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KLP Kapitalforvaltning AS Has $20.25 Million Stake in Expeditors International of Washington, Inc. $EXPD
KLP Kapitalforvaltning AS increased its stake in Expeditors International of Washington, Inc. by 35.9% to 135,902 shares, now valued at approximately $20.25 million. This move is part of a trend of high institutional ownership, with 94.02% of the stock held by institutions, and comes despite a mixed analyst sentiment, which has a consensus “Reduce” rating and a target price of $134.30. The company recently reported Q4 earnings that topped analyst estimates, with EPS of $1.49 against a $1.46 consensus.