Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Purchased by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. boosted its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 3.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 706,988 shares of the transportation company’s stock after acquiring an additional 26,850 shares during the period. Epoch Investment Partners Inc. owned 0.50% of Expeditors International of Washington worth $88,225,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in EXPD. First Trust Advisors LP lifted its holdings in Expeditors International of Washington by 580.8% in the fourth quarter. First Trust Advisors LP now owns 1,584,361 shares of the transportation company’s stock valued at $201,531,000 after acquiring an additional 1,351,630 shares during the last quarter. Norges Bank acquired a new position in Expeditors International of Washington in the fourth quarter valued at approximately $74,763,000. TD Asset Management Inc lifted its stake in Expeditors International of Washington by 51.9% during the fourth quarter. TD Asset Management Inc now owns 867,160 shares of the transportation company’s stock worth $110,303,000 after purchasing an additional 296,186 shares in the last quarter. ProShare Advisors LLC lifted its stake 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 worth $197,538,000 after purchasing an additional 227,671 shares in the last quarter. Finally, Confluence Investment Management LLC acquired a new position in Expeditors International of Washington during the first quarter worth $23,178,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on the company. Robert W. Baird upped their price target on Expeditors International of Washington from $118.00 to $126.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 3rd. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. UBS Group upgraded Expeditors International of Washington from a “sell” rating to a “neutral” rating and upped their price target for the stock from $95.00 to $137.00 in a research note on Thursday, August 1st. Bank of America upped their price target on 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 Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, May 28th. Two analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $116.00.

Expeditors International of Washington Trading Down 2.0 %

Shares of NASDAQ EXPD opened at $123.18 on Friday. The stock has a market cap of $17.40 billion, a P/E ratio of 26.10, a PEG ratio of 5.59 and a beta of 0.97. The business’s fifty day simple moving average is $122.00 and its 200-day simple moving average is $120.50. Expeditors International of Washington, Inc. has a 12-month low of $107.03 and a 12-month 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 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.02). The business had revenue of $2.44 billion during 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 quarterly revenue was up 8.9% compared to the same quarter last year. During the same period last year, the company earned $1.30 EPS. On average, equities analysts forecast that Expeditors International of Washington, Inc. will post 5.01 EPS for the current fiscal year.

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.