Dimensional Fund Advisors LP Increases Stake in Expeditors International of Washington, Inc. $EXPD

Key Points

• Dimensional Fund Advisors increased its stake in Expeditors by 2.6% in Q3, buying 37,390 shares to own 1,451,363 shares (about 1.07% of the company) worth roughly $177.9 million.
• Expeditors reported Q results with EPS of $1.49 beating the $1.46 estimate while revenue fell 3.3% year‑over‑year; the company has a market cap of $19.58 billion and a trailing P/E of 25.64.
• Analyst sentiment is mixed with a consensus rating of "Reduce" and a $134.30 target, reflecting 2 Buy, 5 Hold and 4 Sell ratings from covering firms.

Dimensional Fund Advisors LP boosted its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 2.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,451,363 shares of the transportation company's stock after purchasing an additional 37,390 shares during the quarter. Dimensional Fund Advisors LP owned about 1.07% of Expeditors International of Washington worth $177,923,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in EXPD. Vermillion & White Wealth Management Group LLC increased its holdings in shares of Expeditors International of Washington by 82.3% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 268 shares of the transportation company's stock worth $31,000 after buying an additional 121 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new position in Expeditors International of Washington in the second quarter valued at $34,000. CYBER HORNET ETFs LLC purchased a new stake in Expeditors International of Washington during the second quarter valued at about $43,000. Bartlett & CO. Wealth Management LLC purchased a new stake in Expeditors International of Washington during the third quarter valued at about $43,000. Finally, Addison Advisors LLC increased its stake in Expeditors International of Washington by 79.1% during the second quarter. Addison Advisors LLC now owns 385 shares of the transportation company's stock worth $44,000 after acquiring an additional 170 shares during the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Performance

Expeditors International of Washington stock opened at $146.66 on Monday. The stock's 50 day moving average price is $154.94 and its 200 day moving average price is $139.67. The firm has a market capitalization of $19.58 billion, a PE ratio of 25.64, a price-to-earnings-growth ratio of 5.00 and a beta of 1.15. Expeditors International of Washington, Inc. has a one year low of $100.47 and a one year high of $167.19.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last issued its quarterly earnings data on Tuesday, February 24th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.03. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. Expeditors International of Washington's quarterly revenue was down 3.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.68 earnings per share. On average, analysts forecast that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on EXPD shares. Morgan Stanley raised their price objective on Expeditors International of Washington from $90.00 to $95.00 and gave the stock an "underweight" rating in a report on Monday, December 8th. UBS Group raised shares of Expeditors International of Washington from a "neutral" rating to a "buy" rating and increased their target price for the stock from $138.00 to $166.00 in a research report on Monday, November 17th. JPMorgan Chase & Co. cut their price target on shares of Expeditors International of Washington from $134.00 to $132.00 and set an "underweight" rating on the stock in a report on Monday, January 12th. Bank of America upgraded shares of Expeditors International of Washington from a "neutral" rating to a "buy" rating in a research note on Friday, January 9th. Finally, Susquehanna cut their target price on shares of Expeditors International of Washington from $160.00 to $142.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 25th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and four have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Reduce" and a consensus target price of $134.30.

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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