M&T Bank Corp Raises Position in Expeditors International of Washington, Inc. $EXPD

M&T Bank Corp boosted its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 234.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 33,562 shares of the transportation company's stock after buying an additional 23,541 shares during the period. M&T Bank Corp's holdings in Expeditors International of Washington were worth $5,020,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Community Bank N.A. purchased a new stake in shares of Expeditors International of Washington in the 3rd quarter valued at about $34,000. eCIO Inc. purchased a new position in shares of Expeditors International of Washington during the fourth quarter worth about $37,000. Towarzystwo Funduszy Inwestycyjnych PZU SA grew its holdings in shares of Expeditors International of Washington by 63.6% during the third quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 360 shares of the transportation company's stock worth $44,000 after purchasing an additional 140 shares in the last quarter. MUFG Securities EMEA plc bought a new position in shares of Expeditors International of Washington in the second quarter worth approximately $47,000. Finally, CoreCap Advisors LLC increased its position in shares of Expeditors International of Washington by 176.9% in the fourth quarter. CoreCap Advisors LLC now owns 396 shares of the transportation company's stock worth $59,000 after purchasing an additional 253 shares during the last quarter. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on EXPD. Truist Financial dropped their target price on shares of Expeditors International of Washington from $160.00 to $140.00 and set a "hold" rating for the company in a research report on Wednesday, February 25th. Susquehanna decreased their price target on shares of Expeditors International of Washington from $160.00 to $142.00 and set a "neutral" rating on the stock in a report on Wednesday, February 25th. Barclays raised their price objective on shares of Expeditors International of Washington from $110.00 to $135.00 and gave the company an "underweight" rating in a research report on Thursday, January 15th. Zacks Research downgraded shares of Expeditors International of Washington from a "strong-buy" rating to a "hold" rating in a report on Wednesday, January 14th. Finally, Bank of America raised Expeditors International of Washington from a "neutral" rating to a "buy" rating in a research note on Friday, January 9th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Reduce" and an average target price of $134.30.

Expeditors International of Washington Price Performance

Shares of EXPD opened at $147.51 on Monday. Expeditors International of Washington, Inc. has a 1 year low of $106.00 and a 1 year high of $167.19. The stock has a 50 day simple moving average of $145.33 and a two-hundred day simple moving average of $145.31. The firm has a market cap of $19.62 billion, a P/E ratio of 25.79, a P/E/G ratio of 5.00 and a beta of 1.09.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last posted its quarterly earnings results on Tuesday, February 24th. The transportation company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.46 by $0.03. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. Expeditors International of Washington's revenue was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.68 EPS. On average, equities 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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