Koshinski Asset Management Inc. Invests $220,000 in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Koshinski Asset Management Inc. bought a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 1,675 shares of the transportation company’s stock, valued at approximately $220,000.

Several other institutional investors have also made changes to their positions in the company. Boston Partners grew its position in Expeditors International of Washington by 2.4% during the first quarter. Boston Partners now owns 2,936,736 shares of the transportation company’s stock valued at $356,923,000 after purchasing an additional 67,800 shares in the last quarter. First Eagle Investment Management LLC grew its position in Expeditors International of Washington by 3.0% during the second quarter. First Eagle Investment Management LLC now owns 2,777,134 shares of the transportation company’s stock valued at $346,559,000 after purchasing an additional 82,107 shares in the last quarter. Wellington Management Group LLP grew its position in Expeditors International of Washington by 4.6% during the fourth quarter. Wellington Management Group LLP now owns 2,622,758 shares of the transportation company’s stock valued at $333,615,000 after purchasing an additional 115,978 shares in the last quarter. Marshfield Associates grew its position in Expeditors International of Washington by 0.3% during the second quarter. Marshfield Associates now owns 1,811,149 shares of the transportation company’s stock valued at $226,013,000 after purchasing an additional 5,712 shares in the last quarter. Finally, ProShare Advisors LLC grew its position in Expeditors International of Washington by 16.8% during the second quarter. ProShare Advisors LLC now owns 1,582,963 shares of the transportation company’s stock valued at $197,538,000 after purchasing an additional 227,671 shares in the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Down 0.6 %

Shares of EXPD opened at $121.32 on Wednesday. The company’s fifty day moving average is $122.66 and its 200-day moving average is $120.98. Expeditors International of Washington, Inc. has a 12 month low of $107.03 and a 12 month high of $131.59. The firm has a market cap of $17.14 billion, a price-to-earnings ratio of 25.70, a price-to-earnings-growth ratio of 5.51 and a beta of 0.97.

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

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. TD Cowen downgraded shares of Expeditors International of Washington from a “hold” rating to a “sell” rating and lowered their price objective for the company from $112.00 to $106.00 in a research report on Monday. Bank of America boosted their price objective on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Robert W. Baird boosted their price objective 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 lowered shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. Finally, Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. Four research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $115.33.

Expeditors International of Washington 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.