Marquette Asset Management LLC Takes Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Marquette Asset Management LLC bought a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,780 shares of the transportation company’s stock, valued at approximately $234,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EXPD. Swedbank AB bought a new stake in Expeditors International of Washington in the 1st quarter valued at $2,954,000. Banco Santander S.A. lifted its holdings in Expeditors International of Washington by 141.0% during the first quarter. Banco Santander S.A. now owns 89,903 shares of the transportation company’s stock worth $10,930,000 after buying an additional 52,603 shares during the period. Magnetar Financial LLC bought a new stake in Expeditors International of Washington during the first quarter valued at about $1,305,000. Assenagon Asset Management S.A. grew its position in shares of Expeditors International of Washington by 62.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 182,816 shares of the transportation company’s stock worth $22,814,000 after buying an additional 70,329 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in Expeditors International of Washington by 8.3% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 115,854 shares of the transportation company’s stock worth $13,326,000 after purchasing an additional 8,917 shares during the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Bank of America increased their price target on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. UBS Group raised shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and raised their price target for the stock from $95.00 to $137.00 in a research note on Thursday, August 1st. Robert W. Baird lifted their price target on Expeditors International of Washington from $118.00 to $126.00 and gave the stock a “neutral” rating in a report on Wednesday, July 3rd. Finally, Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $116.00.

Expeditors International of Washington Price Performance

Shares of NASDAQ:EXPD opened at $121.43 on Wednesday. Expeditors International of Washington, Inc. has a 12 month low of $107.03 and a 12 month high of $131.59. The business has a 50-day moving average of $122.72 and a two-hundred day moving average of $120.95. The firm has a market capitalization of $17.15 billion, a PE ratio of 25.73, a P/E/G ratio of 5.71 and a beta of 0.97.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, August 6th. The transportation company reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.02). Expeditors International of Washington had a net margin of 7.40% and a return on equity of 29.15%. The firm had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same period in the previous year, the company earned $1.30 earnings per share. The business’s quarterly revenue was up 8.9% on a year-over-year basis. As a group, research analysts anticipate that Expeditors International of Washington, Inc. will post 5.01 earnings per share for the current year.

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.