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

Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,031 shares of the transportation company’s stock after buying an additional 180 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Expeditors International of Washington were worth $2,106,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Gateway Investment Advisers LLC lifted its holdings in Expeditors International of Washington by 12.2% during the 1st quarter. Gateway Investment Advisers LLC now owns 8,573 shares of the transportation company’s stock worth $1,042,000 after buying an additional 934 shares in the last quarter. Procyon Advisors LLC grew its stake in Expeditors International of Washington by 7.3% during the 1st quarter. Procyon Advisors LLC now owns 17,467 shares of the transportation company’s stock worth $2,123,000 after purchasing an additional 1,191 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Expeditors International of Washington by 24.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 37,996 shares of the transportation company’s stock worth $4,619,000 after purchasing an additional 7,540 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new stake in Expeditors International of Washington in the 1st quarter valued at about $78,000. Finally, MV Capital Management Inc. boosted its stake in shares of Expeditors International of Washington by 4.2% in the 1st quarter. MV Capital Management Inc. now owns 20,054 shares of the transportation company’s stock valued at $2,438,000 after buying an additional 815 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Stock Down 0.2 %

Shares of NASDAQ EXPD opened at $120.29 on Tuesday. The stock has a market cap of $16.99 billion, a PE ratio of 25.62, a price-to-earnings-growth ratio of 5.51 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 $131.59. The business has a 50-day moving average price of $122.82 and a 200 day moving average price of $121.04.

Expeditors International of Washington (NASDAQ:EXPD) last announced its 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 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 analysts’ expectations of $2.28 billion. During the same quarter last year, the business posted $1.30 earnings per share. The business’s revenue was up 8.9% on a year-over-year basis. Sell-side analysts anticipate that Expeditors International of Washington, Inc. will post 5.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on EXPD shares. TD Cowen cut shares of Expeditors International of Washington from a “hold” rating to a “sell” rating and reduced their target price for the company from $112.00 to $106.00 in a report on Monday, October 14th. Bank of America raised their price objective on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. UBS Group raised Expeditors International of Washington from a “sell” rating to a “neutral” rating and increased their target price for the company from $95.00 to $137.00 in a report on Thursday, August 1st. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Finally, Wolfe Research downgraded Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Four investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Based on data from MarketBeat.com, Expeditors International of Washington presently has a consensus rating of “Hold” and a consensus price target of $115.33.

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.