F&V Capital Management LLC Takes Position in FedEx Freight Hldg Co $FDXF

F&V Capital Management LLC acquired a new position in shares of FedEx Freight Hldg Co (NYSE:FDXF) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 31,691 shares of the company’s stock, valued at approximately $4,785,000.

Several other large investors have also recently bought and sold shares of FDXF. Kiltearn Partners LLP acquired a new stake in FedEx Freight during the second quarter worth about $1,727,000. Ancora Advisors LLC acquired a new stake in shares of FedEx Freight during the 2nd quarter worth approximately $8,279,000. Pacific Heights Asset Management LLC bought a new stake in shares of FedEx Freight during the second quarter valued at approximately $6,418,000. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in shares of FedEx Freight during the second quarter valued at approximately $19,666,000. Finally, Commerzbank Aktiengesellschaft FI acquired a new position in shares of FedEx Freight in the second quarter valued at $984,000.

Analyst Ratings Changes

Several brokerages recently commented on FDXF. Stifel Nicolaus assumed coverage on FedEx Freight in a research report on Thursday, June 4th. They issued a “hold” rating and a $160.00 target price for the company. Wall Street Zen raised shares of FedEx Freight to a “hold” rating in a report on Saturday, June 6th. Bank of America began coverage on shares of FedEx Freight in a research note on Monday, June 1st. They issued a “buy” rating and a $185.00 price objective for the company. BMO Capital Markets raised their price objective on shares of FedEx Freight from $140.00 to $150.00 and gave the stock a “market perform” rating in a report on Friday, June 26th. Finally, The Goldman Sachs Group started coverage on shares of FedEx Freight in a research report on Wednesday, July 1st. They set a “buy” rating and a $186.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $177.90.

FedEx Freight Stock Down 0.3%

Shares of FDXF stock opened at $133.07 on Monday. FedEx Freight Hldg Co has a 12-month low of $127.65 and a 12-month high of $194.27. The company’s 50-day moving average price is $146.57.

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

FedEx Freight Profile

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.