Expeditors International of Washington, Inc. (EXPD) has experienced significant financial activity and traction, as revealed through various investment shifts. Robeco Institutional Asset Management B.V. and Assenagon Asset Management reduced their stakes, while firms like Exchange Traded Concepts, Empirical Financial Services, Forsta AP Fonden, Janney Montgomery Scott, and KBC Group boosted theirs. Additionally, new investments came from Drystone, Avanza Fonder and International Assets Investment Management, indicating swelling institutional confidence. However, Foster & Motley sold off a considerable portion of their shares while insiders also sold a substantial stock value, signaling caution.
Q3 results exceeded expectations with a
41% earnings surge, hitting a record
$3B revenue. Despite the downward revision of the price target and the stock's ranking by analysts, several asset management firms raised their investment stakes.
Jim Cramer of CNBC anticipates a potential uplift in the company's stock price due to FedEx's value decline, and the firm has maintained an attractive capital allocation discipline. Despite the strong performance, some cautionary signals exist, such as a lowered price target by Stifel Nicolaus and US$2.2m insider stock sale.
Expeditors International of Washington EXPD News Analytics from Mon, 08 Jun 2015 22:04:58 GMT to Sat, 01 Feb 2025 12:41:58 GMT -
Rating 7
- Innovation 8
- Information 9
- Rumor -2
