Raymond James & Associates Raises Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Raymond James & Associates boosted its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 274,813 shares of the transportation company’s stock after buying an additional 6,014 shares during the period. Raymond James & Associates owned 0.19% of Expeditors International of Washington worth $36,110,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Blue Trust Inc. lifted its holdings in Expeditors International of Washington by 106.9% in the third quarter. Blue Trust Inc. now owns 2,257 shares of the transportation company’s stock worth $282,000 after buying an additional 1,166 shares during the period. Claro Advisors LLC lifted its holdings in shares of Expeditors International of Washington by 29.4% during the third quarter. Claro Advisors LLC now owns 7,663 shares of the transportation company’s stock valued at $1,007,000 after purchasing an additional 1,741 shares during the last quarter. V Square Quantitative Management LLC lifted its holdings in shares of Expeditors International of Washington by 5.6% during the third quarter. V Square Quantitative Management LLC now owns 3,889 shares of the transportation company’s stock valued at $511,000 after purchasing an additional 207 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Expeditors International of Washington by 1.1% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,031 shares of the transportation company’s stock valued at $2,106,000 after purchasing an additional 180 shares during the last quarter. Finally, Swedbank AB lifted its holdings in shares of Expeditors International of Washington by 1.1% during the third quarter. Swedbank AB now owns 21,910 shares of the transportation company’s stock valued at $2,879,000 after purchasing an additional 231 shares during the last quarter. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington Trading Down 0.6 %

NASDAQ:EXPD opened at $119.50 on Thursday. Expeditors International of Washington, Inc. has a 12 month low of $107.03 and a 12 month high of $131.59. The company has a market cap of $16.88 billion, a PE ratio of 25.32, a price-to-earnings-growth ratio of 5.51 and a beta of 0.97. The company has a 50 day simple moving average of $122.86 and a two-hundred day simple moving average of $121.09.

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 analysts’ consensus estimates of $1.26 by ($0.02). Expeditors International of Washington had a return on equity of 29.15% and a net margin of 7.40%. The company had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same period last year, the firm posted $1.30 EPS. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. Research analysts forecast that Expeditors International of Washington, Inc. will post 5.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on EXPD. Robert W. Baird lifted 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. Wolfe Research lowered shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. UBS Group raised shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and raised their price target for the company from $95.00 to $137.00 in a research report on Thursday, August 1st. Finally, TD Cowen downgraded shares of Expeditors International of Washington from a “hold” rating to a “sell” rating and reduced their price target for the company from $112.00 to $106.00 in a research report on Monday, October 14th. Four investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $115.33.

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.