WINTON GROUP Ltd Boosts Position in Expeditors International of Washington, Inc. $EXPD

WINTON GROUP Ltd raised its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 215.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 10,307 shares of the transportation company’s stock after purchasing 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 reporting period.

Other hedge funds have also made changes to their positions in the company. Loomis Sayles & Co. L P boosted its position in shares of Expeditors International of Washington by 1.5% in the 2nd quarter. Loomis Sayles & Co. L P now owns 5,744,971 shares of the transportation company’s stock worth $656,363,000 after buying an additional 83,366 shares in the last quarter. First Trust Advisors LP grew its stake in Expeditors International of Washington by 19.3% in the 2nd quarter. First Trust Advisors LP now owns 2,077,347 shares of the transportation company’s stock valued at $237,337,000 after acquiring an additional 335,578 shares during the last quarter. Baird Financial Group Inc. increased its holdings in Expeditors International of Washington by 5.0% during the 2nd quarter. Baird Financial Group Inc. now owns 1,937,324 shares of the transportation company’s stock valued at $221,339,000 after acquiring an additional 92,222 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Expeditors International of Washington by 2.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,451,363 shares of the transportation company’s stock valued at $177,923,000 after acquiring an additional 37,390 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in Expeditors International of Washington by 9.0% during the third quarter. JPMorgan Chase & Co. now owns 1,112,648 shares of the transportation company’s stock worth $136,403,000 after acquiring an additional 91,759 shares during the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on EXPD. Truist Financial reduced their price target on shares of Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating on the stock in a report on Wednesday, February 25th. Morgan Stanley raised their price objective on shares of Expeditors International of Washington from $90.00 to $95.00 and gave the stock an “underweight” rating in a research note on Monday, December 8th. Zacks Research lowered Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 14th. Wolfe Research raised Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research report on Monday. Finally, 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 report on Monday, January 12th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $134.30.

Expeditors International of Washington Stock Performance

Shares of EXPD stock opened at $140.80 on Thursday. The firm has a market capitalization of $18.80 billion, a price-to-earnings ratio of 24.61, a price-to-earnings-growth ratio of 5.00 and a beta of 1.15. Expeditors International of Washington, Inc. has a one year low of $100.47 and a one year high of $167.19. The company has a 50 day moving average price of $154.48 and a 200 day moving average price of $140.02.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, February 24th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.03. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. Expeditors International of Washington’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.68 earnings per share. As a group, equities analysts forecast that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal 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.