Marshfield Associates Has $226.01 Million Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Marshfield Associates raised its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,811,149 shares of the transportation company’s stock after purchasing an additional 5,712 shares during the period. Expeditors International of Washington makes up about 5.0% of Marshfield Associates’ investment portfolio, making the stock its 11th biggest holding. Marshfield Associates owned about 1.28% of Expeditors International of Washington worth $226,013,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EXPD. Boston Partners increased its position in shares of Expeditors International of Washington by 2.4% in the 1st quarter. Boston Partners now owns 2,936,736 shares of the transportation company’s stock valued at $356,923,000 after buying an additional 67,800 shares in the last quarter. First Eagle Investment Management LLC raised its position 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 worth $346,559,000 after purchasing an additional 82,107 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Expeditors International of Washington by 4.6% during the 4th quarter. Wellington Management Group LLP now owns 2,622,758 shares of the transportation company’s stock valued at $333,615,000 after purchasing an additional 115,978 shares in the last quarter. Baird Financial Group Inc. grew its position in shares of Expeditors International of Washington by 1.3% in the 4th quarter. Baird Financial Group Inc. now owns 1,609,789 shares of the transportation company’s stock valued at $204,765,000 after purchasing an additional 20,272 shares during the period. Finally, First Trust Advisors LP increased its stake in Expeditors International of Washington by 580.8% during the 4th quarter. First Trust Advisors LP now owns 1,584,361 shares of the transportation company’s stock worth $201,531,000 after purchasing an additional 1,351,630 shares in the last quarter. 94.02% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on EXPD. Bank of America lifted their price target on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. UBS Group upgraded Expeditors International of Washington from a “sell” rating to a “neutral” rating and increased their target price for the stock from $95.00 to $137.00 in a report on Thursday, August 1st. Finally, Robert W. Baird boosted their price target on Expeditors International of Washington from $118.00 to $126.00 and gave the company a “neutral” rating in a report on Wednesday, July 3rd. Two research analysts have rated the stock with a sell rating and ten have given a hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $116.00.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock opened at $127.65 on Friday. The firm has a 50-day moving average of $122.54 and a 200-day moving average of $120.66. The company has a market cap of $18.02 billion, a price-to-earnings ratio of 27.04, a P/E/G 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 released its quarterly earnings data on Tuesday, August 6th. The transportation company reported $1.24 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $2.28 billion. During the same period in the previous year, the company posted $1.30 EPS. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. As a group, sell-side analysts expect that Expeditors International of Washington, Inc. will post 5.01 earnings per share for the current year.

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.