Expeditors International of Washington, Inc. (NASDAQ:EXPD) Stake Lessened by Forsta AP Fonden

Forsta AP Fonden decreased its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 8.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,000 shares of the transportation company’s stock after selling 6,500 shares during the period. Forsta AP Fonden’s holdings in Expeditors International of Washington were worth $9,110,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Private Advisor Group LLC lifted its holdings in shares of Expeditors International of Washington by 224.5% in the fourth quarter. Private Advisor Group LLC now owns 3,620 shares of the transportation company’s stock valued at $460,000 after buying an additional 6,528 shares during the period. Principal Securities Inc. bought a new stake in Expeditors International of Washington in the fourth quarter worth about $176,000. Dimensional Fund Advisors LP raised its position in Expeditors International of Washington by 6.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,261,470 shares of the transportation company’s stock worth $160,463,000 after acquiring an additional 72,193 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in Expeditors International of Washington by 16.0% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 2,048 shares of the transportation company’s stock valued at $260,000 after acquiring an additional 283 shares during the last quarter. Finally, Great Lakes Advisors LLC boosted its position in shares of Expeditors International of Washington by 6.3% during the 4th quarter. Great Lakes Advisors LLC now owns 72,214 shares of the transportation company’s stock valued at $9,186,000 after purchasing an additional 4,277 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Bank of America boosted their target price on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Robert W. Baird upped their price target on Expeditors International of Washington from $118.00 to $126.00 and gave the company a “neutral” rating in a report on Wednesday, July 3rd. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. Stifel Nicolaus boosted their target price on Expeditors International of Washington from $112.00 to $114.00 and gave the stock a “hold” rating in a research report on Thursday, May 23rd. Finally, Wolfe Research raised Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a report on Tuesday, May 28th. Two research analysts have rated the stock with a sell rating and ten have issued a hold rating to the stock. According to data from MarketBeat.com, Expeditors International of Washington presently has a consensus rating of “Hold” and an average target price of $116.00.

Expeditors International of Washington Trading Down 0.3 %

NASDAQ:EXPD opened at $120.73 on Friday. The firm has a market capitalization of $17.04 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 5.59 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. The business’s fifty day moving average price is $121.70 and its 200 day moving average price is $120.36.

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