KBC Group NV Has $8.77 Million Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Posted by Defense World Staff on Oct 9th, 2022

KBC Group NV trimmed its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD – Get Rating) by 7.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 89,940 shares of the transportation company’s stock after selling 7,474 shares during the quarter. KBC Group NV owned approximately 0.05% of Expeditors International of Washington worth $8,766,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Exchange Traded Concepts LLC lifted its holdings in shares of Expeditors International of Washington by 23.5% during the 1st quarter. Exchange Traded Concepts LLC now owns 3,953 shares of the transportation company’s stock valued at $408,000 after buying an additional 753 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Expeditors International of Washington by 0.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 317,538 shares of the transportation company’s stock valued at $32,757,000 after buying an additional 1,131 shares during the last quarter. AE Wealth Management LLC lifted its holdings in shares of Expeditors International of Washington by 15.0% during the 1st quarter. AE Wealth Management LLC now owns 5,176 shares of the transportation company’s stock valued at $534,000 after buying an additional 674 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in Expeditors International of Washington by 50.1% in the 1st quarter. Crossmark Global Holdings Inc. now owns 27,505 shares of the transportation company’s stock worth $2,838,000 after purchasing an additional 9,180 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its holdings in Expeditors International of Washington by 98.2% in the 4th quarter. Mackenzie Financial Corp now owns 101,319 shares of the transportation company’s stock worth $13,606,000 after purchasing an additional 50,194 shares during the last quarter. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Morgan Stanley reduced their target price on Expeditors International of Washington from $94.00 to $86.00 and set an “underweight” rating for the company in a report on Monday, October 3rd. Barclays reduced their target price on Expeditors International of Washington from $105.00 to $95.00 and set an “underweight” rating for the company in a report on Tuesday, July 12th. StockNews.com lowered Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Tuesday, September 13th. Wolfe Research lowered Expeditors International of Washington from a “peer perform” rating to an “underperform” rating in a report on Tuesday, July 12th. Finally, Wells Fargo & Company reduced their target price on Expeditors International of Washington from $101.00 to $97.00 and set an “equal weight” rating for the company in a report on Friday, July 15th. Three analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $107.38.

Expeditors International of Washington Stock Down 1.6 %

Shares of EXPD stock opened at $89.20 on Friday. Expeditors International of Washington, Inc. has a 12 month low of $86.08 and a 12 month high of $137.80. The firm has a market cap of $14.96 billion, a PE ratio of 9.83 and a beta of 0.91. The stock has a 50 day moving average of $99.66 and a 200-day moving average of $100.98.

Expeditors International of Washington (NASDAQ:EXPD – Get Rating) last issued its quarterly earnings results on Tuesday, August 2nd. The transportation company reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $0.18. Expeditors International of Washington had a return on equity of 42.95% and a net margin of 8.09%. The company had revenue of $4.60 billion during the quarter, compared to analyst estimates of $4.70 billion. During the same period in the previous year, the company earned $1.84 earnings per share. The company’s quarterly revenue was up 27.5% compared to the same quarter last year. As a group, equities analysts predict that Expeditors International of Washington, Inc. will post 7.87 EPS for the current fiscal year.

Expeditors International of Washington Company 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.