JLB & Associates Inc. Takes $17.41 Million Position in Expeditors International of Washington, Inc. $EXPD

Key Points

• JLB & Associates acquired 106,830 shares of Expeditors International of Washington worth approximately $17.41 million, representing about 2.3% of its portfolio and 0.08% of EXPD.
• Institutional ownership remains high at 94.02%, while analyst sentiment is mixed: MarketBeat reports a consensus “Hold” rating and an average price target of $168.78.
• Expeditors reported quarterly EPS of $2.03, beating estimates of $1.69, with revenue up 32.1% year over year. Shares opened at $186.08, near their 52-week high of $189.99.

JLB & Associates Inc. bought a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 106,830 shares of the transportation company's stock, valued at approximately $17,411,000. Expeditors International of Washington makes up approximately 2.3% of JLB & Associates Inc.'s portfolio, making the stock its 17th biggest position. JLB & Associates Inc. owned approximately 0.08% of Expeditors International of Washington as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EXPD. Swedbank AB boosted its stake in shares of Expeditors International of Washington by 153.5% during the 4th quarter. Swedbank AB now owns 29,678 shares of the transportation company's stock valued at $4,422,000 after purchasing an additional 17,969 shares in the last quarter. Arjuna Capital raised its stake in Expeditors International of Washington by 37.0% in the fourth quarter. Arjuna Capital now owns 23,940 shares of the transportation company's stock worth $3,567,000 after buying an additional 6,471 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Expeditors International of Washington by 128.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 70,509 shares of the transportation company's stock worth $10,507,000 after buying an additional 39,658 shares during the period. Forsta AP Fonden lifted its holdings in Expeditors International of Washington by 81.4% in the fourth quarter. Forsta AP Fonden now owns 89,600 shares of the transportation company's stock worth $13,351,000 after buying an additional 40,200 shares during the period. Finally, Eurizon Capital SGR S.p.A. bought a new stake in Expeditors International of Washington during the 4th quarter valued at approximately $32,004,000. Hedge funds and other institutional investors own 94.02% of the company's stock.

Wall Street Analyst Weigh In

EXPD has been the topic of a number of research analyst reports. UBS Group upped their target price on Expeditors International of Washington from $191.00 to $210.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Barclays raised their target price on 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 upped their price target on Expeditors International of Washington from $142.00 to $156.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 6th. Zacks Research upgraded Expeditors International of Washington from a "hold" rating to a "strong-buy" rating in a report on Thursday, May 7th. Finally, Truist Financial raised their price objective on Expeditors International of Washington from $145.00 to $175.00 and gave the company a "hold" rating in a research report on Wednesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $168.78.

Expeditors International of Washington Stock Performance

Shares of EXPD opened at $186.08 on Wednesday. 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 $171.75 and its two-hundred day simple moving average is $158.19. The stock has a market cap of $24.19 billion, a PE ratio of 32.53, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last released its earnings results on Tuesday, August 4th. The transportation company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. During the same quarter last year, the business earned $1.34 earnings per share. The firm's revenue for the quarter was up 32.1% compared to the same quarter last year. Equities research analysts predict that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

About Expeditors International of Washington

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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