Canada Pension Plan Investment Board Takes $40 Million Position in Expeditors International of Washington, Inc. $EXPD

Key Points

• Canada Pension Plan Investment Board acquired 245,440 shares of Expeditors International of Washington in the second quarter, valued at approximately $40 million and representing about 0.19% of the company.
• Expeditors reported quarterly EPS of $2.03, exceeding the $1.69 consensus estimate, while revenue increased 32.1% year over year. Institutional investors collectively own 94.02% of the stock.
• Despite the stock trading near its 52-week high at $190.61, analysts maintain a consensus “Hold” rating with an average price target of $168.78.

Canada Pension Plan Investment Board acquired a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 245,440 shares of the transportation company's stock, valued at approximately $40,002,000. Canada Pension Plan Investment Board owned approximately 0.19% of Expeditors International of Washington as of its most recent filing with the Securities & Exchange Commission.

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

Expeditors International of Washington Price Performance

Expeditors International of Washington stock opened at $190.61 on Friday. The stock has a market cap of $24.78 billion, a PE ratio of 33.32, a P/E/G ratio of 5.00 and a beta of 1.04. The stock's fifty day moving average is $175.18 and its two-hundred day moving average is $159.43. Expeditors International of Washington, Inc. has a 1-year low of $112.94 and a 1-year high of $191.79.

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 earnings per share (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 quarter in the previous year, the company posted $1.34 earnings per share. The company's revenue was up 32.1% on a year-over-year basis. On average, research analysts expect that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

EXPD has been the subject of several recent research reports. Stifel Nicolaus lifted their price objective on Expeditors International of Washington from $154.00 to $158.00 and gave the company a "hold" rating in a research note on Wednesday, July 15th. 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. JPMorgan Chase & Co. upgraded shares of Expeditors International of Washington from an "underweight" rating to a "neutral" rating and set a $200.00 price target for the company in a research note on Wednesday, August 5th. Bank of America lifted their price target on shares of Expeditors International of Washington from $181.00 to $189.00 and gave the stock a "buy" rating in a research note on Tuesday, July 21st. Finally, Susquehanna boosted their price target on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the stock a "neutral" rating in a 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 given a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $168.78.

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.

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