Fidelis Capital Partners LLC Grows Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Fidelis Capital Partners LLC grew its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 5.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,282 shares of the transportation company’s stock after acquiring an additional 116 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Expeditors International of Washington were worth $267,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Boston Partners lifted its position in Expeditors International of Washington by 2.4% during the first quarter. Boston Partners now owns 2,936,736 shares of the transportation company’s stock valued at $356,923,000 after purchasing an additional 67,800 shares during the last quarter. First Eagle Investment Management LLC lifted its holdings in shares of Expeditors International of Washington by 3.0% during the 2nd quarter. First Eagle Investment Management LLC now owns 2,777,134 shares of the transportation company’s stock worth $346,559,000 after acquiring an additional 82,107 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Expeditors International of Washington by 4.6% during the 4th quarter. Wellington Management Group LLP now owns 2,622,758 shares of the transportation company’s stock worth $333,615,000 after acquiring an additional 115,978 shares during the last quarter. Baird Financial Group Inc. grew its position in Expeditors International of Washington by 1.3% in the fourth quarter. Baird Financial Group Inc. now owns 1,609,789 shares of the transportation company’s stock worth $204,765,000 after acquiring an additional 20,272 shares in the last quarter. Finally, First Trust Advisors LP increased its stake 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. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Up 1.9 %

NASDAQ:EXPD opened at $125.49 on Tuesday. The firm has a market capitalization of $17.73 billion, a P/E ratio of 26.59, a P/E/G ratio of 5.59 and a beta of 0.97. The company has a fifty day moving average of $122.13 and a 200 day moving average of $120.52. Expeditors International of Washington, Inc. has a 52 week low of $107.03 and a 52 week high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate 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 was up 8.9% on a year-over-year basis. During the same period last year, the company posted $1.30 earnings per share. As a group, analysts anticipate that Expeditors International of Washington, Inc. will post 5.01 EPS for the current year.

Analysts Set New Price Targets

EXPD has been the subject of several research analyst reports. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. Wolfe Research raised Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, May 28th. Bank of America increased their price target on shares of 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. UBS Group upgraded shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $95.00 to $137.00 in a report on Thursday, August 1st. Finally, Robert W. Baird increased their target price on shares of Expeditors International of Washington from $118.00 to $126.00 and gave the company a “neutral” rating in a report on Wednesday, July 3rd. Two research analysts have rated the stock with a sell rating and ten have given a hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average 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.