Tidal Investments LLC Takes $2.66 Million Position in FedEx Freight Hldg Co $FDXF

Tidal Investments LLC bought a new position in FedEx Freight Hldg Co (NYSE:FDXF) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 17,601 shares of the company’s stock, valued at approximately $2,658,000.

A number of other hedge funds have also made changes to their positions in the company. Maple Rock Capital Partners Inc. bought a new position in FedEx Freight during the 2nd quarter valued at about $68,207,000. Allianz Asset Management GmbH bought a new stake in FedEx Freight during the 2nd quarter worth approximately $50,888,000. National Pension Service acquired a new stake in FedEx Freight during the 2nd quarter valued at $26,648,000. Diamond Hill Capital Management LLC Investment Advisor bought 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 in the second quarter valued at $10,838,000.

Analyst Ratings Changes

FDXF has been the topic of several research reports. Stifel Nicolaus began coverage on shares of FedEx Freight in a research report on Thursday, June 4th. They set a “hold” rating and a $160.00 price target on the stock. Citigroup began coverage on FedEx Freight in a report on Wednesday, July 15th. They set an “outperform” rating on the stock. Evercore assumed coverage on FedEx Freight in a research report on Thursday, June 4th. They issued an “outperform” rating and a $168.00 price objective on the stock. JPMorgan Chase & Co. began coverage on FedEx Freight in a research note on Tuesday, September 8th. They issued an “overweight” rating and a $160.00 target price for the company. Finally, BMO Capital Markets boosted their target price on 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 investment 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 given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $172.67.

FedEx Freight Trading Down 1.9%

NYSE FDXF opened at $127.01 on Wednesday. FedEx Freight Hldg Co has a one year low of $122.43 and a one year high of $194.27. The stock’s 50-day simple moving average is $140.16.

FedEx Freight (NYSE:FDXF) last issued its quarterly earnings data on Thursday, June 25th. The company reported $0.00 earnings per share (EPS) for the quarter. Research analysts anticipate that FedEx Freight Hldg Co will post 4.8 earnings per share for the current fiscal year.

FedEx Freight 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.