Evolve Private Wealth LLC Buys Shares of 23,654 Expeditors International of Washington, Inc. $EXPD

Evolve Private Wealth LLC purchased a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 23,654 shares of the transportation company’s stock, valued at approximately $3,855,000.

Several other institutional investors have also modified their holdings of EXPD. Rossby Financial LCC grew its position in Expeditors International of Washington by 9.3% in the 4th quarter. Rossby Financial LCC now owns 938 shares of the transportation company’s stock worth $140,000 after purchasing an additional 80 shares during the last quarter. Claro Advisors Inc. increased its position in Expeditors International of Washington by 5.0% in the 4th quarter. Claro Advisors Inc. now owns 1,743 shares of the transportation company’s stock valued at $260,000 after acquiring an additional 83 shares during the period. Hardy Reed LLC raised its stake in Expeditors International of Washington by 2.8% during the 4th quarter. Hardy Reed LLC now owns 3,513 shares of the transportation company’s stock valued at $523,000 after acquiring an additional 95 shares in the last quarter. Meeder Advisory Services Inc. raised its stake in Expeditors International of Washington by 5.4% during the 4th quarter. Meeder Advisory Services Inc. now owns 1,874 shares of the transportation company’s stock valued at $279,000 after acquiring an additional 96 shares in the last quarter. Finally, Nicollet Investment Management Inc. boosted its position in Expeditors International of Washington by 0.9% during the 4th quarter. Nicollet Investment Management Inc. now owns 11,115 shares of the transportation company’s stock worth $1,656,000 after acquiring an additional 98 shares during the period. Institutional investors own 94.02% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on EXPD. UBS Group raised their price target on Expeditors International of Washington from $191.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Citizens Jmp began coverage on shares of Expeditors International of Washington in a report on Wednesday, July 15th. They issued a “market perform” rating for the company. Barclays increased their target price on shares of Expeditors International of Washington from $150.00 to $160.00 and gave the company an “underweight” rating in a research report on Wednesday, August 5th. Zacks Research raised shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Finally, JPMorgan Chase & Co. upgraded shares of Expeditors International of Washington from an “underweight” rating to a “neutral” rating and set a $200.00 price target on the stock in a research report on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $168.78.

Expeditors International of Washington Stock Up 0.8%

NASDAQ:EXPD opened at $187.83 on Friday. Expeditors International of Washington, Inc. has a 1-year low of $112.94 and a 1-year high of $189.99. The firm has a market capitalization of $24.42 billion, a price-to-earnings ratio of 32.84, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04. The stock has a fifty day simple moving average of $173.01 and a 200 day simple moving average of $158.75.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.34. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. The firm’s revenue was up 32.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.34 earnings per share. Equities analysts predict that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

About Expeditors International of Washington

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.