Compass Capital Management Inc. Makes New Investment in Expeditors International of Washington, Inc. $EXPD

Key Points

• Compass Capital Management purchased 21,176 shares of Expeditors International of Washington in the second quarter, worth approximately $3.45 million. Institutional investors collectively own 94.02% of the company.
• Analyst sentiment remains mixed, with the stock carrying a consensus “Hold” rating and an average price target of $168.78, despite Bank of America raising its target to $189 and JPMorgan setting a $200 target.
• Expeditors reported quarterly EPS of $2.03, beating estimates of $1.69, while revenue increased 32.1% year over year. Shares opened at $186.38, near the company’s 52-week high of $189.87.

Compass Capital Management Inc. purchased a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 21,176 shares of the transportation company's stock, valued at approximately $3,451,000.

A number of other hedge funds and other institutional investors have also modified their holdings of EXPD. Swedbank AB lifted its stake in shares of Expeditors International of Washington by 153.5% in the 4th quarter. Swedbank AB now owns 29,678 shares of the transportation company's stock worth $4,422,000 after acquiring an additional 17,969 shares during the period. Arjuna Capital boosted its holdings in shares of Expeditors International of Washington by 37.0% in the fourth quarter. Arjuna Capital now owns 23,940 shares of the transportation company's stock valued at $3,567,000 after acquiring an additional 6,471 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Expeditors International of Washington by 128.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 70,509 shares of the transportation company's stock valued at $10,507,000 after acquiring an additional 39,658 shares during the period. Forsta AP Fonden increased its position in shares of Expeditors International of Washington by 81.4% during the 4th quarter. Forsta AP Fonden now owns 89,600 shares of the transportation company's stock valued at $13,351,000 after purchasing an additional 40,200 shares during the period. Finally, Eurizon Capital SGR S.p.A. acquired a new position in Expeditors International of Washington during the fourth quarter worth about $32,004,000. 94.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on EXPD. Citizens Jmp started coverage on shares of Expeditors International of Washington in a research report on Wednesday, July 15th. They issued a "market perform" rating on the stock. Bank of America boosted 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. Truist Financial upped their price target on shares of Expeditors International of Washington from $145.00 to $175.00 and gave the company a "hold" rating in a research report on Wednesday, July 15th. Stifel Nicolaus lifted their price objective on shares of Expeditors International of Washington from $154.00 to $158.00 and gave the stock a "hold" rating in a research report on Wednesday, July 15th. Finally, JPMorgan Chase & Co. upgraded Expeditors International of Washington from an "underweight" rating to a "neutral" rating and set a $200.00 target price for the company in a report on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Expeditors International of Washington presently has an average rating of "Hold" and a consensus target price of $168.78.

Expeditors International of Washington Trading Up 0.1%

NASDAQ EXPD opened at $186.38 on Monday. Expeditors International of Washington, Inc. has a 1-year low of $112.94 and a 1-year high of $189.87. The company has a market capitalization 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. The firm's fifty day simple moving average is $170.83 and its 200-day simple moving average is $157.79.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.03 earnings per share (EPS) for the quarter, beating 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%.The company's quarterly revenue was up 32.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.34 earnings per share. As a group, analysts predict that Expeditors International of Washington, Inc. will post 5.39 EPS for the current 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.

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