Lake Street Private Wealth LLC Purchases 7,812 Shares of FedEx Freight Hldg Co $FDXF

Lake Street Private Wealth LLC acquired a new position in FedEx Freight Hldg Co (NYSE:FDXF) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 7,812 shares of the company’s stock, valued at approximately $854,000.

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

FedEx Freight Stock Performance

NYSE:FDXF opened at $111.05 on Friday. The stock has a 50 day moving average price of $122.19. FedEx Freight Hldg Co has a 52 week low of $105.75 and a 52 week high of $194.27.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group initiated coverage on shares of FedEx Freight in a research report on Wednesday, July 1st. They issued a “buy” rating and a $186.00 target price for the company. Sanford C. Bernstein began coverage on shares of FedEx Freight in a report on Thursday, September 10th. They set a “market perform” rating and a $133.00 price target on the stock. Truist Financial lowered their price target on shares of FedEx Freight from $155.00 to $115.00 and set a “hold” rating on the stock in a report on Wednesday, October 7th. Stephens assumed coverage on shares of FedEx Freight in a research note on Wednesday, July 8th. They issued an “overweight” rating and a $180.00 price target on the stock. Finally, Citigroup initiated coverage on FedEx Freight in a report on Wednesday, July 15th. They set an “outperform” rating for the company. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $158.85.

FedEx Freight Company Profile

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.