Sumitomo Mitsui DS Asset Management Company Ltd Raises Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 8.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 15,851 shares of the transportation company’s stock after acquiring an additional 1,232 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Expeditors International of Washington were worth $1,978,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. 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 0.3% in the 1st quarter. First Eagle Investment Management LLC now owns 2,695,027 shares of the transportation company’s stock valued at $327,634,000 after acquiring an additional 8,282 shares during the last quarter. Wellington Management Group LLP grew its position in Expeditors International of Washington by 4.6% in the fourth 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 in the last quarter. Baird Financial Group Inc. increased its stake in Expeditors International of Washington by 1.3% during 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 during the last quarter. Finally, First Trust Advisors LP raised its position in Expeditors International of Washington by 580.8% during 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 purchasing an additional 1,351,630 shares during the period. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock opened at $123.41 on Friday. The stock has a market cap of $17.43 billion, a price-to-earnings ratio of 26.15, a price-to-earnings-growth ratio of 5.39 and a beta of 0.98. The firm has a 50-day moving average of $122.11 and a two-hundred day moving average of $120.29. Expeditors International of Washington, Inc. has a 1 year low of $107.03 and a 1 year high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, August 6th. The transportation company reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.02). The firm 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 7.81% and a return on equity of 28.89%. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.30 EPS. Research analysts expect that Expeditors International of Washington, Inc. will post 4.99 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Mark A. Emmert sold 8,100 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $123.67, for a total transaction of $1,001,727.00. Following the transaction, the director now owns 14,085 shares in the company, valued at $1,741,891.95. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on EXPD. Robert W. Baird boosted their target price on 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. UBS Group upgraded shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $95.00 to $137.00 in a research report on Thursday, August 1st. Bank of America raised their target price 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. Wolfe Research upgraded shares of Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a report on Tuesday, May 28th. Finally, Susquehanna raised their price objective on shares of Expeditors International of Washington from $112.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 8th. Two equities research analysts have rated the stock with a sell rating and ten have given a hold rating to the company. According to data from MarketBeat, the stock presently has an average 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.