FedEx Freight Hldg Co $FDXF Stock: Sentry LLC Cuts Stake

Sentry LLC lowered its position in FedEx Freight Hldg Co (NYSE:FDXF) by 42.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 100,991 shares of the company’s stock after selling 75,618 shares during the quarter. FedEx Freight comprises 3.9% of Sentry LLC’s investment portfolio, making the stock its 5th largest holding. Sentry LLC’s holdings in FedEx Freight were worth $11,046,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wedmont Private Capital lifted its holdings in FedEx Freight by 8.4% during the third quarter. Wedmont Private Capital now owns 2,020 shares of the company’s stock valued at $234,000 after purchasing an additional 156 shares during the last quarter. Choreo LLC raised its position in shares of FedEx Freight by 2.6% in the third quarter. Choreo LLC now owns 7,741 shares of the company’s stock valued at $847,000 after purchasing an additional 194 shares during the period. Quadrant Capital Group LLC lifted its stake in shares of FedEx Freight by 5.8% during the 3rd quarter. Quadrant Capital Group LLC now owns 4,254 shares of the company’s stock valued at $468,000 after buying an additional 234 shares in the last quarter. CoreCap Advisors LLC purchased a new stake in shares of FedEx Freight during the 3rd quarter valued at approximately $26,000. Finally, Brookstone Capital Management boosted its holdings in FedEx Freight by 7.7% in the 3rd quarter. Brookstone Capital Management now owns 3,496 shares of the company’s stock worth $382,000 after buying an additional 249 shares during the period.

FedEx Freight Stock Performance

FedEx Freight stock opened at $129.38 on Thursday. The business’s 50 day moving average price is $118.70. FedEx Freight Hldg Co has a 1-year low of $103.47 and a 1-year high of $194.27.

FedEx Freight (NYSE:FDXF) last announced its quarterly earnings results on Thursday, October 29th. The company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.38 by $0.11. The firm had revenue of $2.46 billion during the quarter. Research analysts expect that FedEx Freight Hldg Co will post 4.86 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on FDXF shares. Sanford C. Bernstein initiated coverage on shares of FedEx Freight in a research note on Thursday, September 10th. They issued a “market perform” rating and a $133.00 price objective for the company. Citigroup initiated coverage on FedEx Freight in a report on Wednesday, July 15th. They issued an “outperform” rating for the company. JPMorgan Chase & Co. raised their price target on FedEx Freight from $149.00 to $151.00 and gave the stock an “overweight” rating in a report on Friday, October 30th. Truist Financial decreased their price objective on FedEx Freight from $155.00 to $115.00 and set a “hold” rating on the stock in a research note on Wednesday, October 7th. Finally, Bank of America dropped their price objective on FedEx Freight from $157.00 to $140.00 and set a “buy” rating on the stock in a report on Tuesday, September 29th. One equities research 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 issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $159.00.

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.