Expeditors International of Washington, Inc. (NASDAQ:EXPD) Position Increased by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 58.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,561 shares of the transportation company’s stock after acquiring an additional 10,202 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Expeditors International of Washington were worth $3,439,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Black Diamond Financial LLC grew its position in Expeditors International of Washington by 5.4% during the second quarter. Black Diamond Financial LLC now owns 1,748 shares of the transportation company’s stock valued at $218,000 after purchasing an additional 89 shares in the last quarter. Cape ANN Savings Bank raised its stake in shares of Expeditors International of Washington by 2.9% during the 4th quarter. Cape ANN Savings Bank now owns 3,379 shares of the transportation company’s stock worth $427,000 after purchasing an additional 95 shares in the last quarter. SkyOak Wealth LLC raised its stake in shares of Expeditors International of Washington by 3.9% during the 1st quarter. SkyOak Wealth LLC now owns 2,529 shares of the transportation company’s stock worth $307,000 after purchasing an additional 95 shares in the last quarter. Blair William & Co. IL lifted its holdings in shares of Expeditors International of Washington by 1.2% during the 2nd quarter. Blair William & Co. IL now owns 7,776 shares of the transportation company’s stock valued at $970,000 after buying an additional 95 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in shares of Expeditors International of Washington by 0.5% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 22,827 shares of the transportation company’s stock valued at $2,775,000 after buying an additional 106 shares in the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. UBS Group upgraded shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and lifted their target price for the company from $95.00 to $137.00 in a research note on Thursday, August 1st. Robert W. Baird lifted their price objective on shares of 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 target price on Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Finally, Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. Two analysts have rated the stock with a sell rating and ten have given a hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $116.00.

Expeditors International of Washington Trading Up 0.9 %

EXPD opened at $128.87 on Friday. Expeditors International of Washington, Inc. has a 1-year low of $107.03 and a 1-year high of $131.17. The business has a 50 day moving average of $122.71 and a 200-day moving average of $120.72. The stock has a market capitalization of $18.19 billion, a price-to-earnings ratio of 27.30, 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 results on Tuesday, August 6th. The transportation company reported $1.24 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.02). The firm had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.28 billion. Expeditors International of Washington had a net margin of 7.40% and a return on equity of 29.15%. The company’s revenue was up 8.9% on a year-over-year basis. During the same period last year, the company earned $1.30 EPS. Equities analysts predict that Expeditors International of Washington, Inc. will post 5.01 EPS 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.