Scholtz & Company LLC Invests $1.97 Million in FedEx Freight Hldg Co $FDXF

Scholtz & Company LLC purchased a new stake in shares of FedEx Freight Hldg Co (NYSE:FDXF) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 13,026 shares of the company’s stock, valued at approximately $1,967,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Birch Capital Management LLC purchased a new stake in FedEx Freight in the second quarter worth about $1,439,000. Maple Rock Capital Partners Inc. bought a new stake in shares of FedEx Freight in the 2nd quarter valued at about $68,207,000. Kiltearn Partners LLP bought a new position in FedEx Freight in the second quarter worth approximately $1,727,000. Twin Lakes Capital Management LLC bought a new position in shares of FedEx Freight in the 2nd quarter worth $1,269,000. Finally, F&V Capital Management LLC purchased a new stake in shares of FedEx Freight during the second quarter valued at about $4,785,000.

FedEx Freight Stock Performance

Shares of FDXF stock opened at $125.08 on Thursday. The company has a fifty day moving average price of $141.98. FedEx Freight Hldg Co has a fifty-two week low of $123.24 and a fifty-two week high of $194.27.

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Evercore began coverage on FedEx Freight in a research report on Thursday, June 4th. They issued an “outperform” rating and a $168.00 price objective for the company. Zacks Research raised FedEx Freight to a “hold” rating in a research report on Tuesday, June 2nd. Citizens Jmp assumed coverage on shares of FedEx Freight in a research report on Wednesday, July 15th. They set a “market outperform” rating and a $190.00 price target for the company. Stephens assumed coverage on FedEx Freight in a report on Wednesday, July 8th. They issued an “overweight” rating and a $180.00 price objective for the company. Finally, BMO Capital Markets lifted their price objective on shares of FedEx Freight from $140.00 to $150.00 and gave the company a “market perform” rating in a report on Friday, June 26th. One research 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. According to data from MarketBeat.com, FedEx Freight currently has a consensus rating of “Moderate Buy” and a consensus price target of $176.27.

About FedEx Freight

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.