Baxter Bros Inc. Acquires Shares of 15,800 Expeditors International of Washington, Inc. $EXPD

Key Points

• Baxter Bros Inc. acquired 15,800 shares of Expeditors International of Washington in the second quarter, valued at approximately $2.575 million. Institutional investors collectively own 94.02% of the company.
• Expeditors reported strong quarterly results, with EPS of $2.03 versus analysts’ expectations of $1.69 and revenue growth of 32.1% year over year.
• EXPD shares opened at $186.38, near their 52-week high of $189.87. Analyst sentiment remains mixed, with an average “Hold” rating and an average price target of $168.78.

Baxter Bros Inc. bought a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 15,800 shares of the transportation company's stock, valued at approximately $2,575,000.

Other hedge funds also recently made changes to their positions in the company. Elyxium Wealth LLC bought a new position in shares of Expeditors International of Washington during the 4th quarter valued at approximately $28,000. DV Equities LLC purchased a new stake in Expeditors International of Washington in the fourth quarter worth $28,000. Nalls Sherbakoff Group LLC bought a new stake in shares of Expeditors International of Washington in the fourth quarter valued at $30,000. Bard Associates Inc. bought a new stake in shares of Expeditors International of Washington in the fourth quarter valued at $32,000. Finally, Geneos Wealth Management Inc. lifted its position in shares of Expeditors International of Washington by 132.3% during the 4th quarter. Geneos Wealth Management Inc. now owns 230 shares of the transportation company's stock valued at $34,000 after buying an additional 131 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Stock Performance

Shares of NASDAQ EXPD opened at $186.38 on Monday. The stock has a market cap of $24.23 billion, a PE ratio of 32.58, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04. Expeditors International of Washington, Inc. has a fifty-two week low of $112.94 and a fifty-two week high of $189.87. The stock has a fifty day moving average of $170.83 and a 200-day moving average of $157.79.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.69 by $0.34. 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 business posted $1.34 EPS. Expeditors International of Washington's revenue was up 32.1% on a year-over-year basis. On average, sell-side analysts predict that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on EXPD. Citizens Jmp began coverage on Expeditors International of Washington in a research note on Wednesday, July 15th. They set a "market perform" rating for the company. Bank of America upped their price objective on shares of Expeditors International of Washington from $181.00 to $189.00 and gave the company a "buy" rating in a report on Tuesday, July 21st. UBS Group increased their target price on shares of Expeditors International of Washington from $191.00 to $210.00 and gave the stock a "buy" rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. upgraded shares of Expeditors International of Washington from an "underweight" rating to a "neutral" rating and set a $200.00 target price for the company in a research note on Wednesday, August 5th. Finally, Susquehanna boosted their price target on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the company a "neutral" rating in a research report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $168.78.

Expeditors International of Washington 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.

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