WINTON GROUP Ltd Invests $1.69 Million in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Posted by MarketBeat News on Sep 3rd, 2023

WINTON GROUP Ltd bought a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD – Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 15,339 shares of the transportation company’s stock, valued at approximately $1,689,000.

Other institutional investors also recently modified their holdings of the company. 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. grew its position in shares of Expeditors International of Washington by 6.7% in the 1st quarter. Sei Investments Co. now owns 133,626 shares of the transportation company’s stock valued at $13,801,000 after purchasing an additional 8,438 shares during the period. National Pension Service grew its position 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. grew its position in shares of 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 period. Finally, Zions Bancorporation N.A. grew its position in shares of Expeditors International of Washington by 234.3% in the 1st quarter. Zions Bancorporation N.A. now owns 575 shares of the transportation company’s stock valued at $59,000 after purchasing an additional 403 shares during the period. 96.73% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Price Performance

Shares of NASDAQ EXPD opened at $116.37 on Friday. The stock’s fifty day moving average price is $120.15 and its two-hundred day moving average price is $114.34. Expeditors International of Washington, Inc. has a one year low of $86.08 and a one year high of $128.04. The firm has a market cap of $17.21 billion, a price-to-earnings ratio of 17.45 and a beta of 1.00.

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Expeditors International of Washington (NASDAQ:EXPD – Get Free Report) last issued its quarterly earnings data 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 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 period in the prior year, the company earned $2.27 earnings per share. The business’s quarterly revenue was down 51.3% compared to the same quarter last year. On average, equities analysts anticipate that Expeditors International of Washington, Inc. will post 5.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on EXPD shares. JPMorgan Chase & Co. began coverage on Expeditors International of Washington in a research report on Friday, August 11th. They issued an “underweight” rating and a $110.00 price objective for the company. Stifel Nicolaus upped their price target on Expeditors International of Washington from $99.00 to $115.00 and gave the stock a “hold” rating in a research report on Wednesday, July 19th. Morgan Stanley upped their price target on Expeditors International of Washington from $84.00 to $86.00 and gave the stock an “underweight” rating in a research report on Monday, August 14th. Stephens upped their price target on Expeditors International of Washington from $105.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 9th. Finally, Susquehanna upped their price target on 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. Four investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, Expeditors International of Washington has an average rating of “Hold” and a consensus target price of $106.18.

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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.