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Expeditors International Stock: Economics Support Long-Term Buy

2024-06-22 06:53:28.355000

Epoch Investment Partners Inc. has increased its holdings in Expeditors International of Washington, Inc. (NASDAQ: EXPD) by 19.0% in the 4th quarter, now owning 553,686 shares worth $70,429,000. Other institutional investors have also bought and sold shares of the company. Expeditors International of Washington reported earnings per share (EPS) of $1.17 for the quarter, surpassing the consensus estimate of $1.10. The company will pay a semi-annual dividend of $0.73 per share on June 17th. Insider Blake R. Bell sold 4,100 shares of the stock at an average price of $116.99. The stock is currently trading at $125.47. Several research reports have been published on EXPD, with an average rating of 'Hold' and a consensus price target of $111.25. Expeditors International of Washington is a global logistics services provider.

According to an analysis by Zach Bristow on Seeking Alpha, Expeditors International of Washington, Inc. (EXPD) is a global logistics services provider that operates an asset-light model in the logistics industry. The company has competitive advantages in the highly competitive industry, including economies of scale and intangible value/economic goodwill. Despite challenges in Q1 FY 2024, EXPD has attractive economics and the potential to trade to $158 per share using conservative estimates. The company's Q1 FY 2024 earnings breakdown showed a decline in revenues and expenses in the airfreight and ocean freight divisions. The author is bullish on EXPD's prospects and believes the stock is undervalued [41a7a34b].

Westwood Holdings Group Inc. has acquired a new position in XPO, Inc. by purchasing 174,798 shares of the transportation company's stock, valued at approximately $15.31 million. Other institutional investors and hedge funds have also recently bought and sold shares of XPO. Major shareholder Mfn Partners, Lp sold 1,250,000 shares of XPO stock. XPO has been the subject of several research reports, with analysts giving it a consensus rating of 'Moderate Buy' and an average price target of $118.95. XPO reported earnings of $0.81 per share for the quarter, beating analysts' estimates. The company's revenue was $2.02 billion, up 5.8% year-over-year. XPO has a market capitalization of $12.74 billion and a P/E ratio of 53.68. The stock has a 50-day moving average price of $114.02 and a 200-day moving average price of $105.44. XPO is expected to post earnings per share of $3.64 for the current year.

Orchard Capital Management LLC has increased its stake in Axos Financial, Inc. (NYSE:AX) by 5.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm now owns 313,313 shares of the company's stock, making it the biggest holding. Axos Financial has a market cap of $2.98 billion and a P/E ratio of 7.09. The company reported $1.91 earnings per share for the last quarter, beating the consensus estimate of $1.70. Analysts expect Axos Financial to post 6.76 earnings per share for the current year. The stock is currently rated as a 'Moderate Buy' with an average target price of $67.25.

Electron Capital Partners LLC increased its holdings in Eos Energy Enterprises, Inc. (NASDAQ:EOSE) by 226.6% during the 4th quarter, according to the company's 13F filing with the Securities and Exchange Commission. The firm owned 6,958,125 shares of Eos Energy Enterprises' stock after buying an additional 4,827,586 shares during the quarter. Eos Energy Enterprises had a 1-year low of $0.61 and a 1-year high of $5.67. The company reported ($0.23) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.24) by $0.01. Sell-side analysts expect that Eos Energy Enterprises, Inc. will post -0.79 earnings per share for the current year.

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