Scientech Research LLC Makes New $1.51 Million Investment in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Scientech Research LLC bought a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 12,072 shares of the transportation company’s stock, valued at approximately $1,506,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Black Diamond Financial LLC boosted 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 worth $218,000 after purchasing an additional 89 shares during the period. Cape ANN Savings Bank boosted its position in Expeditors International of Washington by 2.9% during the fourth 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 during the period. SkyOak Wealth LLC boosted its position in Expeditors International of Washington by 3.9% during the first quarter. SkyOak Wealth LLC now owns 2,529 shares of the transportation company’s stock worth $307,000 after purchasing an additional 95 shares during the period. Blair William & Co. IL boosted its position in Expeditors International of Washington by 1.2% during the second quarter. Blair William & Co. IL now owns 7,776 shares of the transportation company’s stock worth $970,000 after purchasing an additional 95 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in Expeditors International of Washington by 0.5% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 22,827 shares of the transportation company’s stock worth $2,775,000 after purchasing an additional 106 shares during the period. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Trading Up 0.5 %

Shares of NASDAQ EXPD opened at $127.65 on Friday. The business has a fifty day simple moving average of $122.54 and a 200 day simple moving average of $120.66. The firm has a market capitalization of $18.02 billion, a price-to-earnings ratio of 27.04, a PEG ratio of 5.71 and a beta of 0.97. Expeditors International of Washington, Inc. has a one year low of $107.03 and a one year high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, August 6th. The transportation company reported $1.24 EPS for the quarter, missing analysts’ consensus estimates 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 business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.30 earnings per share. On average, research analysts anticipate that Expeditors International of Washington, Inc. will post 5.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on EXPD shares. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Bank of America increased their price objective on Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. UBS Group raised Expeditors International of Washington from a “sell” rating to a “neutral” rating and increased their price objective for the company from $95.00 to $137.00 in a research report on Thursday, August 1st. Finally, 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. Two research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. Based on data from MarketBeat, Expeditors International of Washington has a consensus rating of “Hold” and an average price target of $116.00.

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.