Aware Super Pty Ltd as trustee of Aware Super Buys 475,283 Shares of Expeditors International of Washington, Inc. $EXPD

Key Points

• Aware Super increased its Expeditors International of Washington stake by 274.4% in the third quarter, purchasing 475,283 additional shares and ending with 648,461 shares valued at approximately $109.1 million.
• Institutional investors own 94.02% of EXPD, with major holders including BlackRock, State Street, Bank of America, Baird Financial and UBS Asset Management.
• Analysts maintain a consensus “Hold” rating with a $175.27 price target, while the stock recently traded at $200.55. Expeditors reported quarterly EPS of $2.03, beating estimates, and revenue growth of 32.1% year over year.

Aware Super Pty Ltd as trustee of Aware Super grew its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 274.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 648,461 shares of the transportation company's stock after acquiring an additional 475,283 shares during the quarter. Expeditors International of Washington comprises about 1.5% of Aware Super Pty Ltd as trustee of Aware Super's investment portfolio, making the stock its 13th largest holding. Aware Super Pty Ltd as trustee of Aware Super owned about 0.50% of Expeditors International of Washington worth $109,055,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of EXPD. BlackRock Inc. acquired a new stake in Expeditors International of Washington in the second quarter worth about $2,193,093,000. State Street Corp boosted its holdings in Expeditors International of Washington by 1.5% during the second quarter. State Street Corp now owns 7,335,241 shares of the transportation company's stock worth $1,195,498,000 after buying an additional 109,798 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Expeditors International of Washington by 0.8% during the 2nd quarter. Bank of America Corp DE now owns 2,585,934 shares of the transportation company's stock valued at $421,456,000 after acquiring an additional 21,400 shares during the last quarter. Baird Financial Group Inc. boosted its stake in shares of Expeditors International of Washington by 2.7% during the 2nd quarter. Baird Financial Group Inc. now owns 2,239,665 shares of the transportation company's stock worth $365,021,000 after acquiring an additional 57,823 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Expeditors International of Washington by 10.0% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,155,313 shares of the transportation company's stock worth $351,273,000 after acquiring an additional 195,351 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company's stock.

Analysts Set New Price Targets

EXPD has been the topic of a number of recent research reports. Citizens Jmp started coverage on Expeditors International of Washington in a report on Wednesday, July 15th. They issued a "market perform" rating on the stock. Barclays upped their target price on Expeditors International of Washington from $160.00 to $165.00 and gave the company an "underweight" rating in a report on Tuesday, September 29th. BNP Paribas Exane initiated coverage on Expeditors International of Washington in a research report on Wednesday, September 30th. They issued a "neutral" rating and a $180.00 price target for the company. Stifel Nicolaus lifted their price target on Expeditors International of Washington from $154.00 to $158.00 and gave the stock a "hold" rating in a research note on Wednesday, July 15th. Finally, Truist Financial lifted their price target on Expeditors International of Washington from $145.00 to $175.00 and gave the stock a "hold" rating in a research note on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $175.27.

Expeditors International of Washington Stock Up 0.9%

EXPD opened at $200.55 on Tuesday. The firm has a market capitalization of $26.07 billion, a P/E ratio of 35.06, a PEG ratio of 5.00 and a beta of 1.07. The stock has a fifty day moving average of $191.97 and a 200-day moving average of $167.25. Expeditors International of Washington, Inc. has a 12-month low of $120.94 and a 12-month high of $203.13.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.03 earnings per share for the quarter, beating analysts' consensus estimates 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%. The firm's quarterly revenue was up 32.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.34 EPS. On average, analysts expect that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

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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