Baird Financial Group Inc. Acquires 57,823 Shares of Expeditors International of Washington, Inc. $EXPD

Key Points

• Baird Financial Group increased its Expeditors International holdings by 2.7%, adding 57,823 shares to own 2.24 million shares valued at approximately $365 million, or 1.72% of the company.
• Expeditors reported quarterly EPS of $2.03, beating estimates of $1.69, while revenue rose 32.1% year over year. Institutional investors own 94.02% of the stock.
• EXPD shares opened at $186.05, near their 12-month high of $192.28, but analysts maintain a consensus “Hold” rating with an average price target of $168.78.

Baird Financial Group Inc. boosted its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 2.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,239,665 shares of the transportation company's stock after buying an additional 57,823 shares during the period. Baird Financial Group Inc. owned approximately 1.72% of Expeditors International of Washington worth $365,021,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in EXPD. Elyxium Wealth LLC bought a new stake in Expeditors International of Washington during the 4th quarter worth approximately $28,000. DV Equities LLC bought a new position in Expeditors International of Washington during the 4th quarter valued at $28,000. Nalls Sherbakoff Group LLC purchased a new position in Expeditors International of Washington during the 4th quarter worth $30,000. Bard Associates Inc. bought a new stake in shares of Expeditors International of Washington in the 4th quarter worth $32,000. Finally, Hara Capital LLC bought a new stake in shares of Expeditors International of Washington in the 2nd quarter worth $33,000. 94.02% of the stock is owned by institutional investors.

Expeditors International of Washington Stock Down 1.5%

Shares of EXPD stock opened at $186.05 on Wednesday. The firm has a market cap of $24.18 billion, a P/E ratio of 32.53, a PEG ratio of 5.00 and a beta of 1.06. The company has a 50 day moving average of $179.43 and a 200-day moving average of $161.47. Expeditors International of Washington, Inc. has a 12-month low of $112.94 and a 12-month high of $192.28.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.03 EPS for the quarter, beating 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 period in the prior year, the business earned $1.34 EPS. The company's revenue for the quarter was up 32.1% compared to the same quarter last year. As a group, equities analysts expect that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on EXPD shares. JPMorgan Chase & Co. raised 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 report on Wednesday, August 5th. Stifel Nicolaus boosted their target price 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. Barclays increased their price target 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. 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 report on Wednesday, July 15th. Finally, TD Cowen boosted their price objective on Expeditors International of Washington from $148.00 to $176.00 and gave the stock a "sell" rating in a research 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 assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $168.78.

About Expeditors International of Washington

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.

Want to see what other hedge funds are holding EXPD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.