Epoch Investment Partners Inc. Raises Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Epoch Investment Partners Inc. grew its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 3.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 706,988 shares of the transportation company’s stock after purchasing an additional 26,850 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Expeditors International of Washington were worth $88,225,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in EXPD. Crewe Advisors LLC purchased a new position in shares of Expeditors International of Washington during the first quarter worth about $25,000. Optiver Holding B.V. purchased a new position in shares of Expeditors International of Washington during the fourth quarter worth about $27,000. Innealta Capital LLC purchased a new position in shares of Expeditors International of Washington during the second quarter worth about $31,000. Family Firm Inc. purchased a new position in shares of Expeditors International of Washington during the second quarter worth about $35,000. Finally, ORG Partners LLC grew its holdings in shares of Expeditors International of Washington by 752.0% during the first quarter. ORG Partners LLC now owns 426 shares of the transportation company’s stock worth $51,000 after purchasing an additional 376 shares during the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Down 2.0 %

Shares of NASDAQ:EXPD opened at $123.18 on Friday. The company has a market cap of $17.40 billion, a P/E ratio of 26.10, a PEG ratio of 5.59 and a beta of 0.97. 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 50-day moving average price of $122.00 and a 200 day moving average price of $120.50.

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 (EPS) 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 company had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same quarter in the previous year, the business posted $1.30 earnings per share. Expeditors International of Washington’s revenue was up 8.9% on a year-over-year basis. Analysts expect that Expeditors International of Washington, Inc. will post 5.01 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently weighed in on EXPD. 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. Robert W. Baird increased their target price on shares of Expeditors International of Washington from $118.00 to $126.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 3rd. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. UBS Group upgraded shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and increased their target price for the stock from $95.00 to $137.00 in a research note on Thursday, August 1st. Finally, Bank of America increased 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 research note on Monday, July 22nd. Two research analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. According to data from MarketBeat.com, the stock has a consensus 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.