PFA Pension Forsikringsaktieselskab Takes Position in Expeditors International of Washington, Inc. $EXPD

Key Points

• PFA Pension Forsikringsaktieselskab opened a new Q4 position in Expeditors (NASDAQ:EXPD), buying 439,364 shares worth about $65.96 million, equal to roughly 0.33% of the company.
• Several large institutions boosted stakes—most notably UBS (added ~1.66M shares)—and institutional investors now own about 94.02% of the stock.
• Analyst sentiment is mixed with a MarketBeat consensus rating of "Reduce" and a $134.30 target; the stock trades near $147.22 after a quarter where EPS of $1.49 beat estimates but revenue fell 3.3% year-over-year.

PFA Pension Forsikringsaktieselskab purchased a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 439,364 shares of the transportation company's stock, valued at approximately $65,957,000. PFA Pension Forsikringsaktieselskab owned 0.33% of Expeditors International of Washington as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp raised its stake in shares of Expeditors International of Washington by 5.2% during the third quarter. State Street Corp now owns 7,708,656 shares of the transportation company's stock valued at $945,004,000 after purchasing an additional 377,703 shares in the last quarter. Marshfield Associates raised its stake in shares of Expeditors International of Washington by 4.6% during the third quarter. Marshfield Associates now owns 1,942,740 shares of the transportation company's stock valued at $238,161,000 after purchasing an additional 86,182 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Expeditors International of Washington by 64.1% during the third quarter. Wellington Management Group LLP now owns 1,920,927 shares of the transportation company's stock valued at $235,486,000 after purchasing an additional 749,993 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Expeditors International of Washington by 733.9% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,887,853 shares of the transportation company's stock valued at $231,432,000 after purchasing an additional 1,661,457 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of 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 valued at $177,923,000 after purchasing an additional 37,390 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company's stock.

Wall Street Analysts Forecast Growth

EXPD has been the topic of a number of recent analyst reports. Susquehanna cut their price objective on shares of Expeditors International of Washington from $160.00 to $142.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 25th. Bank of America upgraded shares of Expeditors International of Washington from a "neutral" rating to a "buy" rating in a research note on Friday, January 9th. Truist Financial cut their price objective on shares of Expeditors International of Washington from $160.00 to $140.00 and set a "hold" rating on the stock in a research note on Wednesday, February 25th. Barclays lifted their target price on Expeditors International of Washington from $110.00 to $135.00 and gave the stock an "underweight" rating in a report on Thursday, January 15th. Finally, Zacks Research lowered Expeditors International of Washington from a "strong-buy" rating to a "hold" rating in a report on Wednesday, January 14th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Reduce" and a consensus target price of $134.30.

Expeditors International of Washington Stock Down 0.5%

NASDAQ:EXPD opened at $147.22 on Friday. Expeditors International of Washington, Inc. has a 1-year low of $106.00 and a 1-year high of $167.19. The firm has a market capitalization of $19.58 billion, a price-to-earnings ratio of 25.74, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04. The stock has a fifty day simple moving average of $145.31 and a 200 day simple moving average of $146.04.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last announced its quarterly earnings data on Tuesday, February 24th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate 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%.The business's revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.68 earnings per share. Equities analysts predict that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Expeditors International of Washington 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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