How Expeditors International of Washington (EXPD) Stacks Up Against Its Peers

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Consequently, some big names have jumped into Expeditors International of Washington (NASDAQ:EXPD) headfirst. Echo Street Capital Management, managed by Greg Poole, created the most valuable position in Expeditors International of Washington (NASDAQ:EXPD). Echo Street Capital Management had $5.1 million invested in the company at the end of the quarter. Ken Griffin’s Citadel Investment Group also made a $2.3 million investment in the stock during the quarter. The other funds with new positions in the stock are Peter Muller’s PDT Partners, Brian Taylor’s Pine River Capital Management, and Steve Cohen’s Point72 Asset Management.

Let’s now review hedge fund activity in other stocks similar to Expeditors International of Washington (NASDAQ:EXPD). These stocks are Albemarle Corporation (NYSE:ALB), Fortune Brands Home & Security Inc (NYSE:FBHS), CBRE Group Inc (NYSE:CBG), and ResMed Inc. (NYSE:RMD). This group of stocks’ market caps match EXPD’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
ALB 38 882632 -2
FBHS 25 332101 1
CBG 34 1890453 6
RMD 17 204914 2

As you can see these stocks had an average of 28.5 hedge funds with bullish positions and the average amount invested in these stocks was $828 million. That figure was $582 million in EXPD’s case. Albemarle Corporation (NYSE:ALB) is the most popular stock in this table. On the other hand ResMed Inc. (NYSE:RMD) is the least popular one with only 17 bullish hedge fund positions. Expeditors International of Washington (NASDAQ:EXPD) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds love. In this regard ALB might be a better candidate to consider a long position in.

Disclosure: None

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