Mitsubishi UFJ Asset Management Co. Ltd. Takes $57.85 Million Position in Expeditors International of Washington, Inc. $EXPD

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPDFree Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 354,930 shares of the transportation company’s stock, valued at approximately $57,846,000. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.27% of Expeditors International of Washington as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Expeditors International of Washington by 733.9% in the third 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 purchasing an additional 1,661,457 shares during the period. Southpoint Capital Advisors LP acquired a new position in shares of Expeditors International of Washington during the 4th quarter worth about $201,164,000. Norges Bank acquired a new position in shares of Expeditors International of Washington during the 4th quarter worth about $180,719,000. Balyasny Asset Management L.P. purchased a new position in Expeditors International of Washington in the 3rd quarter valued at about $113,194,000. Finally, Wellington Management Group LLP lifted its stake 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. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on EXPD. Truist Financial boosted their price objective on Expeditors International of Washington from $145.00 to $175.00 and gave the stock a “hold” rating in a research note on Wednesday, July 15th. Bank of America boosted their price target on 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. Stifel Nicolaus increased their price objective on Expeditors International of Washington from $154.00 to $158.00 and gave the company a “hold” rating in a research note on Wednesday, July 15th. TD Cowen raised their price objective on Expeditors International of Washington from $148.00 to $176.00 and gave the company a “sell” rating in a report on Wednesday, August 5th. Finally, Citizens Jmp assumed coverage on shares of Expeditors International of Washington in a research note on Wednesday, July 15th. They set a “market perform” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $168.78.

Read Our Latest Stock Analysis on Expeditors International of Washington

Expeditors International of Washington Trading Up 0.2%

EXPD stock opened at $186.25 on Thursday. The company has a market cap of $24.21 billion, a price-to-earnings ratio of 32.56, a PEG ratio of 5.00 and a beta of 1.04. Expeditors International of Washington, Inc. has a 12 month low of $112.94 and a 12 month high of $189.99. The firm has a 50-day moving average of $172.19 and a two-hundred day moving average of $158.37.

Expeditors International of Washington (NASDAQ:EXPDGet Free Report) last released its earnings results on Tuesday, August 4th. The transportation company reported $2.03 earnings per share for the quarter, topping 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%. Expeditors International of Washington’s quarterly revenue was up 32.1% on a year-over-year basis. During the same period last year, the business posted $1.34 EPS. As a group, equities analysts forecast that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

About Expeditors International of Washington

(Free Report)

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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Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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