Jupiter Topco LLC Makes New Investment in Expeditors International of Washington, Inc. $EXPD

Key Points

• Jupiter Topco LLC initiated a position in Expeditors International of Washington, buying 16,432 shares valued at approximately $2.68 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 recent upgrades from Zacks, JPMorgan, and UBS.
• Expeditors reported quarterly EPS of $2.03, exceeding estimates of $1.69, while revenue increased 32.1% year over year. Shares recently traded at $186.37, near the company’s 52-week high of $192.28.

Jupiter Topco LLC bought a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 16,432 shares of the transportation company's stock, valued at approximately $2,678,000.

Several other hedge funds also recently made changes to their positions in EXPD. Swedbank AB grew its position 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 buying an additional 17,969 shares during the period. Arjuna Capital increased its stake in shares of Expeditors International of Washington by 37.0% in the 4th quarter. Arjuna Capital now owns 23,940 shares of the transportation company's stock worth $3,567,000 after acquiring an additional 6,471 shares in the last quarter. Forsta AP Fonden lifted its position in 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 acquiring an additional 40,200 shares during the period. Eurizon Capital SGR S.p.A. purchased a new position in Expeditors International of Washington during the 4th quarter valued at about $32,004,000. Finally, Kentucky Retirement Systems boosted its stake in Expeditors International of Washington by 97.2% during the first quarter. Kentucky Retirement Systems now owns 16,973 shares of the transportation company's stock worth $2,431,000 after acquiring an additional 8,367 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on EXPD. Zacks Research raised shares of Expeditors International of Washington from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 7th. JPMorgan Chase & Co. raised Expeditors International of Washington from an "underweight" rating to a "neutral" rating and set a $200.00 price target on the stock in a research report on Wednesday, August 5th. Stifel Nicolaus upped their price target on Expeditors International of Washington from $154.00 to $158.00 and gave the stock a "hold" rating in a research note on Wednesday, July 15th. UBS Group raised their price objective on Expeditors International of Washington from $191.00 to $210.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. Finally, Susquehanna lifted their price objective on Expeditors International of Washington from $142.00 to $156.00 and gave the company a "neutral" rating in a research note on Wednesday, May 6th. Two research 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $168.78.

Expeditors International of Washington Stock Down 0.7%

Shares of EXPD stock opened at $186.37 on Thursday. The company has a 50 day moving average price of $177.36 and a 200-day moving average price of $160.33. Expeditors International of Washington, Inc. has a 52 week low of $112.94 and a 52 week high of $192.28. The firm has a market capitalization of $24.23 billion, a PE ratio of 32.58, a P/E/G ratio of 5.00 and a beta of 1.06.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.03 earnings per share for the quarter, beating analysts' consensus estimates of $1.69 by $0.34. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. During the same quarter in the prior year, the business earned $1.34 EPS. The company's revenue was up 32.1% compared to the same quarter last year. Analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 earnings per share 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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