4,937 Shares in FedEx Freight Hldg Co $FDXF Acquired by Birmingham Capital Management Co. Inc. AL

Birmingham Capital Management Co. Inc. AL purchased a new stake in shares of FedEx Freight Hldg Co (NYSE:FDXF) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,937 shares of the company’s stock, valued at approximately $745,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. First Bancorp Inc ME acquired a new position in shares of FedEx Freight in the 2nd quarter valued at $80,000. Ancora Advisors LLC acquired a new stake in shares of FedEx Freight during the second quarter worth $8,279,000. Kiltearn Partners LLP bought a new stake in shares of FedEx Freight in the second quarter valued at about $1,727,000. Sumitomo Life Insurance Co. bought a new position in shares of FedEx Freight in the 2nd quarter valued at about $194,000. Finally, Commerzbank Aktiengesellschaft FI bought a new position in shares of FedEx Freight in the 2nd quarter valued at about $984,000.

Analyst Upgrades and Downgrades

FDXF has been the topic of a number of recent research reports. Wolfe Research began coverage on FedEx Freight in a research report on Thursday, June 4th. They issued an “outperform” rating and a $180.00 target price on the stock. Weiss Ratings initiated coverage on FedEx Freight in a research note on Tuesday. They issued a “sell (d)” rating for the company. Zacks Research upgraded FedEx Freight to a “hold” rating in a research note on Tuesday, June 2nd. Stifel Nicolaus initiated coverage on FedEx Freight in a research report on Thursday, June 4th. They set a “hold” rating and a $160.00 price target on the stock. Finally, Truist Financial assumed coverage on shares of FedEx Freight in a report on Tuesday, June 2nd. They set a “hold” rating on the stock. 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, FedEx Freight presently has an average rating of “Moderate Buy” and a consensus target price of $177.90.

FedEx Freight Price Performance

Shares of FDXF stock opened at $132.09 on Thursday. FedEx Freight Hldg Co has a 12-month low of $127.65 and a 12-month high of $194.27. The stock’s 50 day moving average is $147.78.

FedEx Freight (NYSE:FDXF) last announced its earnings results on Thursday, June 25th. The company reported $0.00 earnings per share for the quarter. On average, sell-side 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.