Andra AP fonden Boosts Stake in Expeditors International of Washington, Inc. $EXPD

Key Points

• Andra AP fonden increased its Expeditors stake by 151% in the second quarter, adding 57,400 shares to own 95,421 shares worth approximately $15.6 million. Institutional investors collectively own 94.02% of the company.
• Expeditors reported quarterly EPS of $2.03, beating estimates of $1.69, while revenue rose 32.1% year over year. Analysts expect full-year EPS of approximately $5.39.
• The stock recently traded at $187.60, near its 52-week high, but analyst sentiment remains mixed: the consensus rating is “Hold” with an average price target of $168.78.

Andra AP fonden increased its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 151.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 95,421 shares of the transportation company's stock after acquiring an additional 57,400 shares during the period. Andra AP fonden owned about 0.07% of Expeditors International of Washington worth $15,552,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. RFG Advisory LLC increased its position in shares of Expeditors International of Washington by 3.5% during the 2nd quarter. RFG Advisory LLC now owns 1,882 shares of the transportation company's stock valued at $307,000 after purchasing an additional 64 shares during the last quarter. Nilsine Partners LLC raised its position in Expeditors International of Washington by 1.9% in the 2nd quarter. Nilsine Partners LLC now owns 4,036 shares of the transportation company's stock worth $658,000 after purchasing an additional 77 shares during the period. Nicollet Investment Management Inc. raised its position in Expeditors International of Washington by 0.9% in the 4th quarter. Nicollet Investment Management Inc. now owns 11,115 shares of the transportation company's stock worth $1,656,000 after purchasing an additional 98 shares during the period. New Mexico Educational Retirement Board lifted its stake in Expeditors International of Washington by 1.6% in the fourth quarter. New Mexico Educational Retirement Board now owns 6,250 shares of the transportation company's stock worth $931,000 after purchasing an additional 100 shares during the last quarter. Finally, Aaron Wealth Advisors LLC boosted its position in Expeditors International of Washington by 4.2% during the first quarter. Aaron Wealth Advisors LLC now owns 2,478 shares of the transportation company's stock valued at $355,000 after buying an additional 100 shares during the period. Institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Stock Down 2.4%

NASDAQ:EXPD opened at $187.60 on Wednesday. The firm's fifty day simple moving average is $183.69 and its 200 day simple moving average is $164.56. The stock has a market cap of $24.39 billion, a P/E ratio of 32.80, a price-to-earnings-growth ratio of 5.00 and a beta of 1.06. Expeditors International of Washington, Inc. has a twelve month low of $112.94 and a twelve month high of $194.59.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last announced 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 previous year, the company earned $1.34 EPS. Expeditors International of Washington's quarterly revenue was up 32.1% compared to the same quarter last year. On average, analysts expect that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. UBS Group lifted their price objective on Expeditors International of Washington from $191.00 to $210.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Citizens Jmp assumed coverage on Expeditors International of Washington in a report on Wednesday, July 15th. They set a "market perform" rating for the company. Stephens raised Expeditors International of Washington to a "strong-buy" rating in a research note on Wednesday, July 8th. Barclays boosted their price objective on Expeditors International of Washington from $150.00 to $160.00 and gave the company an "underweight" rating in a research report on Wednesday, August 5th. Finally, TD Cowen raised 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. 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 assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $168.78.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc is a global logistics and supply chain management company headquartered in Seattle, Washington. The company provides transportation and related services that help businesses move goods through international and domestic supply chains.

Its primary services include airfreight and ocean-freight forwarding, customs brokerage, cargo consolidation, warehousing and distribution, order management, and other supply chain solutions. Expeditors also offers technology-enabled shipment visibility and logistics coordination designed to support customers' import, export, and distribution activities.

Founded in 1979, Expeditors serves a broad range of industries through a network of offices and facilities across North America, Latin America, Europe, the Middle East, Africa, and the Asia-Pacific region.

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