5,615 Expeditors International of Washington, Inc. $EXPD Shares Acquired by Nisa Investment Advisors LLC

Key Points

• Nisa Investment Advisors increased its Expeditors International of Washington stake by 26.3% in the third quarter, acquiring 5,615 additional shares and bringing its holdings to 26,940 shares valued at approximately $4.97 million.
• Institutional investors own 94.02% of EXPD, with State Street holding more than 7.3 million shares and several other major firms significantly increasing their positions.
• Expeditors reported quarterly earnings of $2.03 per share, beating estimates of $1.69, while revenue rose 32.1% year over year. Despite the strong results, analysts maintain a consensus “Hold” rating with a $175.27 target price.

Nisa Investment Advisors LLC grew its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 26.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,940 shares of the transportation company's stock after acquiring an additional 5,615 shares during the quarter. Nisa Investment Advisors LLC's holdings in Expeditors International of Washington were worth $4,974,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. State Street Corp lifted its holdings in shares of Expeditors International of Washington by 1.5% in the second quarter. State Street Corp now owns 7,335,241 shares of the transportation company's stock valued at $1,195,498,000 after purchasing an additional 109,798 shares in the last quarter. Kentucky Retirement Systems grew its holdings in shares of Expeditors International of Washington by 97.2% during the first quarter. Kentucky Retirement Systems now owns 16,973 shares of the transportation company's stock worth $2,431,000 after buying an additional 8,367 shares in the last quarter. Deutsche Bank AG bought a new position in shares of Expeditors International of Washington during the second quarter worth about $102,595,000. Allianz Asset Management GmbH grew its holdings in shares of Expeditors International of Washington by 44.5% during the second quarter. Allianz Asset Management GmbH now owns 612,352 shares of the transportation company's stock worth $99,801,000 after buying an additional 188,581 shares in the last quarter. Finally, Squarepoint Ops LLC raised its position in Expeditors International of Washington by 40.6% in the 2nd quarter. Squarepoint Ops LLC now owns 173,669 shares of the transportation company's stock valued at $28,305,000 after buying an additional 50,157 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Trading Up 0.1%

EXPD opened at $196.38 on Friday. The stock's fifty day simple moving average is $190.66 and its 200 day simple moving average is $172.28. Expeditors International of Washington, Inc. has a 1-year low of $117.45 and a 1-year high of $200.66. The stock has a market cap of $25.53 billion, a PE ratio of 34.33, a price-to-earnings-growth ratio of 5.00 and a beta of 1.07.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.34. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%. During the same quarter in the previous year, the company posted $1.34 earnings per share. The business's revenue was up 32.1% on a year-over-year basis. Equities analysts forecast that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on EXPD. Bank of America boosted their target price on Expeditors International of Washington from $181.00 to $189.00 and gave the company a "buy" rating in a research note on Tuesday, July 21st. Citizens Jmp started coverage on shares of Expeditors International of Washington in a research note on Wednesday, July 15th. They set a "market perform" rating for the company. Stifel Nicolaus lifted their price objective on shares of Expeditors International of Washington from $154.00 to $158.00 and gave the company a "hold" rating in a report on Wednesday, July 15th. Zacks Research lowered shares of Expeditors International of Washington from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 5th. Finally, TD Cowen increased their target price on shares of Expeditors International of Washington from $148.00 to $176.00 and gave the stock a "sell" rating in a report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, Expeditors International of Washington has a consensus rating of "Hold" and a consensus target price of $175.27.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc is a global logistics company headquartered in Seattle, Washington. The company provides freight forwarding, transportation, customs brokerage and supply chain management services for businesses that move goods internationally.

Its services include airfreight and ocean-freight forwarding, customs clearance, warehousing and distribution, cargo insurance, order management, and other logistics solutions. Expeditors coordinates shipments through a worldwide network of offices and service providers, helping customers manage international trade requirements and supply chain operations.

Founded in 1979, Expeditors serves customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.

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