Roberts Glore & Co. Inc. IL Acquires Shares of 24,977 Expeditors International of Washington, Inc. $EXPD

Roberts Glore & Co. Inc. IL bought a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 24,977 shares of the transportation company’s stock, valued at approximately $4,071,000. Expeditors International of Washington makes up approximately 1.0% of Roberts Glore & Co. Inc. IL’s holdings, making the stock its 23rd biggest holding.

A number of other institutional investors have also made changes to their positions in EXPD. Elyxium Wealth LLC acquired a new position in Expeditors International of Washington during the 4th quarter worth about $28,000. DV Equities LLC acquired a new stake in Expeditors International of Washington in the 4th quarter valued at about $28,000. Nalls Sherbakoff Group LLC bought a new position in shares of Expeditors International of Washington in the fourth quarter worth about $30,000. Bard Associates Inc. bought a new position in shares of Expeditors International of Washington in the fourth quarter worth about $32,000. Finally, Hara Capital LLC acquired a new position in shares of Expeditors International of Washington during the second quarter worth approximately $33,000. 94.02% of the stock is owned by institutional investors.

Expeditors International of Washington Stock Performance

EXPD opened at $188.90 on Wednesday. The company has a fifty day moving average price of $174.00 and a two-hundred day moving average price of $159.07. The firm has a market capitalization of $24.55 billion, a PE ratio of 33.02, a P/E/G ratio of 5.00 and a beta of 1.04. Expeditors International of Washington, Inc. has a 52 week low of $112.94 and a 52 week high of $189.99.

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on EXPD shares. UBS Group increased their price target on shares of Expeditors International of Washington from $191.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. JPMorgan Chase & Co. upgraded shares of Expeditors International of Washington from an “underweight” rating to a “neutral” rating and set a $200.00 price objective for the company in a research report on Wednesday, August 5th. Citizens Jmp began coverage on Expeditors International of Washington in a research note on Wednesday, July 15th. They issued a “market perform” rating for the company. Susquehanna boosted their target price on Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Finally, Truist Financial raised their price target on Expeditors International of Washington from $145.00 to $175.00 and gave the company a “hold” rating in a report on Wednesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $168.78.

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.