Great Lakes Advisors LLC acquired a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 9,782 shares of the transportation company's stock, valued at approximately $1,594,000.
A number of other institutional investors also recently modified their holdings of EXPD. Elyxium Wealth LLC bought a new stake in shares of Expeditors International of Washington in the 4th quarter valued at approximately $28,000. DV Equities LLC acquired a new position in shares of Expeditors International of Washington in the 4th quarter valued at $28,000. Nalls Sherbakoff Group LLC bought a new stake in shares of Expeditors International of Washington in the 4th quarter valued at $30,000. Bard Associates Inc. acquired a new position in shares of Expeditors International of Washington in the fourth quarter valued at approximately $32,000. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Expeditors International of Washington by 132.3% in the fourth quarter. Geneos Wealth Management Inc. now owns 230 shares of the transportation company's stock valued at $34,000 after purchasing an additional 131 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company's stock.
Expeditors International of Washington Stock Performance
Shares of EXPD opened at $187.83 on Friday. Expeditors International of Washington, Inc. has a 52 week low of $112.94 and a 52 week high of $189.99. The stock has a market capitalization of $24.42 billion, a price-to-earnings ratio of 32.84, a PEG ratio of 5.00 and a beta of 1.04. The stock has a fifty day moving average of $173.01 and a 200-day moving average of $158.75.
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 (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.34. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. During the same quarter in the prior year, the company earned $1.34 earnings per share. Expeditors International of Washington's revenue was up 32.1% compared to the same quarter last year. As a group, equities analysts forecast that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.
Analyst Upgrades and Downgrades
Several analysts have issued reports on the company. Bank of America upped their price objective 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. Zacks Research upgraded Expeditors International of Washington from a "hold" rating to a "strong-buy" rating in a research report on Thursday, May 7th. TD Cowen lifted their target price on Expeditors International of Washington from $148.00 to $176.00 and gave the stock a "sell" rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. upgraded shares of Expeditors International of Washington from an "underweight" rating to a "neutral" rating and set a $200.00 price target on the stock in a research note on Wednesday, August 5th. Finally, Stifel Nicolaus raised their price target on shares of Expeditors International of Washington from $154.00 to $158.00 and gave the stock a "hold" rating in a research report on Wednesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $168.78.
Get Our Latest Analysis on EXPD
About Expeditors International of Washington
(
Free Report)
Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.
The company's core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.
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