Camrose Capital Investment Partners LLP Invests $77.50 Million in Expeditors International of Washington, Inc. $EXPD

Key Points

• Camrose Capital Investment Partners LLP purchased 475,495 EXPD shares worth approximately $77.5 million, representing 0.37% of Expeditors International and 8.8% of the firm’s portfolio.
• Expeditors reported quarterly EPS of $2.03, beating estimates of $1.69, while revenue increased 32.1% year over year. Institutional investors collectively own 94.02% of the company.
• EXPD shares opened at $187.92, near their 52-week high of $189.99. Despite some bullish analyst ratings, the consensus rating remains “Hold”, with an average price target of $168.78.

Camrose Capital Investment Partners LLP purchased a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 475,495 shares of the transportation company's stock, valued at approximately $77,496,000. Expeditors International of Washington comprises 8.8% of Camrose Capital Investment Partners LLP's holdings, making the stock its 7th largest holding. Camrose Capital Investment Partners LLP owned 0.37% of Expeditors International of Washington as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Elyxium Wealth LLC bought a new stake in Expeditors International of Washington in the fourth quarter worth $28,000. DV Equities LLC bought a new position in shares of Expeditors International of Washington during the fourth quarter valued at $28,000. Nalls Sherbakoff Group LLC bought a new position in shares of Expeditors International of Washington during the fourth quarter valued at $30,000. Bard Associates Inc. purchased a new position in shares of Expeditors International of Washington in the 4th quarter worth about $32,000. Finally, Hara Capital LLC purchased a new position in shares of Expeditors International of Washington in the 2nd quarter worth about $33,000. Institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Price Performance

Shares of NASDAQ:EXPD opened at $187.92 on Tuesday. Expeditors International of Washington, Inc. has a 1 year low of $112.94 and a 1 year high of $189.99. The company has a market cap of $24.43 billion, a P/E ratio of 32.85, a PEG ratio of 5.00 and a beta of 1.04. The stock's fifty day moving average price is $173.50 and its 200-day moving average price is $158.90.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.03 EPS for the quarter, topping the consensus estimate 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 period in the prior year, the business posted $1.34 earnings per share. Expeditors International of Washington's quarterly revenue was up 32.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on EXPD shares. Citizens Jmp initiated coverage on shares of Expeditors International of Washington in a research report on Wednesday, July 15th. They set a "market perform" rating on the stock. Zacks Research raised shares of Expeditors International of Washington from a "hold" rating to a "strong-buy" rating in a report on Thursday, May 7th. Barclays upped their target price on shares of Expeditors International of Washington from $150.00 to $160.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 5th. Bank of America increased their price target 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. Finally, Stephens raised shares of Expeditors International of Washington to a "strong-buy" rating in a research report on Wednesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus 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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