7,819 Shares in FedEx Freight Hldg Co $FDXF Acquired by Saudi Central Bank

Saudi Central Bank bought a new position in shares of FedEx Freight Hldg Co (NYSE:FDXF) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 7,819 shares of the company’s stock, valued at approximately $1,181,000.

Several other hedge funds also recently added to or reduced their stakes in FDXF. United Community Bank acquired a new stake in FedEx Freight during the second quarter worth approximately $46,000. Syntax Research Inc. purchased a new stake in shares of FedEx Freight during the 2nd quarter worth approximately $64,000. First Bancorp Inc ME acquired a new position in shares of FedEx Freight in the 2nd quarter valued at $80,000. Investors Research Corp purchased a new position in shares of FedEx Freight in the 2nd quarter valued at $80,000. Finally, Sumitomo Life Insurance Co. purchased a new position in shares of FedEx Freight in the 2nd quarter valued at $194,000.

FedEx Freight Stock Down 0.4%

Shares of NYSE:FDXF opened at $128.93 on Wednesday. FedEx Freight Hldg Co has a 1-year low of $123.24 and a 1-year high of $194.27. The stock’s fifty day simple moving average is $142.59.

FedEx Freight (NYSE:FDXF) last posted its quarterly earnings data on Thursday, June 25th. The company reported $0.00 EPS for the quarter. As a group, research analysts expect that FedEx Freight Hldg Co will post 5.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on FDXF shares. Weiss Ratings initiated coverage on shares of FedEx Freight in a research report on Tuesday, August 25th. They issued a “sell (d)” rating for the company. Wolfe Research assumed coverage on FedEx Freight in a report on Thursday, June 4th. They set an “outperform” rating and a $180.00 price objective on the stock. The Goldman Sachs Group assumed coverage on FedEx Freight in a research report on Wednesday, July 1st. They set a “buy” rating and a $186.00 target price on the stock. Evercore assumed coverage on FedEx Freight in a report on Thursday, June 4th. They issued an “outperform” rating and a $168.00 target price for the company. Finally, Citizens Jmp started coverage on FedEx Freight in a research report on Wednesday, July 15th. They issued a “market outperform” rating and a $190.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $176.27.

About FedEx Freight

FedEx Freight is the less-than-truckload (LTL) freight transportation arm of FedEx, providing time-definite, regional, and interregional shipping services for commercial customers in North America. The company specializes in moving palletized freight that is too large for parcel shipment but does not require a full truckload, and it offers services designed to help businesses manage supply chain and distribution needs.

As part of the FedEx family of companies, FedEx Freight operates an extensive network of service centers and transportation routes across the United States, Canada, and Mexico.