Entropy Technologies LP Takes $432,000 Position in Expeditors International of Washington, Inc. $EXPD

Key Points

• Entropy Technologies LP has acquired a stake in Expeditors International of Washington, purchasing 3,594 shares valued around $432,000 during the 1st quarter of the year.
• Institutional investors now own 94.02% of Expeditors International's stock, reflecting growing interest among major investment firms.
• Analysts' ratings for Expeditors International are mixed, with a current average rating of "Hold" and a consensus price target of $114.22, following various upgrades and downgrades from different firms.

Entropy Technologies LP acquired a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,594 shares of the transportation company's stock, valued at approximately $432,000.

Several other large investors also recently added to or reduced their stakes in EXPD. First Trust Advisors LP boosted its position in Expeditors International of Washington by 33.8% in the 4th quarter. First Trust Advisors LP now owns 2,734,816 shares of the transportation company's stock valued at $302,936,000 after buying an additional 690,539 shares during the period. Invesco Ltd. boosted its position in Expeditors International of Washington by 23.4% in the 1st quarter. Invesco Ltd. now owns 3,039,899 shares of the transportation company's stock valued at $365,548,000 after buying an additional 576,468 shares during the period. GAMMA Investing LLC boosted its position in Expeditors International of Washington by 13,910.4% in the 1st quarter. GAMMA Investing LLC now owns 507,455 shares of the transportation company's stock valued at $61,021,000 after buying an additional 503,833 shares during the period. Northern Trust Corp boosted its position in Expeditors International of Washington by 19.7% in the 4th quarter. Northern Trust Corp now owns 2,288,437 shares of the transportation company's stock valued at $253,490,000 after buying an additional 376,689 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Expeditors International of Washington in the 4th quarter valued at about $36,865,000. 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 traded up $0.33 during mid-day trading on Monday, reaching $120.19. 197,528 shares of the company traded hands, compared to its average volume of 1,371,056. Expeditors International of Washington, Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $131.59. The company has a market capitalization of $16.31 billion, a price-to-earnings ratio of 21.00, a price-to-earnings-growth ratio of 5.00 and a beta of 1.05. The firm's fifty day moving average is $115.71 and its two-hundred day moving average is $114.25.

Insider Transactions at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,470 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $118.05, for a total transaction of $173,533.50. Following the transaction, the vice president owned 7,651 shares in the company, valued at approximately $903,200.55. This represents a 16.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.69% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on EXPD shares. Truist Financial boosted their price objective on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company a "hold" rating in a research report on Monday, June 30th. Baird R W raised shares of Expeditors International of Washington to a "hold" rating in a research report on Tuesday, July 1st. Robert W. Baird began coverage on shares of Expeditors International of Washington in a research report on Tuesday, July 1st. They issued a "neutral" rating and a $124.00 price target for the company. Bank of America cut shares of Expeditors International of Washington from a "neutral" rating to an "underperform" rating and upped their price target for the stock from $117.00 to $118.00 in a research report on Friday, July 11th. Finally, TD Cowen lowered their price target on shares of Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating for the company in a research report on Wednesday, May 7th. Five analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $114.22.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.