American Century Companies Inc. Buys 24,114 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

American Century Companies Inc. raised its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 13.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 208,181 shares of the transportation company’s stock after acquiring an additional 24,114 shares during the period. American Century Companies Inc. owned approximately 0.15% of Expeditors International of Washington worth $25,979,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Prudential PLC grew its holdings in Expeditors International of Washington by 80.5% in the 4th quarter. Prudential PLC now owns 88,169 shares of the transportation company’s stock valued at $11,215,000 after buying an additional 39,321 shares in the last quarter. Swedbank AB acquired a new stake in Expeditors International of Washington in the 1st quarter worth about $2,954,000. Trexquant Investment LP bought a new stake in Expeditors International of Washington in the 4th quarter valued at about $5,468,000. Banco Santander S.A. increased its holdings in shares of Expeditors International of Washington by 141.0% during the first quarter. Banco Santander S.A. now owns 89,903 shares of the transportation company’s stock worth $10,930,000 after purchasing an additional 52,603 shares during the period. Finally, Magnetar Financial LLC acquired a new stake in shares of Expeditors International of Washington in the first quarter valued at approximately $1,305,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Trading Down 0.3 %

Shares of Expeditors International of Washington stock opened at $123.33 on Thursday. The firm’s 50 day moving average is $121.83 and its 200 day moving average is $120.41. The firm has a market capitalization of $17.42 billion, a PE ratio of 26.13, a price-to-earnings-growth 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.

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

Analyst Ratings Changes

A number of equities research analysts recently issued reports on EXPD shares. Wolfe Research raised Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, May 28th. Bank of America raised their price target on Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Robert W. Baird upped their price objective on shares of Expeditors International of Washington from $118.00 to $126.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 3rd. UBS Group raised shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and raised their target price for the company from $95.00 to $137.00 in a report on Thursday, August 1st. Finally, Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Two equities research analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. According to MarketBeat.com, Expeditors International of Washington currently has an average rating of “Hold” and a consensus target price of $116.00.

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.