14,864 Shares in FedEx Freight Hldg Co $FDXF Acquired by Engineers Gate Manager LP

Engineers Gate Manager LP acquired a new stake in FedEx Freight Hldg Co (NYSE:FDXF) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 14,864 shares of the company’s stock, valued at approximately $2,244,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FDXF. California State Teachers Retirement System bought a new stake in shares of FedEx Freight during the 2nd quarter valued at $3,615,235,000. Maple Rock Capital Partners Inc. bought a new position in shares of FedEx Freight in the 2nd quarter worth $68,207,000. Allianz Asset Management GmbH bought a new position in shares of FedEx Freight in the 2nd quarter worth $50,888,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of FedEx Freight during the second quarter worth $19,666,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of FedEx Freight during the second quarter worth $10,838,000.

Wall Street Analysts Forecast Growth

FDXF has been the subject of a number of recent analyst reports. Wall Street Zen upgraded FedEx Freight to a “hold” rating in a report on Saturday, June 6th. BMO Capital Markets raised their target price on FedEx Freight from $140.00 to $150.00 and gave the stock a “market perform” rating in a report on Friday, June 26th. Zacks Research upgraded FedEx Freight to a “hold” rating in a research report on Tuesday, June 2nd. Raymond James Financial began coverage on FedEx Freight in a research note on Wednesday, June 3rd. They issued an “outperform” rating and a $180.00 price target for the company. Finally, Evercore initiated coverage on shares of FedEx Freight in a research note on Thursday, June 4th. They set an “outperform” rating and a $168.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, FedEx Freight has an average rating of “Moderate Buy” and an average price target of $172.67.

FedEx Freight Stock Up 0.9%

NYSE:FDXF 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 firm has a 50-day simple moving average of $140.51.

FedEx Freight (NYSE:FDXF) last released its quarterly earnings results on Thursday, June 25th. The company reported $0.00 EPS for the quarter. As a group, equities research analysts anticipate that FedEx Freight Hldg Co will post 4.8 earnings per share for the current year.

FedEx Freight Company 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.