Camrose Capital Investment Partners LLP Makes New $77.50 Million Investment in Expeditors International of Washington, Inc. $EXPD

Camrose Capital Investment Partners LLP bought a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the second quarter, HoldingsChannel.com reports. The firm bought 475,495 shares of the transportation company’s stock, valued at approximately $77,496,000. Expeditors International of Washington makes up about 8.8% of Camrose Capital Investment Partners LLP’s holdings, making the stock its 7th biggest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of EXPD. Elyxium Wealth LLC purchased a new position in shares of Expeditors International of Washington in the 4th quarter worth $28,000. DV Equities LLC purchased a new stake in Expeditors International of Washington during the fourth quarter valued at $28,000. Nalls Sherbakoff Group LLC purchased a new stake in Expeditors International of Washington during the fourth quarter valued at $30,000. Hara Capital LLC bought a new position in Expeditors International of Washington in the second quarter valued at about $33,000. Finally, Bard Associates Inc. purchased a new position in Expeditors International of Washington in the fourth quarter worth about $32,000. 94.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Bank of America boosted their price target on Expeditors International of Washington from $181.00 to $189.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. TD Cowen increased their price objective on shares of Expeditors International of Washington from $148.00 to $176.00 and gave the stock a “sell” rating in a research note on Wednesday, August 5th. Stephens raised shares of Expeditors International of Washington to a “strong-buy” rating in a report on Wednesday, July 8th. Citizens Jmp initiated coverage on shares of Expeditors International of Washington in a research report on Wednesday, July 15th. They set a “market perform” rating for the company. Finally, Zacks Research raised shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Expeditors International of Washington has an average rating of “Hold” and an average price target of $168.78.

Expeditors International of Washington Stock Performance

NASDAQ:EXPD opened at $187.92 on Tuesday. The stock has a 50-day simple moving average of $173.50 and a two-hundred day simple moving average of $158.90. Expeditors International of Washington, Inc. has a 52-week low of $112.94 and a 52-week high of $189.99. The firm has a market capitalization of $24.43 billion, a PE ratio of 32.85, a P/E/G ratio of 5.00 and a beta of 1.04.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.34. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.During the same period in the previous year, the business earned $1.34 earnings per share. The business’s revenue for the quarter was up 32.1% on a year-over-year basis. Equities analysts forecast that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal 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.