Victory Capital Management Inc. Increases Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Victory Capital Management Inc. lifted its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 13.5% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 311,298 shares of the transportation company’s stock after buying an additional 36,907 shares during the quarter. Victory Capital Management Inc.’s holdings in Expeditors International of Washington were worth $38,847,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Cape ANN Savings Bank lifted its holdings in shares of Expeditors International of Washington by 2.9% in the 4th quarter. Cape ANN Savings Bank now owns 3,379 shares of the transportation company’s stock valued at $427,000 after acquiring an additional 95 shares during the last quarter. SkyOak Wealth LLC raised its stake in Expeditors International of Washington by 3.9% in the first quarter. SkyOak Wealth LLC now owns 2,529 shares of the transportation company’s stock worth $307,000 after buying an additional 95 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in shares of Expeditors International of Washington by 0.5% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 22,827 shares of the transportation company’s stock worth $2,775,000 after purchasing an additional 106 shares during the last quarter. Values First Advisors Inc. boosted its holdings in shares of Expeditors International of Washington by 0.7% in the 2nd quarter. Values First Advisors Inc. now owns 16,582 shares of the transportation company’s stock valued at $2,069,000 after buying an additional 112 shares in the last quarter. Finally, Czech National Bank boosted its position in shares of Expeditors International of Washington by 0.5% in the 1st quarter. Czech National Bank now owns 25,581 shares of the transportation company’s stock worth $3,110,000 after purchasing an additional 117 shares in the last quarter. Institutional investors own 94.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on EXPD. Stifel Nicolaus boosted their price objective on shares of Expeditors International of Washington from $112.00 to $114.00 and gave the company a “hold” rating in a report on Thursday, May 23rd. Robert W. Baird increased their target price on shares of Expeditors International of Washington from $118.00 to $126.00 and gave the company a “neutral” rating in a research report on Wednesday, July 3rd. Wolfe Research raised shares of Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, May 28th. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Finally, BNP Paribas upgraded shares of Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $112.00 price objective on the stock in a report on Tuesday, May 14th. Two equities research analysts have rated the stock with a sell rating and ten have given a hold rating to the company. Based on data from MarketBeat.com, Expeditors International of Washington presently has an average rating of “Hold” and an average target price of $116.00.

Insider Buying and Selling

In other Expeditors International of Washington news, Director Mark A. Emmert sold 8,100 shares of Expeditors International of Washington stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $123.67, for a total transaction of $1,001,727.00. Following the transaction, the director now owns 14,085 shares of the company’s stock, valued at $1,741,891.95. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.69% of the stock is owned by company insiders.

Expeditors International of Washington Stock Performance

Shares of EXPD opened at $122.46 on Tuesday. The stock has a 50-day simple moving average of $121.81 and a 200-day simple moving average of $120.31. The stock has a market capitalization of $17.28 billion, a PE ratio of 25.94, a PEG ratio of 5.50 and a beta of 0.97. Expeditors International of Washington, Inc. has a 1 year low of $107.03 and a 1 year high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, August 6th. The transportation company reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.02). The business had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.28 billion. Expeditors International of Washington had a return on equity of 29.15% and a net margin of 7.40%. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period last year, the firm earned $1.30 earnings per share. Analysts predict that Expeditors International of Washington, Inc. will post 5.01 EPS for the current year.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.