WINTON GROUP Ltd Raises Stake in Expeditors International of Washington, Inc. $EXPD

WINTON GROUP Ltd increased its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 215.6% in the third quarter, Holdings Channel reports. The firm owned 10,307 shares of the transportation company’s stock after acquiring an additional 7,041 shares during the period. WINTON GROUP Ltd’s holdings in Expeditors International of Washington were worth $1,264,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of EXPD. HighPoint Advisor Group LLC lifted its position in Expeditors International of Washington by 4.2% during the third quarter. HighPoint Advisor Group LLC now owns 2,085 shares of the transportation company’s stock valued at $256,000 after buying an additional 84 shares in the last quarter. Atria Investments Inc increased its position in shares of Expeditors International of Washington by 0.3% in the third quarter. Atria Investments Inc now owns 33,622 shares of the transportation company’s stock worth $4,122,000 after acquiring an additional 100 shares in the last quarter. Davidson Trust Co. raised its stake in shares of Expeditors International of Washington by 3.2% in the 3rd quarter. Davidson Trust Co. now owns 3,688 shares of the transportation company’s stock valued at $452,000 after acquiring an additional 113 shares during the period. Bessemer Group Inc. raised its stake in shares of Expeditors International of Washington by 1.4% in the 3rd quarter. Bessemer Group Inc. now owns 8,593 shares of the transportation company’s stock valued at $1,054,000 after acquiring an additional 115 shares during the period. Finally, Certuity LLC lifted its holdings in shares of Expeditors International of Washington by 3.4% during the 2nd quarter. Certuity LLC now owns 3,635 shares of the transportation company’s stock valued at $415,000 after acquiring an additional 120 shares in the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on EXPD shares. Truist Financial decreased their price target on shares of Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating for the company in a research report on Wednesday, February 25th. Bank of America raised Expeditors International of Washington from a “neutral” rating to a “buy” rating in a research report on Friday, January 9th. JPMorgan Chase & Co. reduced their price objective on Expeditors International of Washington from $134.00 to $132.00 and set an “underweight” rating on the stock in a research note on Monday, January 12th. Zacks Research downgraded Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 14th. Finally, Barclays increased their target price on Expeditors International of Washington from $110.00 to $135.00 and gave the company an “underweight” rating in a research note on Thursday, January 15th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $134.30.

Expeditors International of Washington Stock Down 0.4%

EXPD stock opened at $140.80 on Thursday. The stock’s 50 day moving average is $154.48 and its two-hundred day moving average is $140.02. Expeditors International of Washington, Inc. has a 52-week low of $100.47 and a 52-week high of $167.19. The company has a market capitalization of $18.80 billion, a PE ratio of 24.61, a P/E/G ratio of 5.00 and a beta of 1.15.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, February 24th. The transportation company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.46 by $0.03. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.During the same quarter in the previous year, the company posted $1.68 earnings per share. The business’s revenue for the quarter was down 3.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

Expeditors International of Washington Company Profile

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.