Dimensional Fund Advisors LP Purchases 85,393 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Dimensional Fund Advisors LP lifted its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 7.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,278,815 shares of the transportation company’s stock after buying an additional 85,393 shares during the quarter. Dimensional Fund Advisors LP owned about 0.91% of Expeditors International of Washington worth $159,595,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in EXPD. Crewe Advisors LLC bought a new stake in Expeditors International of Washington during the first quarter worth approximately $25,000. Optiver Holding B.V. acquired a new position in Expeditors International of Washington during the fourth quarter valued at approximately $27,000. Innealta Capital LLC acquired a new position in Expeditors International of Washington during the second quarter valued at approximately $31,000. Family Firm Inc. acquired a new position in Expeditors International of Washington during the second quarter valued at approximately $35,000. Finally, ORG Partners LLC grew its holdings in Expeditors International of Washington by 752.0% during the first quarter. ORG Partners LLC now owns 426 shares of the transportation company’s stock valued at $51,000 after purchasing an additional 376 shares during the last quarter. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Price Performance

Shares of EXPD stock opened at $123.25 on Friday. The stock has a market cap of $17.41 billion, a P/E ratio of 26.31, a price-to-earnings-growth ratio of 5.59 and a beta of 0.97. Expeditors International of Washington, Inc. has a one year low of $107.03 and a one year high of $131.17. The stock has a fifty day moving average price of $121.94 and a 200 day moving average price of $120.47.

Expeditors International of Washington (NASDAQ:EXPD) last issued its 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 firm had revenue of $2.44 billion during 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%. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period last year, the business earned $1.30 earnings per share. Equities research analysts anticipate that Expeditors International of Washington, Inc. will post 5.01 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on EXPD shares. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. UBS Group upgraded Expeditors International of Washington from a “sell” rating to a “neutral” rating and increased their price target for the company from $95.00 to $137.00 in a report on Thursday, August 1st. Robert W. Baird increased 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. Bank of America increased their price objective on 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. Finally, Wolfe Research raised 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 given a hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $116.00.

About Expeditors International of Washington

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.