Blair William & Co. IL Raises Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Blair William & Co. IL lifted its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,776 shares of the transportation company’s stock after purchasing an additional 95 shares during the period. Blair William & Co. IL’s holdings in Expeditors International of Washington were worth $970,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Crewe Advisors LLC purchased a new position in Expeditors International of Washington in the 1st quarter valued at approximately $25,000. Optiver Holding B.V. purchased a new position in Expeditors International of Washington in the 4th quarter valued at approximately $27,000. Innealta Capital LLC purchased a new position in Expeditors International of Washington in the 2nd quarter valued at approximately $31,000. Family Firm Inc. purchased a new position in Expeditors International of Washington in the 2nd quarter valued at approximately $35,000. Finally, ORG Partners LLC grew its stake in Expeditors International of Washington by 752.0% in the 1st quarter. ORG Partners LLC now owns 426 shares of the transportation company’s stock valued at $51,000 after buying an additional 376 shares in the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

NASDAQ EXPD opened at $128.08 on Wednesday. Expeditors International of Washington, Inc. has a 52-week low of $107.03 and a 52-week high of $131.17. The company has a market capitalization of $18.09 billion, a P/E ratio of 27.14, a P/E/G ratio of 5.59 and a beta of 0.97. The company has a fifty day moving average of $122.26 and a 200-day moving average of $120.57.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, August 6th. The transportation company reported $1.24 earnings per share 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 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 business’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.30 earnings per share. As a group, analysts forecast that Expeditors International of Washington, Inc. will post 5.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

EXPD has been the subject of a number of recent research reports. Wolfe Research upgraded shares of Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, May 28th. UBS Group upgraded shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and boosted their price target for the company from $95.00 to $137.00 in a research report on Thursday, August 1st. Robert W. Baird boosted their price target on shares of 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. Bank of America boosted 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. Finally, Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Two equities research analysts have rated the stock with a sell rating and ten have given a hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price 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.