Fmr LLC and Royal London Asset Management Ltd. recently sold their holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD). However, several investors such as
Edgestream Partners L.P., Benjamin Edwards Inc., and
Point72 Hong Kong Ltd have increased their stakes. Despite bearing
cautionary signs from insiders selling off shares, the company’s stock performance seems pretty robust. Its
Q3 earnings surprised the market with a whopping 41% surge and a record $3B revenue, significantly exceeding projections. A decline in FedEx's value is expected by some predictions to benefit EXPD’s own stock price. The firm has been also highlighted as the
'Top Dividend Stock of the Dow Transports', with a declaration of a $0.73 Semi-Annual Dividend and a noted 1.2% yield.
Alpha DNA Investment Management LLC and a couple of other firms, have made their debuts in EXPD investments.
Zacks Industry Outlook highlighted Expeditors International alongside C.H.Robinson Worldwide and Matson indicating potential in the sector. A
decline in Q4 earnings amid market uncertainty is observed, suggesting potential risks also exist. On a different note, the incumbent President of Global Services, Eugene K. Alger, is set to retire by the end of 2022.
Expeditors International of Washington EXPD News Analytics from Fri, 06 Nov 2020 05:37:56 GMT to Fri, 06 Dec 2024 20:34:10 GMT -
Rating 4
- Innovation -2
- Information 6
- Rumor -3
