Expeditors International of Washington (NASDAQ:EXPD) Sets New 52-Week High at $131.43

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $131.43 and last traded at $131.42, with a volume of 112050 shares trading hands. The stock had previously closed at $128.93.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. UBS Group upgraded Expeditors International of Washington from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $95.00 to $137.00 in a research note on Thursday, August 1st. Robert W. Baird increased their price objective 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. Bank of America boosted 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 report on Monday, July 22nd. Finally, Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Two investment analysts have rated the stock with a sell rating and ten have given a hold rating to the stock. According to data from MarketBeat.com, Expeditors International of Washington currently has an average rating of “Hold” and an average price target of $116.00.

Expeditors International of Washington Stock Performance

The firm has a market capitalization of $18.50 billion, a price-to-earnings ratio of 27.32, a price-to-earnings-growth ratio of 5.71 and a beta of 0.97. The firm’s 50-day moving average price is $122.71 and its two-hundred day moving average price is $120.71.

Expeditors International of Washington (NASDAQ:EXPD) last released 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 company had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same period in the previous year, the firm posted $1.30 earnings per share. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Expeditors International of Washington, Inc. will post 5.01 EPS for the current year.

Institutional Investors Weigh In On Expeditors International of Washington

Several large investors have recently made changes to their positions in EXPD. Prudential PLC grew its stake in Expeditors International of Washington by 80.5% during the fourth quarter. Prudential PLC now owns 88,169 shares of the transportation company’s stock worth $11,215,000 after buying an additional 39,321 shares during the last quarter. Swedbank AB acquired a new stake in Expeditors International of Washington during the 1st quarter valued at $2,954,000. Banco Santander S.A. raised its position in Expeditors International of Washington by 141.0% in the 1st quarter. Banco Santander S.A. now owns 89,903 shares of the transportation company’s stock valued at $10,930,000 after purchasing an additional 52,603 shares during the last quarter. Magnetar Financial LLC acquired a new position in Expeditors International of Washington in the first quarter worth $1,305,000. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Expeditors International of Washington by 62.5% during the second quarter. Assenagon Asset Management S.A. now owns 182,816 shares of the transportation company’s stock worth $22,814,000 after purchasing an additional 70,329 shares during the last quarter. Institutional investors own 94.02% of the company’s stock.

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.