A constant recorder of mixed events,
Expeditors International of Washington (EXPD) saw many highs and lows throughout the said period. Despite facing a
12-month low, EXPD's shares maintained a steady performance even as its business trailed the market. Its Q3 earnings notably
surged 41% with a record $3B revenue, beating Q3 estimates due to early freight moves. Various entities such as the
Y Intercept Hong Kong Ltd and
Unigestion Holding SA have either reduced or sold stakes in EXPD. However, companies like
Franklin Resources Inc. and
Barclays PLC grew their holdings significantly. The performance of EXPD's stock seems tied to strong fundamentals, and some analysts expect it to benefit from the recent decline in FedEx’s value. EXPD declared a
$0.73 semi-annual dividend, attracting several investors. Nevertheless, insider selling by Robert Carlile raised caution among stakeholders. Despite predictions of
doubling of the stock value moving forward, certain asset management groups have reduced their holdings in the company, suggesting uncertain market sentiments.
Expeditors International of Washington EXPD News Analytics from Mon, 05 Mar 2018 08:00:00 GMT to Fri, 20 Dec 2024 22:21:52 GMT -
Rating 3
- Innovation -2
- Information 8
- Rumor -1
