Ossiam Acquires 100,210 Shares of Expeditors International of Washington, Inc. $EXPD

Key Points

• Ossiam boosted its stake in Expeditors by 1,089.8%
• Institutional ownership is very high at 94.02%, with major funds — notably Wellington Management (added 749,993 shares, +64.1%) and Loomis Sayles — materially increasing their positions.
• Wall Street sentiment is cautious: the consensus rating is "Reduce" with an average target of $134.30, while the stock trades around $142.55 after a modest EPS beat ($1.49 vs. $1.46) but a 3.3% revenue decline year-over-year.

Ossiam raised its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 1,089.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 109,405 shares of the transportation company's stock after purchasing an additional 100,210 shares during the quarter. Ossiam owned approximately 0.08% of Expeditors International of Washington worth $13,412,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P lifted its stake in shares of Expeditors International of Washington by 1.5% during the 2nd quarter. Loomis Sayles & Co. L P now owns 5,744,971 shares of the transportation company's stock worth $656,363,000 after buying an additional 83,366 shares during the last quarter. First Trust Advisors LP grew its stake in Expeditors International of Washington by 19.3% in the 2nd quarter. First Trust Advisors LP now owns 2,077,347 shares of the transportation company's stock valued at $237,337,000 after buying an additional 335,578 shares during the last quarter. Baird Financial Group Inc. raised its holdings in Expeditors International of Washington by 5.0% in the 2nd quarter. Baird Financial Group Inc. now owns 1,937,324 shares of the transportation company's stock valued at $221,339,000 after acquiring an additional 92,222 shares during the period. Wellington Management Group LLP raised its holdings in Expeditors International of Washington by 64.1% in the 3rd quarter. Wellington Management Group LLP now owns 1,920,927 shares of the transportation company's stock valued at $235,486,000 after acquiring an additional 749,993 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Expeditors International of Washington by 2.6% during the third quarter. Dimensional Fund Advisors LP now owns 1,451,363 shares of the transportation company's stock worth $177,923,000 after acquiring an additional 37,390 shares during the last quarter. 94.02% of the stock is owned by institutional investors.

Expeditors International of Washington Stock Up 0.2%

EXPD opened at $142.55 on Friday. The stock has a market capitalization of $19.03 billion, a price-to-earnings ratio of 24.92, a P/E/G ratio of 5.00 and a beta of 1.15. Expeditors International of Washington, Inc. has a twelve month low of $100.47 and a twelve month high of $167.19. The company has a 50-day simple moving average of $154.16 and a 200 day simple moving average of $140.18.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last released its earnings results on Tuesday, February 24th. The transportation company reported $1.49 EPS for the quarter, beating 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%. The company's revenue was down 3.3% compared to the same quarter last year. During the same period last year, the company posted $1.68 EPS. Sell-side analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on EXPD shares. Truist Financial reduced their price objective on Expeditors International of Washington from $160.00 to $140.00 and set a "hold" rating for the company in a report on Wednesday, February 25th. Barclays boosted their target price 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. JPMorgan Chase & Co. decreased their target price on shares of Expeditors International of Washington from $134.00 to $132.00 and set an "underweight" rating on the stock in a research report on Monday, January 12th. Stifel Nicolaus lifted their price target on shares of Expeditors International of Washington from $130.00 to $136.00 and gave the company a "hold" rating in a research report on Tuesday, December 16th. Finally, Bank of America upgraded 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 assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, Expeditors International of Washington presently has a consensus rating of "Reduce" and an average 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.