UBS Group has upgraded the rating of Expeditors International of Washington (NASDAQ:EXPD) to Neutral. Meanwhile, significant changes in stock positions have been observed. DekaBank Deutsche Girozentrale, Engineering LP, Bessemer Group Inc., and Concurrent Investment Advisors have decreased their holdings. Conversely, Price T Rowe Associates, Envestnet Portfolio Solutions, and Mizuho Markets Americas have increased their stakes. While some have raised doubts about EXPD's valuation, with intrinsic value potentially being 24% below its share price, the company has proven its stance as a dividend aristocrat. The company's president recently sold over $479k in company stock, eliciting market speculation. The company has faced some challenges with a revenue drop and operational difficulties, but Expeditors navigated the turbulence well. Even with recent layoffs, capital investment trends for the company look strong. The firm's futuristic vision is backed up by the introduction of a new, cutting-edge carrier allocation platform.
Expeditors International of Washington EXPD News Analytics from Fri, 01 Aug 2003 07:00:00 GMT to Sat, 03 Aug 2024 17:26:31 GMT - Rating 7 - Innovation 2 - Information 6 - Rumor -2
