North Star Asset Management Inc. Buys Shares of 4,799 FedEx Freight Hldg Co $FDXF

North Star Asset Management Inc. bought a new position in shares of FedEx Freight Hldg Co (NYSE:FDXF) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 4,799 shares of the company’s stock, valued at approximately $725,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. First Bancorp Inc ME acquired a new position in shares of FedEx Freight during the second quarter worth $80,000. Sumitomo Life Insurance Co. acquired a new stake in FedEx Freight in the second quarter valued at $194,000. Birmingham Capital Management Co. Inc. AL acquired a new stake in FedEx Freight in the second quarter valued at $745,000. Commerzbank Aktiengesellschaft FI bought a new stake in shares of FedEx Freight in the 2nd quarter valued at about $984,000. Finally, Kiltearn Partners LLP bought a new stake in shares of FedEx Freight in the 2nd quarter valued at about $1,727,000.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Evercore began coverage on FedEx Freight in a research report on Thursday, June 4th. They set an “outperform” rating and a $168.00 price objective for the company. Wall Street Zen upgraded FedEx Freight to a “hold” rating in a report on Saturday, June 6th. Citizens Jmp began coverage on shares of FedEx Freight in a research report on Wednesday, July 15th. They set a “market outperform” rating and a $190.00 target price for the company. Weiss Ratings assumed coverage on shares of FedEx Freight in a report on Tuesday. They set a “sell (d)” rating for the company. Finally, The Goldman Sachs Group started coverage on shares of FedEx Freight in a research note on Wednesday, July 1st. They issued a “buy” rating and a $186.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $177.90.

FedEx Freight Price Performance

Shares of FedEx Freight stock opened at $133.07 on Friday. The company has a 50-day moving average price of $146.57. FedEx Freight Hldg Co has a one year low of $127.65 and a one year high of $194.27.

FedEx Freight (NYSE:FDXF) last issued its earnings results on Thursday, June 25th. The company reported $0.00 earnings per share (EPS) for the quarter. Analysts expect that FedEx Freight Hldg Co will post 5.48 EPS for the current fiscal year.

About FedEx Freight

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.