Benjamin F. Edwards & Company Inc. Boosts Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.2% during the second quarter, Holdings Channel.com reports. The firm owned 61,105 shares of the transportation company’s stock after acquiring an additional 711 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Expeditors International of Washington were worth $7,625,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the business. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Expeditors International of Washington by 16.0% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 2,048 shares of the transportation company’s stock valued at $260,000 after purchasing an additional 283 shares during the last quarter. Norges Bank bought a new stake in Expeditors International of Washington in the fourth quarter worth $74,763,000. UBS Group AG boosted its stake in Expeditors International of Washington by 66.7% during the fourth quarter. UBS Group AG now owns 437,456 shares of the transportation company’s stock worth $55,644,000 after buying an additional 175,111 shares during the period. Wells Fargo & Company MN increased its position in Expeditors International of Washington by 0.4% during the fourth quarter. Wells Fargo & Company MN now owns 233,538 shares of the transportation company’s stock valued at $29,706,000 after acquiring an additional 1,044 shares during the last quarter. Finally, Corient Private Wealth LLC raised its stake in shares of Expeditors International of Washington by 0.8% in the fourth quarter. Corient Private Wealth LLC now owns 21,201 shares of the transportation company’s stock valued at $2,697,000 after acquiring an additional 158 shares during the period. Institutional investors own 94.02% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on EXPD. UBS Group raised shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $95.00 to $137.00 in a research note on Thursday, August 1st. Robert W. Baird upped their target price on Expeditors International of Washington from $118.00 to $126.00 and gave the company a “neutral” rating in a research note on Wednesday, July 3rd. Bank of America raised their price target on Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Finally, Wolfe Research upgraded Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, May 28th. Two analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $116.00.

Expeditors International of Washington Trading Down 1.9 %

Shares of EXPD stock opened at $123.25 on Friday. Expeditors International of Washington, Inc. has a twelve month low of $107.03 and a twelve month high of $131.17. The stock has a fifty day simple moving average of $121.94 and a two-hundred day simple moving average of $120.47. The stock has a market capitalization of $17.41 billion, a price-to-earnings ratio of 26.11, a P/E/G ratio of 5.59 and a beta of 0.97.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, August 6th. The transportation company reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the previous year, the company earned $1.30 earnings per share. The firm’s revenue was up 8.9% on a year-over-year basis. Research analysts predict that Expeditors International of Washington, Inc. will post 5.01 EPS for the current fiscal year.

Expeditors International of Washington 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.