Benjamin F. Edwards & Company Inc. Raises Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Benjamin F. Edwards & Company Inc. lifted its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,105 shares of the transportation company’s stock after purchasing an additional 711 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Expeditors International of Washington were worth $7,625,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Crewe Advisors LLC bought a new stake in shares of Expeditors International of Washington during the 1st quarter valued at about $25,000. Optiver Holding B.V. purchased a new stake in Expeditors International of Washington during the fourth quarter valued at approximately $27,000. Innealta Capital LLC bought a new position in Expeditors International of Washington in the second quarter worth approximately $31,000. Family Firm Inc. purchased a new position in shares of Expeditors International of Washington during the 2nd quarter worth $35,000. Finally, ORG Partners LLC grew its position in shares of Expeditors International of Washington by 752.0% during the 1st quarter. ORG Partners LLC now owns 426 shares of the transportation company’s stock valued at $51,000 after acquiring an additional 376 shares during the period. 94.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on EXPD. Robert W. Baird lifted their target price on 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. UBS Group raised Expeditors International of Washington from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $95.00 to $137.00 in a research report on Thursday, August 1st. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. Bank of America raised 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 research note on Monday, July 22nd. Finally, Wolfe Research upgraded shares of Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, May 28th. Two investment analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. According to MarketBeat.com, Expeditors International of Washington presently has a consensus rating of “Hold” and an average price target of $116.00.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock opened at $123.25 on Friday. Expeditors International of Washington, Inc. has a 1 year low of $107.03 and a 1 year high of $131.17. The firm’s 50 day moving average price is $121.94 and its 200-day moving average price is $120.47. The stock has a market cap of $17.41 billion, a P/E ratio of 26.11, a PEG ratio of 5.59 and a beta of 0.97.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, August 6th. The transportation company reported $1.24 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.02). The company had revenue of $2.44 billion during 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 revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.30 EPS. As a group, equities analysts expect 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.