Expeditors International of Washington (NASDAQ:EXPD) Shares... - Jonathan Cartu - Moving & Transportation Services
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Expeditors International of Washington (NASDAQ:EXPD) Shares…

Expeditors International of Washington (NASDAQ:EXPD) Shares…


Banco Santander S.A. lifted its stake in Expeditors International of Washington (NASDAQ:EXPD) by 14.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,770 shares of the transportation company’s stock after acquiring an additional 4,140 shares during the period. Banco Santander S.A.’s holdings in Expeditors International of Washington were worth $2,478,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Bridges Investment Management Inc. raised its holdings in shares of Expeditors International of Washington by 1.3% in the 2nd quarter. Bridges Investment Management Inc. now owns 20,554 shares of the transportation company’s stock worth $1,559,000 after purchasing an additional 259 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Expeditors International of Washington by 11.2% during the second quarter. Janus Henderson Group PLC now owns 576,234 shares of the transportation company’s stock valued at $43,713,000 after acquiring an additional 57,910 shares during the period. LS Investment Advisors LLC raised its holdings in shares of Expeditors International of Washington by 22.3% during the second quarter. LS Investment Advisors LLC now owns 8,700 shares of the transportation company’s stock valued at $660,000 after acquiring an additional 1,585 shares during the period. Commerce Bank raised its holdings in shares of Expeditors International of Washington by 16.3% during the second quarter. Commerce Bank now owns 5,234 shares of the transportation company’s stock valued at $397,000 after acquiring an additional 733 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Expeditors International of Washington by 509.9% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 46,050 shares of the transportation company’s stock valued at $3,493,000 after acquiring an additional 38,500 shares during the period. 92.98% of the stock is owned by institutional investors.

A number of research firms have recently issued reports on EXPD. Seaport Global Securities restated a “neutral” rating on shares of Expeditors International of Washington in a report on Friday, May 17th. BidaskClub upgraded shares of Expeditors International of Washington from a “sell” rating to a “hold” rating in a report on Tuesday, July 23rd. Loop Capital began coverage on shares of Expeditors International of Washington in a report on Thursday, May 30th. They set a “hold” rating and a $78.00 price target on the stock. Zacks Investment Research upgraded shares of Expeditors International of Washington from a “sell” rating to a “hold” rating and set a $77.00 price target on the stock in a report on Friday, August 9th. Finally, UBS Group set a $67.00 price target on shares of Expeditors International of Washington and gave the company a “sell” rating in a report on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $73.00.

EXPD stock opened at $70.65 on Thursday. Expeditors International of Washington has a 52-week low of $62.90 and a 52-week high of $80.69. The company’s 50 day simple moving average is $72.88 and its 200-day simple moving average is $74.66. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.12 and a quick ratio of 2.12. The firm has a market capitalization of $12.06 billion, a P/E ratio of 20.30 and a beta of 0.90.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, August 6th. The transportation company reported $0.88 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.08. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.07 billion. Expeditors International of Washington had a net margin of 7.57% and a return on equity of 31.26%. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.79 EPS. Sell-side analysts predict that Expeditors International of Washington will post 3.53 EPS for the current fiscal year.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. 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, 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, and other logistics solutions.

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Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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