Robeco Institutional Asset Management B.V. grew its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD – Free Report) by 147.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 495,650 shares of the transportation company’s stock after buying an additional 295,238 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.38% of Expeditors International of Washington worth $91,517,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Net Worth Advisory Group increased its holdings in Expeditors International of Washington by 8.7% in the third quarter. Net Worth Advisory Group now owns 1,342 shares of the transportation company’s stock worth $252,000 after buying an additional 107 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Expeditors International of Washington by 3.0% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 18,325 shares of the transportation company’s stock valued at $3,384,000 after acquiring an additional 535 shares during the last quarter. CWA Asset Management Group LLC lifted its stake in Expeditors International of Washington by 13.9% in the third quarter. CWA Asset Management Group LLC now owns 1,679 shares of the transportation company’s stock valued at $310,000 after acquiring an additional 205 shares during the last quarter. SteelPeak Wealth LLC acquired a new stake in Expeditors International of Washington in the third quarter valued at approximately $3,965,000. Finally, IFP Advisors Inc grew its position in Expeditors International of Washington by 215.5% in the third quarter. IFP Advisors Inc now owns 1,808 shares of the transportation company’s stock worth $334,000 after acquiring an additional 1,235 shares in the last quarter. Institutional investors own 94.02% of the company’s stock.
Analyst Ratings Changes
Several brokerages have recently commented on EXPD. UBS Group increased their price target on shares of Expeditors International of Washington from $210.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, October 2nd. Zacks Research downgraded shares of Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Citizens Jmp started coverage on shares of Expeditors International of Washington in a research note on Wednesday, July 15th. They issued a “market perform” rating for the company. Barclays upped their price objective on shares of Expeditors International of Washington from $160.00 to $165.00 and gave the stock an “underweight” rating in a report on Tuesday, September 29th. Finally, Bank of America increased their target price on shares of 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. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Expeditors International of Washington has an average rating of “Hold” and a consensus target price of $175.27.
Check Out Our Latest Stock Report on EXPD
Expeditors International of Washington Stock Down 0.6%
NASDAQ:EXPD opened at $197.20 on Thursday. Expeditors International of Washington, Inc. has a 12 month low of $116.84 and a 12 month high of $200.66. The firm has a market cap of $25.63 billion, a price-to-earnings ratio of 34.48, a P/E/G ratio of 5.00 and a beta of 1.07. The company’s 50 day moving average is $190.28 and its 200-day moving average is $171.76.
Expeditors International of Washington (NASDAQ:EXPD – Get Free Report) last issued its quarterly earnings data 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% compared to the same quarter last year. During the same period in the previous year, the business earned $1.34 earnings per share. Research analysts predict that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.
About Expeditors International of Washington
Expeditors International of Washington, Inc is a global logistics company headquartered in Seattle, Washington. The company provides freight forwarding, transportation, customs brokerage and supply chain management services for businesses that move goods internationally.
Its services include airfreight and ocean-freight forwarding, customs clearance, warehousing and distribution, cargo insurance, order management, and other logistics solutions. Expeditors coordinates shipments through a worldwide network of offices and service providers, helping customers manage international trade requirements and supply chain operations.
Founded in 1979, Expeditors serves customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.
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