Mackenzie Financial Corp Has $4.82 Million Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Mackenzie Financial Corp boosted its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 3.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,649 shares of the transportation company’s stock after buying an additional 1,438 shares during the period. Mackenzie Financial Corp’s holdings in Expeditors International of Washington were worth $4,823,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Crewe Advisors LLC acquired a new position in Expeditors International of Washington in the first quarter valued at approximately $25,000. Optiver Holding B.V. acquired a new stake in Expeditors International of Washington in the fourth quarter worth $27,000. Innealta Capital LLC acquired a new stake in Expeditors International of Washington in the second quarter worth $31,000. Family Firm Inc. acquired a new stake in Expeditors International of Washington in the second quarter worth $35,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in Expeditors International of Washington in the second quarter worth $52,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Expeditors International of Washington Trading Down 2.3 %

Expeditors International of Washington stock opened at $128.32 on Wednesday. The company has a market cap of $18.13 billion, a P/E ratio of 27.19, a price-to-earnings-growth ratio of 5.71 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. The company has a fifty day simple moving average of $122.97 and a 200 day simple moving average of $120.86.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results 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). The business had revenue of $2.44 billion during 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 firm’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period last year, the business posted $1.30 EPS. On average, equities research analysts forecast that Expeditors International of Washington, Inc. will post 5.01 EPS for the current 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.