APG Asset Management retains a significant $19.34 million stock position in
Expeditors International of Washington.
Jim Cramer anticipates a boost in the latter's stock price due to recent declines in FedEx’s value, suggesting an opportune magnitude for buying. Noteworthy growth can be seen with
D. E. Shaw & Co. Inc, and
Scientech Research LLC increasing their respective stakes. Moreover, Point72 Asia Singapore Pte. Ltd. has acquired 9,617 Expeditors shares. IDespite deceasing its holdings,
Ensign Peak Advisors Inc still retains a stake in the company, like Frank Rimerman Advisors LLC that boosted its stake.
DRW Securities LLC and Skandinaviska Enskilda Banken AB publ also bought shares. Q2 2024 reports for Expeditors show matching earnings estimates, but revenues exceeded expectations. Several asset management firms, including First Eagle Investment Management and TD Asset Management, hold major stakes. Notwithstanding a Q1 revenue drop, Expeditors reported a 9% revenue boost in Q2, coupled with $205M returns to shareholders. Shareholders aren't expected to significantly adjust compensations this year, and a higher dividend than the previous year will be paid at $0.73. The shares' target price is set at $116.00. However, the recent share price actions seem to underwhelm some investors. Thoroughbred Financial Services LLC also made a substantial investment, and while Q1 bottom lines fell, they beat estimations.
Expeditors International of Washington EXPD News Analytics from Mon, 08 Jun 2015 22:04:58 GMT to Sun, 29 Sep 2024 12:01:22 GMT -
Rating 8
- Innovation 4
- Information 9
- Rumor 2
