Front Street Capital Management Inc. Invests $1.36 Million in Expeditors International of Washington, Inc. $EXPD

Key Points

• Front Street Capital Management bought 8,330 shares of Expeditors International of Washington in the second quarter, valued at approximately $1.36 million. Institutional investors collectively own 94.02% of the company.
• Analyst sentiment is mixed, with two Strong Buy, two Buy, six Hold, and three Sell ratings; the average rating is Hold with a consensus price target of $168.78.
• Expeditors reported quarterly EPS of $2.03, beating estimates of $1.69, while revenue rose 32.1% year over year. Shares opened at $187.92, near the company’s 52-week high of $189.99.

Front Street Capital Management Inc. purchased a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 8,330 shares of the transportation company's stock, valued at approximately $1,358,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Manning & Napier Advisors LLC purchased a new position in Expeditors International of Washington in the 2nd quarter valued at about $541,000. Aberdeen Wealth Management LLC purchased a new stake in shares of Expeditors International of Washington during the second quarter worth about $307,000. Cibc World Market Inc. purchased a new stake in shares of Expeditors International of Washington during the second quarter worth about $1,418,000. OMERS ADMINISTRATION Corp acquired a new position in shares of Expeditors International of Washington in the second quarter worth about $3,937,000. Finally, Osmosis Investment Management UK Ltd acquired a new position in shares of Expeditors International of Washington in the second quarter worth about $449,000. Institutional investors and hedge funds own 94.02% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on EXPD. Zacks Research upgraded Expeditors International of Washington from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 7th. UBS Group upped their target price on Expeditors International of Washington from $191.00 to $210.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. Truist Financial increased their target price on Expeditors International of Washington from $145.00 to $175.00 and gave the company a "hold" rating in a research note on Wednesday, July 15th. Bank of America raised their price target on shares of Expeditors International of Washington from $181.00 to $189.00 and gave the stock a "buy" rating in a research report on Tuesday, July 21st. Finally, Susquehanna increased their price objective on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the company a "neutral" rating in a research note on Wednesday, May 6th. 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 given a Sell rating to the company's stock. Based on data from MarketBeat.com, Expeditors International of Washington has an average rating of "Hold" and an average price target of $168.78.

Expeditors International of Washington Stock Up 0.1%

Shares of NASDAQ:EXPD opened at $187.92 on Tuesday. The company has a market cap of $24.43 billion, a PE ratio of 32.85, a P/E/G ratio of 5.00 and a beta of 1.04. 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 has a 50-day simple moving average of $173.50 and a 200 day simple moving average of $158.90.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last posted 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 return on equity of 36.16% and a net margin of 7.64%.Expeditors International of Washington's revenue for the quarter was up 32.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.34 EPS. As a group, research analysts forecast that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

Expeditors International of Washington Company 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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