8,330 Shares in Expeditors International of Washington, Inc. $EXPD Acquired by Front Street Capital Management Inc.

Front Street Capital Management Inc. bought a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,330 shares of the transportation company’s stock, valued at approximately $1,358,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Expeditors International of Washington by 4.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,168 shares of the transportation company’s stock worth $1,944,000 after buying an additional 623 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Expeditors International of Washington by 75.4% during the first quarter. Jones Financial Companies Lllp now owns 2,324 shares of the transportation company’s stock valued at $279,000 after buying an additional 999 shares in the last quarter. Woodline Partners LP grew its holdings in Expeditors International of Washington by 40.7% during the first quarter. Woodline Partners LP now owns 11,826 shares of the transportation company’s stock worth $1,422,000 after acquiring an additional 3,420 shares during the period. Focus Partners Wealth grew its holdings in Expeditors International of Washington by 33.9% during the first quarter. Focus Partners Wealth now owns 5,227 shares of the transportation company’s stock worth $628,000 after acquiring an additional 1,324 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in Expeditors International of Washington by 29.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,113 shares of the transportation company’s stock worth $127,000 after acquiring an additional 255 shares in the last quarter. 94.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. UBS Group raised their price objective on shares of Expeditors International of Washington from $191.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. TD Cowen boosted their target price on shares of Expeditors International of Washington from $148.00 to $176.00 and gave the stock a “sell” rating in a report on Wednesday, August 5th. Stephens raised shares of Expeditors International of Washington to a “strong-buy” rating in a research note on Wednesday, July 8th. Truist Financial raised their target price on shares of Expeditors International of Washington from $145.00 to $175.00 and gave the stock a “hold” rating in a report on Wednesday, July 15th. Finally, Citizens Jmp began coverage on shares of Expeditors International of Washington in a report on Wednesday, July 15th. They set a “market perform” rating for the company. Two equities research 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $168.78.

Expeditors International of Washington Trading Up 0.1%

NASDAQ EXPD opened at $187.92 on Tuesday. Expeditors International of Washington, Inc. has a 1 year low of $112.94 and a 1 year high of $189.99. The company has a market cap of $24.43 billion, a PE ratio of 32.85, a PEG ratio of 5.00 and a beta of 1.04. The stock’s 50-day moving average price is $173.50 and its two-hundred day moving average price is $158.90.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, August 4th. The transportation company reported $2.03 earnings per share for the quarter, topping the consensus estimate 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%. During the same period in the prior year, the company earned $1.34 EPS. The business’s revenue was up 32.1% on a year-over-year basis. Research analysts forecast that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal 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.