6,623 FedEx Freight Hldg Co $FDXF Shares Sold by Investment House LLC

Investment House LLC decreased its holdings in shares of FedEx Freight Hldg Co (NYSE:FDXF) by 63.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,799 shares of the company’s stock after selling 6,623 shares during the quarter. Investment House LLC’s holdings in FedEx Freight were worth $416,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of FDXF. Lmcg Investments LLC lifted its holdings in FedEx Freight by 5.3% in the third quarter. Lmcg Investments LLC now owns 23,714 shares of the company’s stock worth $2,594,000 after acquiring an additional 1,187 shares during the last quarter. Cardinal Capital Management grew its holdings in shares of FedEx Freight by 14.3% during the third quarter. Cardinal Capital Management now owns 10,284 shares of the company’s stock valued at $1,125,000 after purchasing an additional 1,286 shares during the last quarter. Cardinal Point Capital Management ULC grew its holdings in shares of FedEx Freight by 10.5% during the third quarter. Cardinal Point Capital Management ULC now owns 16,133 shares of the company’s stock valued at $1,765,000 after purchasing an additional 1,531 shares during the last quarter. Smith Shellnut Wilson LLC ADV acquired a new stake in shares of FedEx Freight during the 3rd quarter worth approximately $230,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of FedEx Freight during the 3rd quarter worth approximately $376,000.

FedEx Freight Price Performance

Shares of NYSE FDXF opened at $110.23 on Friday. The business’s 50 day simple moving average is $121.39. FedEx Freight Hldg Co has a 12-month low of $105.75 and a 12-month high of $194.27.

Wall Street Analyst Weigh In

FDXF has been the topic of several recent research reports. Truist Financial cut their price target on FedEx Freight from $155.00 to $115.00 and set a “hold” rating on the stock in a report on Wednesday, October 7th. Citigroup assumed coverage on FedEx Freight in a research note on Wednesday, July 15th. They set an “outperform” rating for the company. Raymond James Financial restated an “outperform” rating and set a $165.00 price objective on shares of FedEx Freight in a research note on Thursday, October 15th. Sanford C. Bernstein initiated coverage on FedEx Freight in a research report on Thursday, September 10th. They issued a “market perform” rating and a $133.00 target price on the stock. Finally, Bank of America cut their target price on FedEx Freight from $157.00 to $140.00 and set a “buy” rating on the stock in a research note on Tuesday, September 29th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $158.85.

FedEx Freight 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.