Blue Trust Inc. Purchases 1,166 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Blue Trust Inc. increased its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 106.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,257 shares of the transportation company’s stock after buying an additional 1,166 shares during the quarter. Blue Trust Inc.’s holdings in Expeditors International of Washington were worth $282,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Boston Partners grew its stake in Expeditors International of Washington by 2.4% in the first quarter. Boston Partners now owns 2,936,736 shares of the transportation company’s stock worth $356,923,000 after purchasing an additional 67,800 shares during the period. First Eagle Investment Management LLC lifted its holdings in shares of Expeditors International of Washington by 3.0% during the second quarter. First Eagle Investment Management LLC now owns 2,777,134 shares of the transportation company’s stock valued at $346,559,000 after purchasing an additional 82,107 shares in the last quarter. Marshfield Associates lifted its holdings in Expeditors International of Washington by 0.3% in the second quarter. Marshfield Associates now owns 1,811,149 shares of the transportation company’s stock valued at $226,013,000 after acquiring an additional 5,712 shares during the period. ProShare Advisors LLC lifted its holdings in Expeditors International of Washington by 16.8% in the second quarter. ProShare Advisors LLC now owns 1,582,963 shares of the transportation company’s stock valued at $197,538,000 after acquiring an additional 227,671 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Expeditors International of Washington by 7.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,278,815 shares of the transportation company’s stock valued at $159,595,000 after acquiring an additional 85,393 shares during the period. Institutional investors own 94.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on EXPD. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. UBS Group raised Expeditors International of Washington from a “sell” rating to a “neutral” rating and raised their price target for the stock from $95.00 to $137.00 in a research note on Thursday, August 1st. Robert W. Baird raised their price target on 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. Wolfe Research downgraded Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Finally, TD Cowen downgraded Expeditors International of Washington from a “hold” rating to a “sell” rating and reduced their price objective for the stock from $112.00 to $106.00 in a report on Monday, October 14th. Four analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $115.33.

Expeditors International of Washington Stock Performance

Shares of EXPD stock opened at $119.54 on Friday. The stock’s 50-day moving average is $122.87 and its two-hundred day moving average is $121.07. The firm has a market cap of $16.89 billion, a price-to-earnings ratio of 25.33, a PEG ratio of 5.51 and a beta of 0.97. Expeditors International of Washington, Inc. has a 1 year low of $107.03 and a 1 year high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last announced 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 business had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same period in the prior year, the firm posted $1.30 EPS. Expeditors International of Washington’s revenue for the quarter was up 8.9% compared to the same quarter last year. As a group, research analysts predict that Expeditors International of Washington, Inc. will post 5.01 EPS for the current year.

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.