Caisse de depot et placement du Quebec Purchases Shares of 1,041,018 Expeditors International of Washington, Inc. $EXPD

Caisse de depot et placement du Quebec acquired a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,041,018 shares of the transportation company's stock, valued at approximately $169,665,000. Caisse de depot et placement du Quebec owned about 0.80% of Expeditors International of Washington at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Elyxium Wealth LLC bought a new stake in Expeditors International of Washington in the fourth quarter worth $28,000. DV Equities LLC purchased a new position in shares of Expeditors International of Washington in the 4th quarter worth $28,000. Nalls Sherbakoff Group LLC purchased a new position in shares of Expeditors International of Washington in 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 about $32,000. Finally, Hara Capital LLC purchased a new stake in shares of Expeditors International of Washington during the 2nd quarter valued at about $33,000. 94.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on EXPD shares. TD Cowen upped their price objective on Expeditors International of Washington from $148.00 to $176.00 and gave the company a "sell" rating in a research report on Wednesday, August 5th. Barclays boosted their target price on shares of Expeditors International of Washington from $150.00 to $160.00 and gave the company an "underweight" rating in a research note on Wednesday, August 5th. Susquehanna increased their price target on Expeditors International of Washington from $142.00 to $156.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 6th. Citizens Jmp initiated coverage on shares of Expeditors International of Washington in a research note on Wednesday, July 15th. They issued a "market perform" rating for the company. Finally, Bank of America raised their target price on shares of Expeditors International of Washington from $181.00 to $189.00 and gave the company a "buy" rating in a research report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $168.78.

Expeditors International of Washington Stock Performance

Shares of EXPD stock opened at $190.27 on Thursday. Expeditors International of Washington, Inc. has a fifty-two week low of $112.94 and a fifty-two week high of $191.79. The firm has a market capitalization of $24.73 billion, a PE ratio of 33.26, a P/E/G ratio of 5.00 and a beta of 1.04. The stock's 50-day simple moving average is $174.59 and its 200-day simple moving average is $159.26.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last issued its 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 return on equity of 36.16% and a net margin of 7.64%.During the same period last year, the company earned $1.34 EPS. The company's revenue was up 32.1% compared to the same quarter last year. Sell-side analysts forecast that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Expeditors International of Washington 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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