FedEx Freight Hldg Co $FDXF Stock: Investment House LLC Reduces Position

Investment House LLC trimmed its holdings in FedEx Freight Hldg Co (NYSE:FDXF) by 63.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,799 shares of the company’s stock after selling 6,623 shares during the period. Investment House LLC’s holdings in FedEx Freight were worth $416,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

FDXF has been the subject of several recent analyst reports. Bank of America decreased their price objective on shares of FedEx Freight from $157.00 to $140.00 and set a “buy” rating for the company in a report on Tuesday, September 29th. Citigroup started coverage on shares of FedEx Freight in a research note on Wednesday, July 15th. They issued an “outperform” rating on the stock. Stephens started coverage on shares of FedEx Freight in a research report on Wednesday, July 8th. They set an “overweight” rating and a $180.00 price target on the stock. Weiss Ratings downgraded FedEx Freight from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, September 22nd. Finally, BMO Capital Markets set a $130.00 price objective on FedEx Freight in a report on Wednesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, FedEx Freight currently has an average rating of “Moderate Buy” and an average price target of $158.85.

FedEx Freight Trading Down 0.7%

FDXF stock opened at $110.23 on Friday. FedEx Freight Hldg Co has a 12-month low of $105.75 and a 12-month high of $194.27. The firm’s 50 day moving average price is $121.39.

FedEx Freight 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.