National Pension Service Acquires New Position in FedEx Freight Hldg Co $FDXF

National Pension Service acquired a new position in shares of FedEx Freight Hldg Co (NYSE:FDXF) during the 2nd quarter, HoldingsChannel reports. The firm acquired 176,478 shares of the company’s stock, valued at approximately $26,648,000.

Other large investors have also recently bought and sold shares of the company. CYBER HORNET ETFs LLC bought a new position in FedEx Freight in the second quarter worth about $44,000. United Community Bank bought a new position in shares of FedEx Freight during the second quarter valued at approximately $46,000. Syntax Research Inc. acquired a new stake in shares of FedEx Freight during the 2nd quarter worth approximately $64,000. First Bancorp Inc ME acquired a new stake in shares of FedEx Freight during the 2nd quarter worth approximately $80,000. Finally, Investors Research Corp bought a new stake in shares of FedEx Freight in the 2nd quarter worth approximately $80,000.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on FDXF shares. Jefferies Financial Group initiated coverage on FedEx Freight in a research report on Tuesday, June 23rd. They set a “buy” rating and a $200.00 price objective for the company. Wolfe Research started coverage on FedEx Freight in a research report on Thursday, June 4th. They issued an “outperform” rating and a $180.00 target price on the stock. Truist Financial assumed coverage on FedEx Freight in a research note on Tuesday, June 2nd. They issued a “hold” rating on the stock. Stephens initiated coverage on shares of FedEx Freight in a report on Wednesday, July 8th. They set an “overweight” rating and a $180.00 price target for the company. Finally, BMO Capital Markets upped their price target on shares of FedEx Freight from $140.00 to $150.00 and gave the stock a “market perform” rating in a research report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, FedEx Freight currently has a consensus rating of “Moderate Buy” and a consensus target price of $172.67.

FedEx Freight Price Performance

Shares of NYSE FDXF opened at $128.05 on Friday. The business’s 50 day simple moving average is $140.99. FedEx Freight Hldg Co has a 12-month low of $122.43 and a 12-month high of $194.27.

FedEx Freight (NYSE:FDXF) last posted its earnings results on Thursday, June 25th. The company reported $0.00 EPS for the quarter. On average, analysts predict that FedEx Freight Hldg Co will post 4.8 earnings per share for the current year.

About FedEx Freight

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.