KLP Kapitalforvaltning AS Has $20.25 Million Stake in Expeditors International of Washington, Inc. $EXPD

Key Points

• KLP Kapitalforvaltning AS increased its stake in Expeditors by 35.9% to 135,902 shares, now worth approximately $20.25 million (about 0.10% ownership).
• Institutional ownership is very high at 94.02%, and other large managers including Allianz and Envestnet have also boosted their holdings in recent quarters.
• Analyst sentiment is mixed: the consensus rating is Reduce with a consensus target price of $134.30, and several firms have recently trimmed price targets.

KLP Kapitalforvaltning AS raised its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 35.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 135,902 shares of the transportation company's stock after purchasing an additional 35,900 shares during the period. KLP Kapitalforvaltning AS owned 0.10% of Expeditors International of Washington worth $20,251,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allianz Asset Management GmbH boosted its holdings in shares of Expeditors International of Washington by 14.0% during the 3rd quarter. Allianz Asset Management GmbH now owns 565,430 shares of the transportation company's stock worth $69,316,000 after buying an additional 69,290 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Expeditors International of Washington by 6.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 993,697 shares of the transportation company's stock worth $121,817,000 after buying an additional 62,500 shares in the last quarter. Picton Mahoney Asset Management bought a new position in shares of Expeditors International of Washington during the 3rd quarter worth approximately $1,041,000. Ascent Group LLC boosted its holdings in shares of Expeditors International of Washington by 237.3% during the 3rd quarter. Ascent Group LLC now owns 10,315 shares of the transportation company's stock worth $1,265,000 after buying an additional 7,257 shares in the last quarter. Finally, Mediolanum International Funds Ltd bought a new position in shares of Expeditors International of Washington during the 3rd quarter worth approximately $464,000. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Stock Up 0.9%

Shares of NASDAQ:EXPD opened at $149.78 on Friday. Expeditors International of Washington, Inc. has a twelve month low of $106.00 and a twelve month high of $167.19. The stock's 50 day moving average is $145.30 and its 200-day moving average is $144.81. The firm has a market capitalization of $19.92 billion, a price-to-earnings ratio of 26.19, a PEG ratio of 5.00 and a beta of 1.09.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last issued its earnings results on Tuesday, February 24th. The transportation company reported $1.49 earnings per share for the quarter, topping analysts' consensus estimates of $1.46 by $0.03. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.During the same quarter last year, the business earned $1.68 EPS. Expeditors International of Washington's revenue was down 3.3% compared to the same quarter last year. Equities research analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on EXPD. Truist Financial cut their price target on Expeditors International of Washington from $160.00 to $140.00 and set a "hold" rating on the stock in a report on Wednesday, February 25th. Wolfe Research upgraded Expeditors International of Washington from a "strong sell" rating to a "hold" rating in a report on Monday, March 9th. Zacks Research cut Expeditors International of Washington from a "strong-buy" rating to a "hold" rating in a report on Wednesday, January 14th. JPMorgan Chase & Co. cut their price target on Expeditors International of Washington from $134.00 to $132.00 and set an "underweight" rating on the stock in a report on Monday, January 12th. Finally, Barclays upped their target price on Expeditors International of Washington from $110.00 to $135.00 and gave the stock an "underweight" rating in a research report on Thursday, January 15th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus target price of $134.30.

About Expeditors International of Washington

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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