FedEx Freight Hldg Co $FDXF Shares Newly Purchased by Parkside Investments LLC

Parkside Investments LLC purchased a new position in shares of FedEx Freight Hldg Co (NYSE:FDXF) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,866 shares of the company’s stock, valued at approximately $642,000.

A number of other hedge funds and other institutional investors have also modified their holdings of FDXF. Zullo Investment Group Inc. purchased a new position in shares of FedEx Freight during the third quarter valued at approximately $304,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in FedEx Freight by 9.9% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,581 shares of the company’s stock worth $1,923,000 after acquiring an additional 1,588 shares during the last quarter. IFP Advisors Inc boosted its position in FedEx Freight by 79.7% during the third quarter. IFP Advisors Inc now owns 2,269 shares of the company’s stock worth $248,000 after acquiring an additional 1,006 shares during the last quarter. V Square Quantitative Management LLC grew its stake in FedEx Freight by 52.4% in the 3rd quarter. V Square Quantitative Management LLC now owns 3,069 shares of the company’s stock worth $336,000 after acquiring an additional 1,055 shares during the period. Finally, State of Alaska Department of Revenue grew its stake in FedEx Freight by 5.1% in the 3rd quarter. State of Alaska Department of Revenue now owns 14,112 shares of the company’s stock worth $1,542,000 after acquiring an additional 682 shares during the period.

FedEx Freight Stock Performance

Shares of FDXF stock opened at $109.81 on Wednesday. FedEx Freight Hldg Co has a 1-year low of $105.75 and a 1-year high of $194.27. The business’s 50-day moving average is $123.66.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on FDXF. Truist Financial cut their price target on FedEx Freight from $155.00 to $115.00 and set a “hold” rating for the company in a report on Wednesday, October 7th. JPMorgan Chase & Co. decreased their price objective on FedEx Freight from $160.00 to $149.00 and set an “overweight” rating on the stock in a report on Monday, October 5th. Citigroup began coverage on FedEx Freight in a research report on Wednesday, July 15th. They issued an “outperform” rating for the company. Weiss Ratings lowered FedEx Freight from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, September 22nd. Finally, Bank of America dropped their target price on FedEx Freight from $157.00 to $140.00 and set a “buy” rating for the company in a research note on Tuesday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.