Silverleafe Capital Partners LLC Acquires 34,627 Shares of FedEx Freight Hldg Co $FDXF

Silverleafe Capital Partners LLC bought a new position in FedEx Freight Hldg Co (NYSE:FDXF) in the third quarter, Holdings Channel reports. The firm bought 34,627 shares of the company’s stock, valued at approximately $3,788,000. FedEx Freight makes up about 1.1% of Silverleafe Capital Partners LLC’s investment portfolio, making the stock its 21st largest position.

Several other hedge funds have also recently made changes to their positions in FDXF. CYBER HORNET ETFs LLC purchased a new position in shares of FedEx Freight during the 2nd quarter valued at $44,000. United Community Bank purchased a new stake in FedEx Freight in the 2nd quarter worth about $46,000. Syntax Research Inc. bought a new stake in FedEx Freight in the 2nd quarter valued at about $64,000. MCF Advisors LLC bought a new stake in FedEx Freight in the 2nd quarter valued at about $65,000. Finally, Coastline Trust Co purchased a new stake in FedEx Freight during the third quarter valued at about $54,000.

FedEx Freight Stock Up 1.9%

Shares of FDXF traded up $2.12 during midday trading on Friday, hitting $112.79. 1,553,828 shares of the company traded hands, compared to its average volume of 1,685,863. The stock’s 50-day moving average is $132.13. FedEx Freight Hldg Co has a one year low of $107.67 and a one year high of $194.27.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Evercore initiated coverage on shares of FedEx Freight in a research note on Thursday, June 4th. They set an “outperform” rating and a $168.00 price target on the stock. Weiss Ratings lowered shares of FedEx Freight from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, September 22nd. Sanford C. Bernstein started coverage on shares of FedEx Freight in a report on Thursday, September 10th. They set a “market perform” rating and a $133.00 target price on the stock. Bank of America dropped their target price on FedEx Freight from $157.00 to $140.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Jefferies Financial Group assumed coverage on FedEx Freight in a report on Tuesday, June 23rd. They issued a “buy” rating and a $200.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $168.92.

FedEx Freight Profile

FedEx Freight is a transportation and logistics company focused on less-than-truckload (LTL) shipping. It moves palletized and oversized freight that does not require a full truck, serving commercial, industrial and residential customers through scheduled pickup and delivery services.

The company offers time-sensitive and cost-conscious freight options, including FedEx Freight Priority and FedEx Freight Economy. Its services also include shipment tracking and visibility tools, freight pickup and delivery, cross-border transportation, and specialized solutions for shipments requiring additional handling or delivery coordination.

FedEx Freight primarily serves the United States, with transportation connections to Canada, Mexico and other international markets through the broader FedEx network.