The Long Case For Expeditors International of Washington, Inc. (EXPD)

Paterniano Del Favero
Agosto 10, 2017

The firm owned 42,100 shares of the transportation company's stock after selling 12,200 shares during the period. Now Expeditors International of Washington, Inc.'s current price is $3.08 shy of the official highest sell-side analyst price target on Wall Street.

Several other hedge funds have also recently modified their holdings of EXPD. Zevin Asset Management LLC divested its ownership by shedding 5,510 shares a decrease of 6.9% in the quarter. Jensen Investment Management Inc bolstered its position by buying 2,240 shares an increase of 24.2% from 03/31/2017 to 06/30/2017.

Uss Investment Management Ltd added to its stake by buying 7,500 shares an increase of 7.1%.

As of the end of the quarter Mitsubishi Ufj Trust & Banking Corp had acquired 33,588 shares growing its holdings by 7.1%. Van ECK Associates Corp now owns 2,960 shares of the transportation company's stock worth $167,000 after buying an additional 193 shares in the last quarter. Expeditors International of Was declared a dividend for shareholders that was paid on Thursday the 15th of June 2017.

According to Zacks brokerage recommendations, Expeditors International of Washington, Inc. Pacer Advisors Inc. now owns 3,461 shares of the transportation company's stock worth $196,000 after buying an additional 101 shares in the last quarter. A 19 analysts rate it as either a buy or a strong buy, while 3 believe that investors should either steer clear of (NYSE:FTI) or, if they already own its stock, sell it.

Expeditors International of Washington (NASDAQ EXPD) traded down 0.07% during mid-day trading on Friday, reaching $59.01. Zacks' sales averages are a mean average based on a survey of research analysts that cover Expeditors International of Washington. The firm has a market capitalization of $9.95 billion, a PE ratio of 23.61 and a beta of 0.65. It has ranged in price between $55.17-$57.5 after having started the session at $57.34 as compared to the previous trading day's close of $59.06.

Expeditors International of Washington, Inc. has a 10.07B market cap and its past year revenues were 6.22B. The Q3 2017 consensus earnings estimates for the company have stabilized at US$0.62 per share.

For a total return analysis, there is the 22.50% return on equity and the 23.00% return on assets to consider. Next quarter's EPS is forecasted to be $0.62 with next year's EPS anticipated to be $2.56. (NASDAQ:EXPD) has risen 5.59% since January and is down -4.88% for the past week. If you are reading this story on another publication, it was copied illegally and reposted in violation of global trademark & copyright law. The legal version of this news story can be accessed at https://stocknewstimes.com/2017/08/09/expeditors-international-of-washington-inc-nasdaqexpd-stake-raised-by-eqis-capital-management-inc-updated-updated.html.

A number of equities research analysts have recently issued reports on the stock. BidaskClub upgraded shares of Expeditors International of Washington from a "hold" rating to a "buy" rating in a research note on Wednesday, July 12th.

On July 11 Morgan Stanley maintained a stock rating of "Equal-Weight" and moved up the price target to $47.00 from $46.00.

11/04/2015 - Expeditors International of Washington, Inc. had its "neutral" rating reiterated by analysts at Macquarie. Finally, Vertical Research restated a "hold" rating and set a $63.00 target price on shares of Expeditors International of Washington in a research report on Thursday, April 13th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company.

On April 14 the company was upgraded to "Overweight" from "Equal-weight" with a current price target of $58.00 in a statement from Barclays.

Expeditors International of Washington, Inc is a logistics company.

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