Waverly Advisors LLC Purchases New Position in FedEx Freight Hldg Co $FDXF

Waverly Advisors LLC purchased a new stake in shares of FedEx Freight Hldg Co (NYSE:FDXF) in the second quarter, Holdings Channel.com reports. The firm purchased 5,531 shares of the company’s stock, valued at approximately $835,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Empirical Finance LLC bought a new position in shares of FedEx Freight in the second quarter valued at approximately $602,000. Nykredit A S purchased a new position in shares of FedEx Freight during the second quarter valued at approximately $2,854,000. Parkside Financial Bank & Trust bought a new stake in FedEx Freight during the second quarter worth $260,000. Allianz Asset Management GmbH purchased a new stake in FedEx Freight in the 2nd quarter valued at $50,888,000. Finally, Brown Lisle Cummings Inc. purchased a new stake in FedEx Freight in the 2nd quarter valued at $280,000.

Analyst Ratings Changes

Several brokerages have weighed in on FDXF. 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 objective on the stock. Stifel Nicolaus began coverage on shares of FedEx Freight in a report on Thursday, June 4th. They issued a “hold” rating and a $160.00 target price for the company. Zacks Research raised shares of FedEx Freight to a “hold” rating in a research report on Tuesday, June 2nd. Citigroup assumed coverage on shares of FedEx Freight in a report on Wednesday, July 15th. They set an “outperform” rating on the stock. Finally, Stephens initiated coverage on shares of FedEx Freight in a research report on Wednesday, July 8th. They issued an “overweight” rating and a $180.00 price objective for the company. One investment 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $172.67.

FedEx Freight Stock Up 0.9%

Shares of FedEx Freight stock opened at $129.46 on Tuesday. FedEx Freight Hldg Co has a 1 year low of $122.43 and a 1 year high of $194.27. The company’s fifty day simple moving average is $140.51.

FedEx Freight (NYSE:FDXF) last issued its quarterly earnings results on Thursday, June 25th. The company reported $0.00 earnings per share for the quarter. Equities analysts expect that FedEx Freight Hldg Co will post 4.8 earnings per share for the current fiscal year.

FedEx Freight Profile

FedEx Freight is a less-than-truckload (LTL) transportation company that provides freight shipping services for businesses across North America. Its network transports palletized and other consolidated shipments that do not require a full truckload, serving manufacturers, wholesalers, retailers, distributors and other commercial customers.

The company offers a range of freight solutions, including standard and time-definite LTL delivery, expedited transportation, volume and consolidated freight services, and specialized options for residential or appointment-based deliveries.