Foster & Motley Inc. Makes New $1.34 Million Investment in Expeditors International of Washington, Inc. $EXPD

Key Points

• Foster & Motley initiated a $1.34 million position in Expeditors International of Washington during the second quarter by purchasing 8,218 shares. Institutional investors and hedge funds collectively own 94.02% of the company.
• Analyst sentiment remains mixed, with the stock holding a consensus “Hold” rating and an average price target of $168.78. Price targets range from $158 to $189, alongside ratings spanning Strong Buy to Sell.
• Expeditors reported quarterly EPS of $2.03, beating estimates of $1.69, while revenue increased 32.1% year over year. Shares opened at $186.25, near their 52-week high of $189.99.

Foster & Motley Inc. purchased a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,218 shares of the transportation company's stock, valued at approximately $1,339,000.

Several other hedge funds also recently added to or reduced their stakes in EXPD. JLB & Associates Inc. acquired a new stake in shares of Expeditors International of Washington in the 2nd quarter valued at about $17,411,000. Meeder Advisory Services Inc. acquired a new position in Expeditors International of Washington in the second quarter worth about $309,000. MidFirst Bank bought a new stake in Expeditors International of Washington in the second quarter valued at about $163,000. BlackRock Inc. bought a new stake in Expeditors International of Washington in the second quarter valued at about $2,193,093,000. Finally, Deutsche Bank AG acquired a new stake in Expeditors International of Washington during the second quarter valued at approximately $102,595,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on EXPD. Stifel Nicolaus increased their target price on Expeditors International of Washington from $154.00 to $158.00 and gave the stock a "hold" rating in a report on Wednesday, July 15th. Bank of America upped their price target on 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. Citizens Jmp initiated coverage on shares of Expeditors International of Washington in a report on Wednesday, July 15th. They issued a "market perform" rating for the company. Zacks Research raised shares of Expeditors International of Washington from a "hold" rating to a "strong-buy" rating in a report on Thursday, May 7th. Finally, Barclays boosted their price objective on shares of 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. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $168.78.

Expeditors International of Washington Stock Up 0.2%

Shares of NASDAQ EXPD opened at $186.25 on Thursday. Expeditors International of Washington, Inc. has a fifty-two week low of $112.94 and a fifty-two week high of $189.99. The firm's 50-day simple moving average is $172.19 and its 200 day simple moving average is $158.37. The stock has a market cap of $24.21 billion, a P/E ratio of 32.56, a P/E/G ratio of 5.00 and a beta of 1.04.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last announced its earnings results on Tuesday, August 4th. The transportation company reported $2.03 earnings per share (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 firm's revenue was up 32.1% on a year-over-year basis. During the same period last year, the firm posted $1.34 earnings per share. On average, sell-side analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal 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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