Lake Street Private Wealth LLC Makes New Investment in FedEx Freight Hldg Co $FDXF

Lake Street Private Wealth LLC bought a new position in shares of FedEx Freight Hldg Co (NYSE:FDXF) during the 3rd quarter, Holdings Channel.com reports. The firm bought 7,812 shares of the company’s stock, valued at approximately $854,000.

Other hedge funds have also recently bought and sold shares of the company. Brookstone Capital Management lifted its position in shares of FedEx Freight by 7.7% in the third quarter. Brookstone Capital Management now owns 3,496 shares of the company’s stock worth $382,000 after buying an additional 249 shares during the last quarter. Root Financial Partners LLC bought a new stake in shares of FedEx Freight during the 3rd quarter worth about $50,000. Lmcg Investments LLC increased its holdings in shares of FedEx Freight by 5.3% during the 3rd quarter. Lmcg Investments LLC now owns 23,714 shares of the company’s stock valued at $2,594,000 after acquiring an additional 1,187 shares during the last quarter. Cardinal Capital Management increased its holdings in shares of FedEx Freight by 14.3% during the 3rd quarter. Cardinal Capital Management now owns 10,284 shares of the company’s stock valued at $1,125,000 after acquiring an additional 1,286 shares during the last quarter. Finally, Cardinal Point Capital Management ULC increased its holdings in shares of FedEx Freight by 10.5% during the 3rd quarter. Cardinal Point Capital Management ULC now owns 16,133 shares of the company’s stock valued at $1,765,000 after acquiring an additional 1,531 shares during the last quarter.

Analyst Ratings Changes

A number of research analysts recently weighed in on FDXF shares. JPMorgan Chase & Co. cut their price objective on FedEx Freight from $160.00 to $149.00 and set an “overweight” rating on the stock in a research note on Monday, October 5th. Raymond James Financial reaffirmed an “outperform” rating and set a $165.00 target price on shares of FedEx Freight in a research report on Thursday, October 15th. Weiss Ratings downgraded FedEx Freight from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, September 22nd. Citigroup began coverage on FedEx Freight in a report on Wednesday, July 15th. They set an “outperform” rating on the stock. Finally, BMO Capital Markets set a $130.00 price target on shares of FedEx Freight in a research report on Wednesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $158.85.

FedEx Freight Trading Up 2.9%

Shares of FDXF opened at $111.05 on Friday. FedEx Freight Hldg Co has a one year low of $105.75 and a one year high of $194.27. The stock has a fifty day moving average price of $122.19.

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.