CFS Investment Advisory Services LLC Takes $977,000 Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Posted by MarketBeat News on Oct 3rd, 2023

CFS Investment Advisory Services LLC acquired a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD – Free Report) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 8,063 shares of the transportation company’s stock, valued at approximately $977,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Financial Gravity Asset Management Inc. purchased a new position in shares of Expeditors International of Washington during the 1st quarter valued at $203,000. Graham Capital Wealth Management LLC bought a new stake in Expeditors International of Washington during the first quarter valued at $237,859,000. First Horizon Advisors Inc. boosted its stake in Expeditors International of Washington by 53.8% during the first quarter. First Horizon Advisors Inc. now owns 263 shares of the transportation company’s stock valued at $29,000 after buying an additional 92 shares during the period. Clear Street Markets LLC grew its position in Expeditors International of Washington by 95.0% during the first quarter. Clear Street Markets LLC now owns 314 shares of the transportation company’s stock worth $35,000 after buying an additional 153 shares in the last quarter. Finally, Covestor Ltd increased its stake in Expeditors International of Washington by 103.6% in the 1st 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. Institutional investors own 96.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EXPD. Susquehanna lifted their price target on Expeditors International of Washington from $104.00 to $115.00 and gave the company a “neutral” rating in a research report on Wednesday, August 9th. JPMorgan Chase & Co. initiated coverage on shares of Expeditors International of Washington in a research note on Friday, August 11th. They issued an “underweight” rating and a $110.00 price target for the company. Stephens increased their price target 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. StockNews.com initiated coverage on shares of Expeditors International of Washington in a report on Thursday, August 17th. They set a “hold” rating for the company. Finally, Morgan Stanley reduced their target price on Expeditors International of Washington from $86.00 to $85.00 and set an “underweight” rating on the stock in a research note on Monday. Four analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $106.09.

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Expeditors International of Washington Stock Up 0.1 %

Expeditors International of Washington stock opened at $114.73 on Tuesday. The firm has a fifty day simple moving average of $117.75 and a two-hundred day simple moving average of $115.47. Expeditors International of Washington, Inc. has a twelve month low of $86.12 and a twelve month high of $128.04. The company has a market capitalization of $16.97 billion, a PE ratio of 17.20 and a beta of 1.01.

Expeditors International of Washington (NASDAQ:EXPD – Get Free Report) last released its earnings results 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). Expeditors International of Washington had a net margin of 8.36% and a return on equity of 34.31%. The company had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same period last year, the firm posted $2.27 EPS. The company’s revenue was down 51.3% on a year-over-year basis. As a group, equities analysts expect that Expeditors International of Washington, Inc. will post 5.36 earnings per share 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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