MetLife Investment Management LLC Purchases 14,128 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Posted by admin on Sep 6th, 2022

MetLife Investment Management LLC raised its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD – Get Rating) by 37.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 51,554 shares of the transportation company’s stock after acquiring an additional 14,128 shares during the quarter. MetLife Investment Management LLC’s holdings in Expeditors International of Washington were worth $5,318,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Acadian Asset Management LLC boosted its position in Expeditors International of Washington by 6.1% during the first quarter. Acadian Asset Management LLC now owns 1,294,882 shares of the transportation company’s stock valued at $133,548,000 after acquiring an additional 73,955 shares during the last quarter. FORA Capital LLC bought a new position in shares of Expeditors International of Washington during the 1st quarter worth about $1,723,000. Norinchukin Bank The boosted its position in shares of Expeditors International of Washington by 10.6% during the 1st quarter. Norinchukin Bank The now owns 16,575 shares of the transportation company’s stock worth $1,710,000 after purchasing an additional 1,589 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Expeditors International of Washington by 27.2% during the 1st quarter. Bank of Montreal Can now owns 220,814 shares of the transportation company’s stock worth $23,217,000 after purchasing an additional 47,245 shares in the last quarter. Finally, AlphaCrest Capital Management LLC boosted its position in shares of Expeditors International of Washington by 125.7% during the 1st quarter. AlphaCrest Capital Management LLC now owns 52,411 shares of the transportation company’s stock worth $5,407,000 after purchasing an additional 29,192 shares in the last quarter. Institutional investors own 89.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on EXPD. Wolfe Research cut shares of Expeditors International of Washington from a “peer perform” rating to an “underperform” rating in a research report on Tuesday, July 12th. Wells Fargo & Company decreased their price objective on shares of Expeditors International of Washington from $101.00 to $97.00 and set an “equal weight” rating for the company in a research note on Friday, July 15th. Barclays decreased their price target on shares of Expeditors International of Washington from $105.00 to $95.00 and set an “underweight” rating for the company in a research note on Tuesday, July 12th. Finally, StockNews.com upgraded shares of Expeditors International of Washington from a “hold” rating to a “buy” rating in a research note on Friday, August 19th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $108.38.

Expeditors International of Washington Trading Down 2.1 %

EXPD stock opened at $101.68 on Tuesday. The firm’s 50-day moving average price is $102.04 and its two-hundred day moving average price is $102.64. Expeditors International of Washington, Inc. has a 12-month low of $92.58 and a 12-month high of $137.80. The stock has a market capitalization of $17.06 billion, a price-to-earnings ratio of 11.21 and a beta of 0.87.

Expeditors International of Washington (NASDAQ:EXPD – Get Rating) last announced its earnings results on Tuesday, August 2nd. The transportation company reported $2.27 earnings per share for the quarter, beating analysts’ consensus estimates of $2.13 by $0.14. The business had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $4.70 billion. Expeditors International of Washington had a net margin of 8.09% and a return on equity of 42.95%. The business’s revenue for the quarter was up 27.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.84 earnings per share. Equities analysts predict that Expeditors International of Washington, Inc. will post 7.88 EPS for the current year.

Expeditors International of Washington Profile

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Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.

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