Expeditors International of Washington, Inc. $EXPD Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Key Points

• Zurcher Kantonalbank boosted its stake in Expeditors by 128.5% in Q4, buying an additional 39,658 shares to hold 70,509 shares worth about $10.51 million.
• Institutional ownership is very high at 94.02%, and several large asset managers (State Street, Wellington, UBS AM among others) significantly increased their positions during recent quarters.
• Expeditors has a market cap of about $19.9 billion; it reported Q earnings of $1.49 EPS (beating estimates) but revenue was down 3.3% YoY, and the Wall Street consensus rating is "Reduce" with a $134.30 target price.

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 128.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 70,509 shares of the transportation company's stock after acquiring an additional 39,658 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.05% of Expeditors International of Washington worth $10,507,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. State Street Corp increased its position in Expeditors International of Washington by 5.2% in the 3rd quarter. State Street Corp now owns 7,708,656 shares of the transportation company's stock valued at $945,004,000 after acquiring an additional 377,703 shares during the period. Marshfield Associates grew its position in Expeditors International of Washington by 4.6% in the 3rd quarter. Marshfield Associates now owns 1,942,740 shares of the transportation company's stock valued at $238,161,000 after buying an additional 86,182 shares in the last quarter. Wellington Management Group LLP grew its position in Expeditors International of Washington by 64.1% in the 3rd quarter. Wellington Management Group LLP now owns 1,920,927 shares of the transportation company's stock valued at $235,486,000 after buying an additional 749,993 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Expeditors International of Washington by 733.9% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,887,853 shares of the transportation company's stock valued at $231,432,000 after buying an additional 1,661,457 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Expeditors International of Washington by 2.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,451,363 shares of the transportation company's stock valued at $177,923,000 after buying an additional 37,390 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Stock Performance

Expeditors International of Washington stock opened at $149.78 on Friday. Expeditors International of Washington, Inc. has a 1 year low of $106.00 and a 1 year high of $167.19. The firm has a market cap of $19.92 billion, a price-to-earnings ratio of 26.19, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09. The firm's 50 day moving average price is $145.30 and its two-hundred day moving average price is $144.81.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last released its quarterly earnings results on Tuesday, February 24th. The transportation company reported $1.49 earnings per share for the quarter, beating analysts' consensus estimates of $1.46 by $0.03. 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 business posted $1.68 earnings per share. Expeditors International of Washington's quarterly revenue was down 3.3% on a year-over-year basis. As a group, equities analysts predict that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on EXPD. Bank of America upgraded shares of Expeditors International of Washington from a "neutral" rating to a "buy" rating in a research report on Friday, January 9th. Wolfe Research upgraded Expeditors International of Washington from a "strong sell" rating to a "hold" rating in a research report on Monday, March 9th. Zacks Research cut Expeditors International of Washington from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 14th. JPMorgan Chase & Co. cut their price objective on Expeditors International of Washington from $134.00 to $132.00 and set an "underweight" rating for the company in a report on Monday, January 12th. Finally, Susquehanna lowered their target price on Expeditors International of Washington from $160.00 to $142.00 and set a "neutral" rating on the stock in a report on Wednesday, February 25th. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company 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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