Swiss Life Asset Management Ltd Increases Holdings in Expeditors International of Washington, Inc. $EXPD

Key Points

• Swiss Life Asset Management Ltd boosted its stake in Expeditors by 146.3% in Q3, adding 55,920 shares to hold 94,143 shares (about 0.07% of the company) valued at roughly $11.54 million.
• Overall institutional ownership is very high at 94.02%, with other notable moves including Jacobs Levy's 586,216‑share position (~$71.86 million) and new or increased stakes from CIBC, Danske and others.
• EXPD trades near $146 with a P/E of 25.6; the company reported $1.49 EPS (beating estimates) while revenue fell 3.3% YoY, and analysts carry an average rating of "Reduce" with a $134.30 average price target.

Swiss Life Asset Management Ltd increased its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 146.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 94,143 shares of the transportation company's stock after acquiring an additional 55,920 shares during the period. Swiss Life Asset Management Ltd owned approximately 0.07% of Expeditors International of Washington worth $11,541,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of EXPD. CIBC Bancorp USA Inc. acquired a new stake in Expeditors International of Washington in the third quarter valued at $3,087,000. Coldstream Capital Management Inc. raised its stake in shares of Expeditors International of Washington by 0.9% during the 3rd quarter. Coldstream Capital Management Inc. now owns 27,991 shares of the transportation company's stock worth $3,431,000 after buying an additional 257 shares during the last quarter. Danske Bank A S purchased a new stake in shares of Expeditors International of Washington in the 3rd quarter worth about $7,644,000. Advisory Services Network LLC boosted its position in shares of Expeditors International of Washington by 2.6% in the 3rd quarter. Advisory Services Network LLC now owns 19,135 shares of the transportation company's stock worth $2,346,000 after buying an additional 486 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its stake in Expeditors International of Washington by 8.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 586,216 shares of the transportation company's stock valued at $71,864,000 after acquiring an additional 44,703 shares during the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Trading Down 0.7%

Shares of EXPD opened at $146.23 on Friday. The stock's fifty day simple moving average is $152.93 and its 200 day simple moving average is $141.00. Expeditors International of Washington, Inc. has a twelve month low of $100.47 and a twelve month high of $167.19. The firm has a market capitalization of $19.52 billion, a P/E ratio of 25.57, a price-to-earnings-growth ratio of 5.00 and a beta of 1.15.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last posted its earnings results on Tuesday, February 24th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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%. During the same quarter in the prior year, the firm posted $1.68 earnings per share. The business's quarterly revenue was down 3.3% compared to the same quarter last year. Sell-side analysts predict that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Analysts Set New Price Targets

EXPD has been the subject of several recent research reports. Bank of America upgraded shares of Expeditors International of Washington from a "neutral" rating to a "buy" rating in a report on Friday, January 9th. JPMorgan Chase & Co. lowered 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 research report on Monday, January 12th. Stifel Nicolaus raised their price objective on shares of Expeditors International of Washington from $130.00 to $136.00 and gave the stock a "hold" rating in a research note on Tuesday, December 16th. Morgan Stanley lifted their price objective on Expeditors International of Washington from $90.00 to $95.00 and gave the stock an "underweight" rating in a research report on Monday, December 8th. Finally, Barclays upped their target price on Expeditors International of Washington from $110.00 to $135.00 and gave the company an "underweight" rating in a research note on Thursday, January 15th. Two equities 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 company. According to data from MarketBeat, the stock has an average rating of "Reduce" and an average price target of $134.30.

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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