On September 18, 2023, it was reported that McDonald Capital Investors Inc. CA had reduced its holdings in Expeditors International of Washington, Inc. (NASDAQ: EXPD) by 13.1% during the second quarter. This information was revealed in their most recent Form 13F filing with the Securities and Exchange Commission (SEC).
According to the filing, McDonald Capital Investors Inc. CA now owns 20,065 shares of Expeditors International of Washington’s stock, having sold 3,026 shares during the specified period. This reduction in holdings means that Expeditors International of Washington represents approximately 0.2% of McDonald Capital Investors Inc. CA’s portfolio, positioning it as their 19th largest investment.
At the end of the most recent quarter, McDonald Capital Investors Inc. CA’s stake in Expeditors International of Washington was valued at $2,430,000.
Expeditors International of Washington is a leading provider of logistics services across various regions including Americas, North Asia, South Asia, Europe, Middle East, Africa, and India. The company offers a wide range of services such as airfreight consolidation and forwarding, ocean freight and ocean services including direct ocean forwarding and order management.
Additionally, the company provides customs brokerage services along with intra-continental ground transportation and delivery solutions. Expediting International of Washington also specializes in warehousing and distribution services along with customs clearance services.
Furthermore, they offer specialized supply chain solutions including purchase order management, vendor consolidation, time-definite transportation services for cargo shipment delivery within specific schedules. Additionally, they provide temperature-controlled transit options along with cargo insurance and specialized cargo monitoring and tracking systems.
The decrease in shareholdings by McDonald Capital Investors Inc. CA may indicate a shift in their investment strategy or a repositioning within their portfolio. However, as of September 18th ,2023 there was no further information available regarding the specific reasons behind this reduction in holdings.
It is important to note that investors often adjust their holdings based on various factors such as market trends, financial performance of the company, and overall portfolio management strategies. As of now, it remains to be seen how this reduction in holdings will impact the long-term prospects of Expeditors International of Washington and its stock performance.
In conclusion, McDonald Capital Investors Inc. CA has reduced its holdings in Expeditors International of Washington during the second quarter of 2023. The logistics services provider operates across multiple regions and offers a comprehensive range of solutions. The reasons behind this decrease in shareholdings are not currently disclosed, and it remains to be seen how this development will impact Expeditors International of Washington’s future prospects.
Medical Properties Trust, Inc.
MPW
Buy
Updated on: 03/12/2023
Financial Health
Healthy
Debt to equity ratio: Buy
Price to earnings ratio: Strong Sell
Price to book ratio: Buy
DCF: Strong Buy
ROE: Neutral
Prominent Investors Adjust Holdings in Expeditors International as Company Faces Mixed Market Sentiment
Expeditors International of Washington (EXPD) has attracted the attention of several prominent investors who have made significant adjustments to their holdings of the company’s stock. Financial Gravity Asset Management Inc. recently acquired a new stake in Expeditors International worth approximately $203,000 during the first quarter. On the other hand, Graham Capital Wealth Management LLC purchased a substantial stake in EXPD during the first quarter valued at around $237,859,000. Moreover, New Hampshire Trust made its presence felt by acquiring a new position in Expeditors International in the fourth quarter with a value of $26,000.
First Horizon Advisors Inc., another notable investor, increased its holdings in EXPD by 53.8% during the first quarter. The advisor now owns 263 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 92 shares in the last quarter. Additionally, Clear Street Markets LLC boosted its ownership of Expeditors International by 95.0% during the same period through an acquisition of an additional 153 shares with a total value of $35,000. It is noteworthy that hedge funds and other institutional investors currently hold about 96.73% ownership of Expeditors International.
The market sentiment regarding EXPD has also been reflected in brokerage reports and analysis. Morgan Stanley recently raised its price target on EXPD shares from $84.00 to $86.00 while maintaining an “underweight” rating for the stock on August 14th. Stephens also adjusted its price objective from $105.00 to $115.00 while giving it an “equal weight” rating on August 9th.
Stifel Nicolaus followed suit by increasing its price objective from $99.00 to $115 and rated it as “hold” on July 19th, while Susquehanna upticked their price target from $104 to $115 and labeled it as “neutral” on August 9th. Finally, StockNews.com commenced coverage of Expeditors International with a “hold” rating on August 17th.
According to Bloomberg data, four equities research analysts have rated EXPD as “sell,” while five have issued a “hold” rating for the stock. The consensus target price stands at $106.18.
On September 18, 2023, EXPD shares on NASDAQ traded at $118.09 after dropping by $0.35 during the day’s session. The trading volume for the company was recorded at 45,696 shares, which is considerably lower than its average volume of 1,215,338 shares. Despite these fluctuations in price and volume, Expeditors International has experienced tremendous growth in the past year, with its stock reaching a 12-month high of $128.04 and maintaining a low of $86.08.
In terms of technical analysis, EXPD currently holds a 50-day moving average of $119.55 and a 200-day moving average of $114.98. With a market capitalization of approximately $17.47 billion and a beta value standing at 1.02, Expeditors International remains an influential player in the transportation industry.
Expeditors International recently released its quarterly earnings update on August 8th, disclosing an earnings per share (EPS) figure of $1.30 for the quarter—an underperformance compared to analysts’ consensus estimate of $1.34 per share.
Although there was disappointment regarding EPS figures, it is important to note that the company generated revenue of approximately $2.24 billion during the same quarter—falling short of market expectations set at $2.65 billion.
The net margin for Expeditors International stood at around 8.36%, bringing the firm’s return on equity to an impressive figure of 34.31%. It is worth mentioning, however, that this quarter’s revenue fell by 51.3% when compared to the corresponding period last year. In the previous year’s comparable quarter, Expeditors International reported earnings per share of $2.27.
Sell-side analysts anticipate that Expeditors International will post an EPS of 5.36 for the entirety of the current fiscal year. While it remains to be seen how the company will perform moving forward, its recent earnings results have sparked interest and have been met with cautious optimism as investors navigate through a volatile market landscape.
In conclusion, the recent modifications made by large investors in their holdings of Expeditors International stock highlight a growing interest in the company within the investment community. Moreover, brokerages have expressed mixed sentiments and recently adjusted their price targets on EXPD shares, which currently trade at $118.09 on NASDAQ. The transportation company’s quarterly earnings results fell short of expectations but still showcased attractive metrics such as net margin and return on equity. Despite some challenges faced during the same quarter last year, Expeditors International looks poised to deliver substantial earnings per share figures for the fiscal year ahead. As always, investors are advised to conduct thorough research and analysis before making any investment decisions regarding Expeditors International or any other
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