5,866 Shares of FedEx Freight Hldg Co $FDXF Acquired by Parkside Investments LLC

Parkside Investments LLC acquired a new position in shares of FedEx Freight Hldg Co (NYSE:FDXF) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,866 shares of the company’s stock, valued at approximately $642,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FDXF. Birch Capital Management LLC purchased a new position in FedEx Freight in the 2nd quarter valued at approximately $1,439,000. Maple Rock Capital Partners Inc. acquired a new position in FedEx Freight during the second quarter worth $68,207,000. Engineers Gate Manager LP acquired a new position in FedEx Freight during the second quarter worth $2,244,000. State Street Corp acquired a new position in FedEx Freight during the second quarter worth $723,747,000. Finally, Kiltearn Partners LLP purchased a new stake in FedEx Freight during the second quarter worth $1,727,000.

FedEx Freight Stock Performance

Shares of NYSE:FDXF opened at $109.81 on Wednesday. The company’s fifty day moving average is $123.66. FedEx Freight Hldg Co has a one year low of $105.75 and a one year high of $194.27.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Sanford C. Bernstein started coverage on FedEx Freight in a research report on Thursday, September 10th. They issued a “market perform” rating and a $133.00 price target for the company. JPMorgan Chase & Co. decreased their price objective on shares of FedEx Freight from $160.00 to $149.00 and set an “overweight” rating on the stock in a research report on Monday, October 5th. The Goldman Sachs Group started coverage on shares of FedEx Freight in a research report on Wednesday, July 1st. They issued a “buy” rating and a $186.00 price objective on the stock. Weiss Ratings cut shares of FedEx Freight from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, September 22nd. Finally, Truist Financial dropped their target price on shares of FedEx Freight from $155.00 to $115.00 and set a “hold” rating for the company in a report on Wednesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, FedEx Freight presently has an average rating of “Moderate Buy” and a consensus target price of $158.85.

About FedEx Freight

FedEx Freight is a less-than-truckload (LTL) freight transportation company that provides pickup, consolidation, transportation and delivery services for shipments that do not require a full truck. Its customers include businesses across manufacturing, retail, wholesale, healthcare, technology and other industries.

The company offers a range of LTL solutions, including time-definite and day-definite services, standard and economy freight transportation, expedited shipping, volume and multiweight services, and specialized delivery options.