FedEx Freight Hldg Co $FDXF Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. decreased its position in FedEx Freight Hldg Co (NYSE:FDXF) by 49.5% during the third quarter, HoldingsChannel.com reports. The firm owned 78,839 shares of the company’s stock after selling 77,423 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in FedEx Freight were worth $8,623,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Birch Capital Management LLC purchased a new stake in shares of FedEx Freight during the second quarter valued at approximately $1,439,000. Maple Rock Capital Partners Inc. bought a new stake in shares of FedEx Freight during the second quarter valued at approximately $68,207,000. Engineers Gate Manager LP purchased a new position in FedEx Freight in the 2nd quarter worth approximately $2,244,000. State Street Corp purchased a new position in FedEx Freight in the 2nd quarter worth approximately $723,747,000. Finally, Kiltearn Partners LLP purchased a new position in FedEx Freight in the 2nd quarter worth approximately $1,727,000.

FedEx Freight Stock Performance

Shares of NYSE FDXF opened at $110.23 on Friday. FedEx Freight Hldg Co has a 52-week low of $105.75 and a 52-week high of $194.27. The company has a fifty day moving average of $121.39.

Wall Street Analyst Weigh In

FDXF has been the topic of several recent analyst reports. Stifel Nicolaus cut their target price on FedEx Freight from $160.00 to $129.00 and set a “hold” rating on the stock in a research note on Thursday, October 8th. Stephens began coverage on shares of FedEx Freight in a report on Wednesday, July 8th. They set an “overweight” rating and a $180.00 price objective for the company. Citizens Jmp began coverage on FedEx Freight in a research report on Wednesday, July 15th. They set a “market outperform” rating and a $190.00 price objective for the company. Sanford C. Bernstein started coverage on shares of FedEx Freight in a report on Thursday, September 10th. They set a “market perform” rating and a $133.00 target price for the company. Finally, Truist Financial decreased their target price on FedEx Freight from $155.00 to $115.00 and set a “hold” rating on the stock in a report on Wednesday, October 7th. One 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus 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.