Brendel Financial Advisors LLC Acquires New Position in Expeditors International of Washington, Inc. $EXPD

Key Points

• Brendel Financial Advisors LLC acquired 28,274 shares of Expeditors (NASDAQ:EXPD) in Q4, a stake worth about $4.21 million that represents 2.1% of Brendel's holdings and is its 17th-largest position.
• Analyst coverage is mixed and the MarketBeat consensus is a "Reduce" rating with an average price target of $134.30, even as some firms (e.g., Bank of America) have recently upgraded the stock while others cut targets.
• Expeditors posted Q4 EPS of $1.49 (beating the $1.46 estimate) while revenue fell 3.3% year-over-year; the stock trades near $144.89 with a market cap around $19.3 billion and a P/E of ~25.3.

Brendel Financial Advisors LLC acquired a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 28,274 shares of the transportation company's stock, valued at approximately $4,213,000. Expeditors International of Washington accounts for 2.1% of Brendel Financial Advisors LLC's holdings, making the stock its 17th biggest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Signaturefd LLC boosted its stake in shares of Expeditors International of Washington by 2.1% during the 4th quarter. Signaturefd LLC now owns 3,447 shares of the transportation company's stock valued at $514,000 after buying an additional 71 shares during the period. RIA Advisory Group LLC increased its stake in shares of Expeditors International of Washington by 2.7% in the third quarter. RIA Advisory Group LLC now owns 2,970 shares of the transportation company's stock worth $364,000 after acquiring an additional 78 shares during the last quarter. HighPoint Advisor Group LLC raised its holdings in shares of 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 worth $256,000 after acquiring an additional 84 shares in the last quarter. Frank Rimerman Advisors LLC raised its holdings in shares of Expeditors International of Washington by 1.8% during the fourth quarter. Frank Rimerman Advisors LLC now owns 5,408 shares of the transportation company's stock worth $806,000 after acquiring an additional 95 shares in the last quarter. Finally, Atria Investments Inc boosted its position in Expeditors International of Washington by 0.3% during the third quarter. Atria Investments Inc now owns 33,622 shares of the transportation company's stock valued at $4,122,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 94.02% of the company's stock.

Analysts Set New Price Targets

EXPD has been the topic of a number of recent research reports. Bank of America upgraded Expeditors International of Washington from a "neutral" rating to a "buy" rating in a research note on Friday, January 9th. Susquehanna reduced their price target on Expeditors International of Washington from $160.00 to $142.00 and set a "neutral" rating for the company in a report on Wednesday, February 25th. Barclays boosted their price target 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. Wolfe Research upgraded Expeditors International of Washington from a "strong sell" rating to a "hold" rating in a report on Monday, March 9th. Finally, Zacks Research lowered shares of Expeditors International of Washington from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 14th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Reduce" and an average price target of $134.30.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock opened at $144.89 on Wednesday. Expeditors International of Washington, Inc. has a one year low of $103.76 and a one year high of $167.19. The company's fifty day moving average price is $147.00 and its two-hundred day moving average price is $143.87. The company has a market capitalization of $19.27 billion, a price-to-earnings ratio of 25.33, a PEG ratio of 5.00 and a beta of 1.09.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last announced its quarterly earnings results on Tuesday, February 24th. The transportation company reported $1.49 earnings per share for the quarter, topping analysts' consensus estimates 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%.The firm's revenue was down 3.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.68 earnings per share. As a group, sell-side analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

About Expeditors International of Washington

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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