Delta Global Management LP Takes Position in Expeditors International of Washington, Inc. $EXPD

Delta Global Management LP acquired a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 20,559 shares of the transportation company’s stock, valued at approximately $2,520,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vermillion & White Wealth Management Group LLC grew its position in Expeditors International of Washington by 82.3% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 268 shares of the transportation company’s stock worth $31,000 after acquiring an additional 121 shares during the last quarter. Community Bank N.A. bought a new stake in Expeditors International of Washington in the third quarter valued at approximately $34,000. CYBER HORNET ETFs LLC bought a new stake in Expeditors International of Washington in the second quarter valued at approximately $43,000. Bartlett & CO. Wealth Management LLC purchased a new stake in shares of Expeditors International of Washington during the third quarter valued at approximately $43,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA grew its holdings in shares of Expeditors International of Washington by 63.6% in 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 during the last quarter. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Up 0.2%

Shares of EXPD stock opened at $142.55 on Monday. The firm has a market capitalization of $19.03 billion, a price-to-earnings ratio of 24.92, a PEG ratio of 5.00 and a beta of 1.15. The stock has a fifty day moving average of $154.16 and a 200 day moving average of $140.44. Expeditors International of Washington, Inc. has a 52 week low of $100.47 and a 52 week high of $167.19.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, February 24th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. During the same quarter in the prior year, the company posted $1.68 EPS. The company’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 year.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Truist Financial decreased their target price 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. Bank of America raised shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating in a report on Friday, January 9th. Susquehanna decreased 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 report on Wednesday, February 25th. JPMorgan Chase & Co. lowered their price objective on shares of Expeditors International of Washington from $134.00 to $132.00 and set an “underweight” rating for the company in a research note on Monday, January 12th. Finally, Zacks Research lowered shares of 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 given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $134.30.

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.