5,219 FedEx Freight Hldg Co $FDXF Shares Purchased by Fortune 45 LLC

Fortune 45 LLC increased its stake in shares of FedEx Freight Hldg Co (NYSE:FDXF) by 137.3% in the third quarter, Holdings Channel.com reports. The fund owned 9,020 shares of the company’s stock after purchasing an additional 5,219 shares during the period. FedEx Freight comprises about 0.4% of Fortune 45 LLC’s holdings, making the stock its 20th biggest position. Fortune 45 LLC’s holdings in FedEx Freight were worth $987,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Wedmont Private Capital grew its stake in FedEx Freight by 8.4% during the third quarter. Wedmont Private Capital now owns 2,020 shares of the company’s stock valued at $234,000 after acquiring an additional 156 shares in the last quarter. CoreCap Advisors LLC purchased a new stake in FedEx Freight in the 3rd quarter worth $26,000. CYBER HORNET ETFs LLC purchased a new stake in FedEx Freight in the 2nd quarter worth $44,000. United Community Bank bought a new position in shares of FedEx Freight during the 2nd quarter valued at about $46,000. Finally, Syntax Research Inc. bought a new position in shares of FedEx Freight during the 2nd quarter valued at about $64,000.

FedEx Freight Stock Down 1.3%

FDXF stock opened at $108.65 on Thursday. The firm has a fifty day simple moving average of $126.23. FedEx Freight Hldg Co has a fifty-two week low of $105.75 and a fifty-two week high of $194.27.

Analyst Upgrades and Downgrades

FDXF has been the subject of a number of research analyst reports. Truist Financial cut their price objective on FedEx Freight from $155.00 to $115.00 and set a “hold” rating for the company in a research report on Wednesday, October 7th. JPMorgan Chase & Co. decreased their target price on FedEx Freight from $160.00 to $149.00 and set an “overweight” rating on the stock in a research report on Monday, October 5th. Bank of America decreased their target price on FedEx Freight from $157.00 to $140.00 and set a “buy” rating on the stock in a research report on Tuesday, September 29th. Weiss Ratings lowered FedEx Freight from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, September 22nd. Finally, Citigroup assumed coverage on FedEx Freight in a report on Wednesday, July 15th. They set 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 assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, FedEx Freight currently has a consensus rating of “Moderate Buy” and an average target price 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.