B. Metzler seel. Sohn & Co. AG Takes $2.21 Million Position in Expeditors International of Washington, Inc. $EXPD

Key Points

• B. Metzler seel. Sohn & Co. AG acquired 13,548 shares of Expeditors International of Washington in the second quarter, valued at approximately $2.21 million. Institutional investors collectively own 94.02% of the company.
• Analyst sentiment remains mixed, with a consensus rating of “Hold” and an average price target of $168.78, despite upgrades from Zacks Research, JPMorgan, and Stephens.
• Expeditors reported quarterly EPS of $2.03, beating estimates of $1.69, while revenue increased 32.1% year over year. Shares opened at $187.83, near their 12-month high of $189.99.

B. Metzler seel. Sohn & Co. AG bought a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,548 shares of the transportation company's stock, valued at approximately $2,208,000.

A number of other institutional investors have also recently bought and sold shares of the business. Rossby Financial LCC increased its holdings in Expeditors International of Washington by 9.3% in the 4th quarter. Rossby Financial LCC now owns 938 shares of the transportation company's stock valued at $140,000 after buying an additional 80 shares during the period. Claro Advisors Inc. lifted its holdings in shares of Expeditors International of Washington by 5.0% during the 4th quarter. Claro Advisors Inc. now owns 1,743 shares of the transportation company's stock worth $260,000 after acquiring an additional 83 shares during the period. Hardy Reed LLC boosted its position in shares of Expeditors International of Washington by 2.8% during the 4th quarter. Hardy Reed LLC now owns 3,513 shares of the transportation company's stock valued at $523,000 after acquiring an additional 95 shares in the last quarter. Meeder Advisory Services Inc. boosted its position in shares of Expeditors International of Washington by 5.4% during the 4th quarter. Meeder Advisory Services Inc. now owns 1,874 shares of the transportation company's stock valued at $279,000 after acquiring an additional 96 shares in the last quarter. Finally, Nicollet Investment Management Inc. increased its stake in Expeditors International of Washington by 0.9% in the fourth quarter. Nicollet Investment Management Inc. now owns 11,115 shares of the transportation company's stock valued at $1,656,000 after acquiring an additional 98 shares during the period. Institutional investors and hedge funds own 94.02% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on EXPD shares. Zacks Research raised shares of Expeditors International of Washington from a "hold" rating to a "strong-buy" rating in a research report on Thursday, May 7th. JPMorgan Chase & Co. upgraded Expeditors International of Washington from an "underweight" rating to a "neutral" rating and set a $200.00 price objective on the stock in a research note on Wednesday, August 5th. Stifel Nicolaus upped their price objective on Expeditors International of Washington from $154.00 to $158.00 and gave the company a "hold" rating in a research note on Wednesday, July 15th. Citizens Jmp started coverage on Expeditors International of Washington in a report on Wednesday, July 15th. They issued a "market perform" rating for the company. Finally, Stephens upgraded Expeditors International of Washington to a "strong-buy" rating in a research report on Wednesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $168.78.

Expeditors International of Washington Stock Up 0.8%

Shares of Expeditors International of Washington stock opened at $187.83 on Friday. Expeditors International of Washington, Inc. has a 12-month low of $112.94 and a 12-month high of $189.99. The stock has a market capitalization of $24.42 billion, a P/E ratio of 32.84, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04. The company has a 50-day simple moving average of $173.01 and a 200 day simple 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 EPS for the quarter, beating analysts' consensus estimates 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%. The business's revenue for the quarter was up 32.1% compared to the same quarter last year. During the same period last year, the firm earned $1.34 EPS. On average, equities analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Expeditors International of Washington Company Profile

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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