Johnson Financial Group Inc. Buys 2,053 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Posted by MarketBeat News on Sep 7th, 2023

Johnson Financial Group Inc. increased its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD – Free Report) by 15.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,780 shares of the transportation company’s stock after purchasing an additional 2,053 shares during the quarter. Johnson Financial Group Inc.’s holdings in Expeditors International of Washington were worth $1,738,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. New Hampshire Trust purchased a new stake in shares of Expeditors International of Washington during the 4th quarter valued at $26,000. Clear Street Markets LLC boosted its holdings in Expeditors International of Washington by 95.0% in the first quarter. Clear Street Markets LLC now owns 314 shares of the transportation company’s stock worth $35,000 after acquiring an additional 153 shares in the last quarter. Covestor Ltd grew its stake in shares of Expeditors International of Washington by 103.6% during the first quarter. Covestor Ltd now owns 342 shares of the transportation company’s stock worth $35,000 after acquiring an additional 174 shares during the last quarter. Bbjs Financial Advisors LLC purchased a new stake in shares of Expeditors International of Washington during the fourth quarter worth about $46,000. Finally, CI Investments Inc. increased its holdings in shares of Expeditors International of Washington by 103.2% during the fourth quarter. CI Investments Inc. now owns 451 shares of the transportation company’s stock valued at $47,000 after acquiring an additional 229 shares in the last quarter. Hedge funds and other institutional investors own 96.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on EXPD shares. JPMorgan Chase & Co. assumed coverage on shares of Expeditors International of Washington in a research note on Friday, August 11th. They set an “underweight” rating and a $110.00 price target on the stock. Stifel Nicolaus raised their target price on Expeditors International of Washington from $99.00 to $115.00 and gave the stock a “hold” rating in a research note on Wednesday, July 19th. Morgan Stanley lifted their price target on Expeditors International of Washington from $84.00 to $86.00 and gave the stock an “underweight” rating in a research report on Monday, August 14th. Susquehanna increased their price objective on Expeditors International of Washington from $104.00 to $115.00 and gave the company a “neutral” rating in a report on Wednesday, August 9th. Finally, StockNews.com initiated coverage on Expeditors International of Washington in a report on Thursday, August 17th. They set a “hold” rating for the company. Four investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat.com, Expeditors International of Washington has a consensus rating of “Hold” and a consensus price target of $106.18.

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Expeditors International of Washington Trading Down 0.5 %

Expeditors International of Washington stock traded down $0.55 during mid-day trading on Thursday, hitting $115.04. The company had a trading volume of 237,951 shares, compared to its average volume of 1,210,326. The company has a market capitalization of $17.01 billion, a price-to-earnings ratio of 17.33 and a beta of 1.02. Expeditors International of Washington, Inc. has a 12-month low of $86.08 and a 12-month high of $128.04. The company’s fifty day moving average is $120.03 and its 200-day moving average is $114.42.

Expeditors International of Washington (NASDAQ:EXPD – Get Free Report) last announced its quarterly earnings results on Tuesday, August 8th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.04). Expeditors International of Washington had a return on equity of 34.31% and a net margin of 8.36%. The firm had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.65 billion. During the same period last year, the company posted $2.27 earnings per share. The business’s quarterly revenue was down 51.3% on a year-over-year basis. As a group, sell-side analysts expect that Expeditors International of Washington, Inc. will post 5.36 EPS for the current fiscal year.

Expeditors International of Washington Company Profile

(Free Report)

Expeditors International of Washington, Inc, together with its subsidiaries, 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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