FedEx Freight in a report on Wednesday, October 7th. The Goldman Sachs Group started coverage on FedEx Freight in a research note on Wednesday, July 1st. They set a “buy” rating and a $186.00 price target on the stock. Jefferies Financial Group initiated coverage on FedEx Freight in a research note on Tuesday, June 23rd. They set a “buy” rating and a $200.00 price target on the stock. Sanford C. Bernstein began coverage on FedEx Freight in a research report on Thursday, September 10th. They set a “market perform” rating and a $133.00 price target on the stock. Finally, Citigroup initiated coverage on FedEx Freight in a research note on Wednesday, July 15th. They issued an “outperform” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $160.00.

FedEx Freight Profile

FedEx Freight is a transportation and logistics company focused on less-than-truckload (LTL) shipping. It moves palletized and oversized freight that does not require a full truck, serving commercial, industrial and residential customers through scheduled pickup and delivery services.

The company offers time-sensitive and cost-conscious freight options, including FedEx Freight Priority and FedEx Freight Economy. Its services also include shipment tracking and visibility tools, freight pickup and delivery, cross-border transportation, and specialized solutions for shipments requiring additional handling or delivery coordination.

FedEx Freight primarily serves the United States, with transportation connections to Canada, Mexico and other international markets through the broader FedEx network.