Ontario Teachers Pension Plan Board Purchases 7,088 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Posted by MarketBeat News on Sep 13th, 2023

Ontario Teachers Pension Plan Board lifted its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD – Free Report) by 10.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,018 shares of the transportation company’s stock after buying an additional 7,088 shares during the period. Expeditors International of Washington comprises 0.1% of Ontario Teachers Pension Plan Board’s holdings, making the stock its 29th largest position. Ontario Teachers Pension Plan Board’s holdings in Expeditors International of Washington were worth $8,041,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in EXPD. New Hampshire Trust bought a new stake in shares of Expeditors International of Washington in the 4th quarter valued at $26,000. First Horizon Advisors Inc. increased its holdings in Expeditors International of Washington by 53.8% during the 1st quarter. First Horizon Advisors Inc. now owns 263 shares of the transportation company’s stock worth $29,000 after purchasing an additional 92 shares in the last quarter. Clear Street Markets LLC increased its holdings in Expeditors International of Washington by 95.0% during the 1st quarter. Clear Street Markets LLC now owns 314 shares of the transportation company’s stock worth $35,000 after purchasing an additional 153 shares in the last quarter. Covestor Ltd increased its holdings in Expeditors International of Washington by 103.6% during the 1st quarter. Covestor Ltd now owns 342 shares of the transportation company’s stock worth $35,000 after purchasing an additional 174 shares in the last quarter. Finally, Raleigh Capital Management Inc. increased its holdings in Expeditors International of Washington by 36.9% during the 1st quarter. Raleigh Capital Management Inc. now owns 345 shares of the transportation company’s stock worth $38,000 after purchasing an additional 93 shares in the last quarter. Institutional investors own 96.73% of the company’s stock.

Expeditors International of Washington Stock Performance

Expeditors International of Washington stock traded up $1.57 during midday trading on Wednesday, reaching $118.01. 453,684 shares of the company’s stock were exchanged, compared to its average volume of 1,210,104. Expeditors International of Washington, Inc. has a 52 week low of $86.08 and a 52 week high of $128.04. The firm has a market cap of $17.45 billion, a price-to-earnings ratio of 17.46 and a beta of 1.02. The stock’s 50-day simple moving average is $119.60 and its 200 day simple moving average is $114.70.

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Expeditors International of Washington (NASDAQ:EXPD – Get Free Report) last posted its quarterly earnings results on Tuesday, August 8th. The transportation company reported $1.30 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 business had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter in the previous year, the business posted $2.27 EPS. The company’s revenue for the quarter was down 51.3% on a year-over-year basis. Research analysts forecast that Expeditors International of Washington, Inc. will post 5.36 earnings per share for the current year.

Wall Street Analyst Weigh In

EXPD has been the subject of a number of research reports. Stifel Nicolaus increased their target price on Expeditors International of Washington from $99.00 to $115.00 and gave the stock a “hold” rating in a report on Wednesday, July 19th. StockNews.com started coverage on Expeditors International of Washington in a report on Thursday, August 17th. They set a “hold” rating for the company. Susquehanna raised 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. Stephens lifted their target price on Expeditors International of Washington from $105.00 to $115.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 9th. Finally, JPMorgan Chase & Co. initiated coverage on Expeditors International of Washington in a research report on Friday, August 11th. They issued an “underweight” rating and a $110.00 target price on the stock. Four analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $106.18.

Check Out Our Latest Research Report on Expeditors International of Washington

About Expeditors International of Washington

(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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