Blackhawk Capital Partners LLC. Has $522,000 Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Posted by MarketBeat News on Sep 27th, 2023

Blackhawk Capital Partners LLC. lowered its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD – Free Report) by 24.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,310 shares of the transportation company’s stock after selling 1,416 shares during the period. Blackhawk Capital Partners LLC.’s holdings in Expeditors International of Washington were worth $522,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Expeditors International of Washington by 6.6% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,667 shares of the transportation company’s stock valued at $2,338,000 after purchasing an additional 1,404 shares during the period. Sei Investments Co. increased its holdings in Expeditors International of Washington by 6.7% during the first quarter. Sei Investments Co. now owns 133,626 shares of the transportation company’s stock worth $13,801,000 after buying an additional 8,438 shares during the last quarter. National Pension Service raised its holdings in shares of Expeditors International of Washington by 4.9% in the 1st quarter. National Pension Service now owns 288,713 shares of the transportation company’s stock valued at $29,784,000 after purchasing an additional 13,608 shares during the period. Vanguard Group Inc. lifted its stake in Expeditors International of Washington by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 19,675,632 shares of the transportation company’s stock valued at $2,029,739,000 after purchasing an additional 190,319 shares during the last quarter. Finally, Zions Bancorporation N.A. grew its holdings in Expeditors International of Washington by 234.3% during the first quarter. Zions Bancorporation N.A. now owns 575 shares of the transportation company’s stock worth $59,000 after purchasing an additional 403 shares during the period. 96.73% of the stock is currently owned by institutional investors.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock traded down $0.75 during midday trading on Wednesday, hitting $113.25. The company’s stock had a trading volume of 94,114 shares, compared to its average volume of 1,203,995. Expeditors International of Washington, Inc. has a 1-year low of $86.12 and a 1-year high of $128.04. The company has a 50-day moving average price of $118.58 and a two-hundred day moving average price of $115.26. The company has a market cap of $16.75 billion, a price-to-earnings ratio of 17.17 and a beta of 1.02.

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

Analyst Ratings Changes

Several analysts have issued reports on the company. Stifel Nicolaus upped their price objective on Expeditors International of Washington from $99.00 to $115.00 and gave the company a “hold” rating in a research note on Wednesday, July 19th. Susquehanna lifted their price objective on shares of Expeditors International of Washington from $104.00 to $115.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 9th. StockNews.com started coverage on shares of Expeditors International of Washington in a research note on Thursday, August 17th. They set a “hold” rating for the company. Stephens lifted their target price on shares of Expeditors International of Washington from $105.00 to $115.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 9th. Finally, Morgan Stanley increased their price target on shares of Expeditors International of Washington from $84.00 to $86.00 and gave the company an “underweight” rating in a report on Monday, August 14th. Four investment analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $106.18.

Read Our Latest Research Report on Expeditors International of Washington

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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