Raymond James & Associates Raises Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Raymond James & Associates raised its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 274,813 shares of the transportation company’s stock after acquiring an additional 6,014 shares during the quarter. Raymond James & Associates’ holdings in Expeditors International of Washington were worth $36,110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Gateway Investment Advisers LLC lifted its stake in shares of 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 valued at $1,042,000 after buying an additional 934 shares in the last quarter. Procyon Advisors LLC lifted its stake in shares of 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 valued at $2,123,000 after buying an additional 1,191 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of 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 valued at $4,619,000 after buying an additional 7,540 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new position in shares of Expeditors International of Washington during the 1st quarter valued at $78,000. Finally, MV Capital Management Inc. lifted its stake in shares of Expeditors International of Washington by 4.2% during 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 in the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on EXPD. Wolfe Research cut shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. Bank of America boosted their price target 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. UBS Group upgraded shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $95.00 to $137.00 in a research note on Thursday, August 1st. TD Cowen cut shares of Expeditors International of Washington from a “hold” rating to a “sell” rating and decreased their price target for the stock from $112.00 to $106.00 in a research note on Monday, October 14th. Finally, Robert W. Baird boosted 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 report on Wednesday, July 3rd. Four analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat.com, Expeditors International of Washington has an average rating of “Hold” and a consensus price target of $115.33.

Expeditors International of Washington Stock Down 0.6 %

Expeditors International of Washington stock opened at $119.50 on Thursday. The company’s 50-day moving average price is $122.86 and its 200-day moving average price is $121.09. Expeditors International of Washington, Inc. has a twelve month low of $107.03 and a twelve month high of $131.59. The company has a market cap of $16.88 billion, a PE ratio of 25.32, a price-to-earnings-growth ratio of 5.51 and a beta of 0.97.

Expeditors International of Washington (NASDAQ:EXPD) last issued 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 for the quarter, compared to the consensus estimate of $2.28 billion. Expeditors International of Washington had a net margin of 7.40% and a return on equity of 29.15%. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.30 earnings per share. As a group, sell-side analysts expect that Expeditors International of Washington, Inc. will post 5.01 earnings per share for the current fiscal 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.