Diamond Hill Capital Management LLC Investment Advisor Buys Shares of 130,239 FedEx Freight Hldg Co $FDXF

Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of FedEx Freight Hldg Co (NYSE:FDXF) during the second quarter, Holdings Channel.com reports. The fund purchased 130,239 shares of the company’s stock, valued at approximately $19,666,000.

Wall Street Analysts Forecast Growth

FDXF has been the subject of several recent research reports. Raymond James Financial started coverage on shares of FedEx Freight in a research note on Wednesday, June 3rd. They issued an “outperform” rating and a $180.00 price objective for the company. Zacks Research upgraded shares of FedEx Freight to a “hold” rating in a report on Tuesday, June 2nd. Citigroup assumed coverage on shares of FedEx Freight in a research report on Wednesday, July 15th. They issued an “outperform” rating for the company. Wolfe Research initiated coverage on shares of FedEx Freight in a research note on Thursday, June 4th. They issued an “outperform” rating and a $180.00 price target for the company. Finally, Jefferies Financial Group initiated coverage on FedEx Freight in a research report on Tuesday, June 23rd. They set a “buy” rating and a $200.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $177.90.

FedEx Freight Stock Performance

FDXF stock opened at $150.34 on Monday. The business’s 50 day moving average is $153.77. FedEx Freight Hldg Co has a twelve month low of $135.64 and a twelve month high of $194.27.

FedEx Freight (NYSE:FDXF) last announced its quarterly earnings results on Thursday, June 25th. The company reported $0.00 earnings per share for the quarter. As a group, analysts predict that FedEx Freight Hldg Co will post 5.47 earnings per share for the current year.

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.