Dupont Capital Management Corp Reduces Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Posted by Defense World Staff on Oct 15th, 2022

Dupont Capital Management Corp trimmed its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD – Get Rating) by 13.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 765 shares of the transportation company’s stock after selling 123 shares during the period. Dupont Capital Management Corp’s holdings in Expeditors International of Washington were worth $75,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of EXPD. Vident Investment Advisory LLC increased its stake in shares of Expeditors International of Washington by 32.8% during the 4th quarter. Vident Investment Advisory LLC now owns 38,287 shares of the transportation company’s stock worth $5,142,000 after purchasing an additional 9,457 shares in the last quarter. BlackRock Inc. grew its stake in Expeditors International of Washington by 8.6% in the 4th quarter. BlackRock Inc. now owns 22,923,231 shares of the transportation company’s stock worth $3,078,361,000 after acquiring an additional 1,812,773 shares during the period. JustInvest LLC grew its stake in Expeditors International of Washington by 30.8% in the 4th quarter. JustInvest LLC now owns 7,338 shares of the transportation company’s stock worth $985,000 after acquiring an additional 1,728 shares during the period. Resources Investment Advisors LLC. grew its stake in Expeditors International of Washington by 27.4% in the 4th quarter. Resources Investment Advisors LLC. now owns 3,117 shares of the transportation company’s stock worth $419,000 after acquiring an additional 670 shares during the period. Finally, Westwood Holdings Group Inc. grew its stake in Expeditors International of Washington by 67.6% in the 4th quarter. Westwood Holdings Group Inc. now owns 18,462 shares of the transportation company’s stock worth $2,480,000 after acquiring an additional 7,445 shares during the period. 89.56% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Trading Down 0.3 %

NASDAQ:EXPD opened at $89.97 on Friday. The firm has a market capitalization of $15.09 billion, a price-to-earnings ratio of 9.92 and a beta of 0.91. The firm’s fifty day simple moving average is $98.24 and its 200 day simple moving average is $100.51. Expeditors International of Washington, Inc. has a twelve month low of $86.08 and a twelve month high of $137.80.

Expeditors International of Washington (NASDAQ:EXPD – Get Rating) last posted its earnings results on Tuesday, August 2nd. The transportation company reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.18. The business had revenue of $4.60 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 27.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.84 EPS. On average, analysts predict that Expeditors International of Washington, Inc. will post 7.87 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on EXPD shares. Wells Fargo & Company lowered their target price 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. Wolfe Research cut shares of Expeditors International of Washington from a “peer perform” rating to an “underperform” rating in a research note on Tuesday, July 12th. Morgan Stanley lowered their target price on shares of Expeditors International of Washington from $94.00 to $86.00 and set an “underweight” rating for the company in a research note on Monday, October 3rd. StockNews.com assumed coverage on shares of Expeditors International of Washington in a research note on Wednesday. They issued a “hold” rating for the company. Finally, Barclays decreased their price target on shares of Expeditors International of Washington from $95.00 to $90.00 and set an “underweight” rating on the stock in a report on Thursday. Three research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $106.75.

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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