NEOS Investment Management LLC lifted its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD – Free Report) by 15.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,904 shares of the transportation company’s stock after acquiring an additional 2,868 shares during the quarter. NEOS Investment Management LLC’s holdings in Expeditors International of Washington were worth $3,570,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of EXPD. Rossby Financial LCC increased its stake in Expeditors International of Washington by 9.3% in the 4th quarter. Rossby Financial LCC now owns 938 shares of the transportation company’s stock worth $140,000 after buying an additional 80 shares during the period. Claro Advisors Inc. boosted its stake in shares of Expeditors International of Washington by 5.0% during the fourth quarter. Claro Advisors Inc. now owns 1,743 shares of the transportation company’s stock valued at $260,000 after purchasing an additional 83 shares in the last quarter. Hardy Reed LLC increased its holdings in shares of Expeditors International of Washington by 2.8% in the 4th quarter. Hardy Reed LLC now owns 3,513 shares of the transportation company’s stock valued at $523,000 after acquiring an additional 95 shares during the period. Meeder Advisory Services Inc. grew its stake in Expeditors International of Washington by 5.4% in the fourth quarter. Meeder Advisory Services Inc. now owns 1,874 shares of the transportation company’s stock valued at $279,000 after purchasing an additional 96 shares during the last quarter. Finally, Nicollet Investment Management Inc. grew its position in shares of Expeditors International of Washington by 0.9% in the 4th quarter. Nicollet Investment Management Inc. now owns 11,115 shares of the transportation company’s stock worth $1,656,000 after buying an additional 98 shares during the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on EXPD shares. JPMorgan Chase & Co. upgraded Expeditors International of Washington from an “underweight” rating to a “neutral” rating and set a $200.00 target price on the stock in a research note on Wednesday, August 5th. Citizens Jmp assumed coverage on shares of Expeditors International of Washington in a research note on Wednesday, July 15th. They issued a “market perform” rating on the stock. UBS Group lifted their price target 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. Stifel Nicolaus lifted their price objective on shares of Expeditors International of Washington from $154.00 to $158.00 and gave the company a “hold” rating in a report on Wednesday, July 15th. Finally, Bank of America boosted their price objective on Expeditors International of Washington from $181.00 to $189.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $168.78.
Expeditors International of Washington Stock Down 0.1%
Shares of EXPD opened at $188.60 on Monday. The stock has a fifty day simple moving average of $178.44 and a two-hundred day simple moving average of $160.92. Expeditors International of Washington, Inc. has a 52-week low of $112.94 and a 52-week high of $192.28. The company has a market capitalization of $24.52 billion, a PE ratio of 32.97, a price-to-earnings-growth ratio of 5.00 and a beta of 1.06.
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 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 period last year, the business posted $1.34 EPS. The firm’s revenue for the quarter was up 32.1% on a year-over-year basis. As a group, equities analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 earnings per share 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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