FedEx Freight Hldg Co $FDXF Shares Newly Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of FedEx Freight Hldg Co (NYSE:FDXF) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 30,889 shares of the company’s stock, valued at approximately $3,379,000.

A number of other large investors have also recently bought and sold shares of FDXF. State Street Corp acquired a new position in shares of FedEx Freight in the 2nd quarter valued at approximately $723,747,000. Maple Rock Capital Partners Inc. bought a new stake in shares of FedEx Freight during the 2nd quarter worth approximately $68,207,000. Allianz Asset Management GmbH bought a new stake in shares of FedEx Freight during the 2nd quarter worth approximately $50,888,000. National Pension Service acquired a new stake in shares of FedEx Freight during the 2nd quarter worth approximately $26,648,000. Finally, Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of FedEx Freight during the 2nd quarter worth approximately $19,666,000.

Analyst Upgrades and Downgrades

Several brokerages have commented on FDXF. Raymond James Financial restated an “outperform” rating and set a $165.00 price objective on shares of FedEx Freight in a research report on Thursday, October 15th. Citigroup started coverage on FedEx Freight in a research note on Wednesday, July 15th. They issued an “outperform” rating on the stock. Citizens Jmp started coverage on FedEx Freight in a research note on Wednesday, July 15th. They issued a “market outperform” rating and a $190.00 price target on the stock. Weiss Ratings raised FedEx Freight from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday. Finally, Stifel Nicolaus dropped their price objective on FedEx Freight from $160.00 to $129.00 and set a “hold” rating for the company in a research report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $159.00.

FedEx Freight Trading Down 0.4%

Shares of FDXF stock traded down $0.53 during mid-day trading on Friday, reaching $123.88. 797,910 shares of the stock traded hands, compared to its average volume of 1,534,560. FedEx Freight Hldg Co has a 1-year low of $103.47 and a 1-year high of $194.27. The business has a fifty day moving average price of $118.37.

FedEx Freight (NYSE:FDXF) last released its quarterly earnings results on Thursday, October 29th. The company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.11. The business had revenue of $2.46 billion for the quarter. On average, sell-side analysts predict that FedEx Freight Hldg Co will post 4.67 earnings per share for the current fiscal year.

About FedEx Freight

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.