Manning & Napier Advisors LLC Makes New $541,000 Investment in Expeditors International of Washington, Inc. $EXPD

Manning & Napier Advisors LLC purchased a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD – Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 3,319 shares of the transportation company’s stock, valued at approximately $541,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Elyxium Wealth LLC bought a new position in shares of Expeditors International of Washington during the fourth quarter worth about $28,000. DV Equities LLC bought a new stake in Expeditors International of Washington in the fourth quarter valued at approximately $28,000. Nalls Sherbakoff Group LLC bought a new stake in Expeditors International of Washington in the fourth quarter valued at approximately $30,000. Bard Associates Inc. acquired a new stake in Expeditors International of Washington during the 4th quarter valued at approximately $32,000. Finally, Hara Capital LLC acquired a new stake in Expeditors International of Washington during the 2nd quarter valued at approximately $33,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

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Expeditors International of Washington Stock Up 0.6%

Expeditors International of Washington stock opened at $188.90 on Wednesday. The company has a market capitalization of $24.55 billion, a PE ratio of 33.02, 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’s fifty day moving average is $174.00 and its 200 day moving average is $159.07.

Expeditors International of Washington (NASDAQ:EXPD – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.03 EPS 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%. During the same period in the previous year, the business earned $1.34 earnings per share. Expeditors International of Washington’s quarterly revenue was up 32.1% on a year-over-year basis. Sell-side analysts expect that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have issued reports on EXPD. Zacks Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Barclays increased their price objective on shares of Expeditors International of Washington from $150.00 to $160.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 5th. Stephens upgraded shares of Expeditors International of Washington to a “strong-buy” rating in a report on Wednesday, July 8th. Susquehanna upped their price target on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Finally, TD Cowen lifted their price objective on Expeditors International of Washington from $148.00 to $176.00 and gave the stock a “sell” rating in a research report on Wednesday, August 5th. Two research 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 given a Sell rating to the company. According to MarketBeat.com, Expeditors International of Washington currently has an average rating of “Hold” and a consensus price target of $168.78.

Get Our Latest Stock Report on EXPD

Expeditors International of Washington Company Profile

(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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