National Bank of Canada FI Sells 20,658 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Posted by Defense World Staff on Oct 19th, 2022

National Bank of Canada FI cut its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD – Get Rating) by 48.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,155 shares of the transportation company’s stock after selling 20,658 shares during the period. National Bank of Canada FI’s holdings in Expeditors International of Washington were worth $2,161,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Valley National Advisers Inc. boosted its holdings in Expeditors International of Washington by 605.6% in the 2nd quarter. Valley National Advisers Inc. now owns 254 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 218 shares during the period. Allworth Financial LP raised its stake in shares of Expeditors International of Washington by 2,866.7% in the 2nd quarter. Allworth Financial LP now owns 267 shares of the transportation company’s stock valued at $26,000 after buying an additional 258 shares in the last quarter. Riverview Trust Co acquired a new position in shares of Expeditors International of Washington in the 1st quarter valued at $28,000. TCI Wealth Advisors Inc. raised its stake in shares of Expeditors International of Washington by 3,625.0% in the 2nd quarter. TCI Wealth Advisors Inc. now owns 298 shares of the transportation company’s stock valued at $29,000 after buying an additional 290 shares in the last quarter. Finally, Venture Visionary Partners LLC acquired a new position in shares of Expeditors International of Washington in the 2nd quarter valued at $29,000. 89.56% of the stock is owned by institutional investors.

Analyst Ratings Changes

EXPD has been the subject of a number of recent research reports. Barclays dropped their price objective on shares of Expeditors International of Washington from $95.00 to $90.00 and set an “underweight” rating for the company in a research note on Thursday, October 13th. StockNews.com assumed coverage on shares of Expeditors International of Washington in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Wells Fargo & Company dropped their target price on shares of Expeditors International of Washington from $101.00 to $97.00 and set an “equal weight” rating for the company in a research report on Friday, July 15th. Wolfe Research cut shares of Expeditors International of Washington from a “peer perform” rating to an “underperform” rating in a research report on Tuesday, July 12th. Finally, Morgan Stanley dropped their target price on shares of Expeditors International of Washington from $94.00 to $86.00 and set an “underweight” rating for the company in a research report on Monday, October 3rd. Three equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $106.75.

Expeditors International of Washington Trading Up 0.8 %

Shares of NASDAQ EXPD opened at $92.76 on Wednesday. The firm has a market capitalization of $15.56 billion, a PE ratio of 10.23 and a beta of 0.91. Expeditors International of Washington, Inc. has a 1 year low of $86.08 and a 1 year high of $137.80. The firm’s 50-day moving average is $97.80 and its 200-day moving average is $100.31.

Expeditors International of Washington (NASDAQ:EXPD – Get Rating) last issued its earnings results on Tuesday, August 2nd. The transportation company reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.18. The company had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.70 billion. Expeditors International of Washington had a net margin of 8.09% and a return on equity of 42.95%. The company’s revenue for the quarter was up 27.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.84 EPS. As a group, equities research analysts anticipate that Expeditors International of Washington, Inc. will post 7.87 earnings per share for the current fiscal year.

Expeditors International of Washington Company Profile

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Expeditors International of Washington, Inc 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.