Brown Advisory Inc. Grows Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Posted by Defense World Staff on Aug 16th, 2023

Brown Advisory Inc. raised its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD – Free Report) by 3.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,503 shares of the transportation company’s stock after acquiring an additional 368 shares during the period. Brown Advisory Inc.’s holdings in Expeditors International of Washington were worth $1,267,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. FCF Advisors LLC bought a new position in shares of Expeditors International of Washington during the 1st quarter valued at $834,000. Raymond James Trust N.A. lifted its holdings in Expeditors International of Washington by 1.8% in the first quarter. Raymond James Trust N.A. now owns 5,813 shares of the transportation company’s stock valued at $640,000 after acquiring an additional 100 shares during the period. Naples Global Advisors LLC boosted its position in Expeditors International of Washington by 1.4% in the first quarter. Naples Global Advisors LLC now owns 14,202 shares of the transportation company’s stock worth $1,564,000 after purchasing an additional 200 shares during the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of Expeditors International of Washington by 0.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 631,358 shares of the transportation company’s stock valued at $67,321,000 after purchasing an additional 2,476 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Expeditors International of Washington by 1.0% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 14,295 shares of the transportation company’s stock worth $1,574,000 after buying an additional 148 shares during the last quarter. 97.65% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Expeditors International of Washington

In related news, CEO Jeffrey S. Musser sold 30,041 shares of the stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $111.30, for a total transaction of $3,343,563.30. Following the completion of the transaction, the chief executive officer now directly owns 116,587 shares of the company’s stock, valued at $12,976,133.10. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.69% of the company’s stock.

Wall Street Analysts Forecast Growth

EXPD has been the subject of a number of research reports. Morgan Stanley upped their target price 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. JPMorgan Chase & Co. started coverage on Expeditors International of Washington in a research report on Friday, August 11th. They set an “underweight” rating and a $110.00 target price on the stock. StockNews.com assumed coverage on Expeditors International of Washington in a research report on Thursday, May 18th. They issued a “hold” rating for the company. Stephens lifted their price objective 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, Susquehanna boosted their price objective on Expeditors International of Washington from $104.00 to $115.00 and gave the company a “neutral” rating in a research note on Wednesday, August 9th. Four analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $106.18.

Check Out Our Latest Stock Analysis on EXPD

Expeditors International of Washington Stock Down 1.5 %

NASDAQ EXPD opened at $115.18 on Wednesday. The firm has a market cap of $17.04 billion, a price-to-earnings ratio of 17.27 and a beta of 1.00. The business has a 50-day moving average price of $120.51 and a 200-day moving average price of $114.13. Expeditors International of Washington, Inc. has a twelve month low of $86.08 and a twelve month high of $128.04.

Expeditors International of Washington (NASDAQ:EXPD – Get Free Report) last released its quarterly earnings data on Tuesday, August 8th. The transportation company reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.04). The business had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.65 billion. Expeditors International of Washington had a return on equity of 34.31% and a net margin of 8.36%. The business’s revenue was down 51.3% on a year-over-year basis. During the same period last year, the company earned $2.27 EPS. Research analysts expect that Expeditors International of Washington, Inc. will post 5.48 EPS for the current fiscal year.

Expeditors International of Washington 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.