National Pension Service Trims Holdings in Expeditors International of Washington, Inc. $EXPD

National Pension Service lowered its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 11.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 80,564 shares of the transportation company’s stock after selling 10,177 shares during the period. National Pension Service’s holdings in Expeditors International of Washington were worth $13,130,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Elyxium Wealth LLC acquired a new position in Expeditors International of Washington in the fourth quarter valued at $28,000. DV Equities LLC purchased a new position in shares of Expeditors International of Washington during the fourth quarter worth about $28,000. Nalls Sherbakoff Group LLC acquired a new position in Expeditors International of Washington in the 4th quarter valued at about $30,000. Bard Associates Inc. purchased a new stake in Expeditors International of Washington during the 4th quarter valued at approximately $32,000. Finally, Hara Capital LLC acquired a new stake in Expeditors International of Washington during the 2nd quarter worth approximately $33,000. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Price Performance

Shares of EXPD stock opened at $192.65 on Friday. The business’s fifty day moving average price is $180.79 and its 200 day moving average price is $162.18. The firm has a market capitalization of $25.04 billion, a PE ratio of 33.68, a P/E/G ratio of 5.00 and a beta of 1.06. Expeditors International of Washington, Inc. has a 1-year low of $112.94 and a 1-year high of $193.15.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, August 4th. The transportation company reported $2.03 EPS 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 quarter last year, the company posted $1.34 EPS. The firm’s revenue was up 32.1% compared to the same quarter last year. Equities research analysts expect that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on EXPD shares. JPMorgan Chase & Co. raised Expeditors International of Washington from an “underweight” rating to a “neutral” rating and set a $200.00 target price on the stock in a report on Wednesday, August 5th. TD Cowen lifted their price objective on shares of Expeditors International of Washington from $148.00 to $176.00 and gave the company a “sell” rating in a research report on Wednesday, August 5th. Stifel Nicolaus boosted their price objective on shares of Expeditors International of Washington from $154.00 to $158.00 and gave the company a “hold” rating in a research note on Wednesday, July 15th. Barclays raised their target price on shares of Expeditors International of Washington from $150.00 to $160.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 5th. Finally, Stephens raised shares of Expeditors International of Washington to a “strong-buy” rating in a report on Wednesday, July 8th. 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 company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $168.78.

Expeditors International of Washington Profile

Expeditors International of Washington, Inc is a global logistics and supply chain management company headquartered in Seattle, Washington. The company provides transportation and related services that help businesses move goods through international and domestic supply chains.

Its primary services include airfreight and ocean-freight forwarding, customs brokerage, cargo consolidation, warehousing and distribution, order management, and other supply chain solutions. Expeditors also offers technology-enabled shipment visibility and logistics coordination designed to support customers’ import, export, and distribution activities.

Founded in 1979, Expeditors serves a broad range of industries through a network of offices and facilities across North America, Latin America, Europe, the Middle East, Africa, and the Asia-Pacific region.