First Nebraska Trust Co Purchases 14,360 Shares of FedEx Freight Hldg Co $FDXF

First Nebraska Trust Co purchased a new stake in shares of FedEx Freight Hldg Co (NYSE:FDXF) in the 3rd quarter, HoldingsChannel reports. The firm purchased 14,360 shares of the company’s stock, valued at approximately $1,570,000.

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

FedEx Freight Stock Performance

FDXF stock opened at $129.83 on Wednesday. The company has a 50-day moving average price of $118.70. FedEx Freight Hldg Co has a 12-month low of $103.47 and a 12-month high of $194.27.

FedEx Freight (NYSE:FDXF) last posted its earnings results on Thursday, October 29th. The company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.11. The firm had revenue of $2.46 billion for the quarter. As a group, equities analysts predict that FedEx Freight Hldg Co will post 4.86 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Raymond James Financial restated an “outperform” rating and set a $165.00 price target on shares of FedEx Freight in a research report on Thursday, October 15th. Sanford C. Bernstein started coverage on FedEx Freight in a research report on Thursday, September 10th. They issued a “market perform” rating and a $133.00 price objective for the company. Stephens began coverage on FedEx Freight in a research note on Wednesday, July 8th. They set an “overweight” rating and a $180.00 price objective for the company. BMO Capital Markets set a $130.00 price objective on FedEx Freight in a research note on Wednesday, October 7th. Finally, Stifel Nicolaus cut their target price on shares of FedEx Freight from $160.00 to $129.00 and set a “hold” rating on the stock in a report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, FedEx Freight has a consensus rating of “Moderate Buy” and a consensus price target of $159.00.

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.