TD Waterhouse Canada Inc. Makes New $1.64 Million Investment in Expeditors International of Washington, Inc. $EXPD

TD Waterhouse Canada Inc. bought a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 8,749 shares of the transportation company’s stock, valued at approximately $1,642,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in Expeditors International of Washington in the second quarter valued at $2,193,093,000. State Street Corp boosted its stake in Expeditors International of Washington by 1.5% in the second quarter. State Street Corp now owns 7,335,241 shares of the transportation company’s stock valued at $1,195,498,000 after acquiring an additional 109,798 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Expeditors International of Washington by 0.8% during the second quarter. Bank of America Corp DE now owns 2,585,934 shares of the transportation company’s stock worth $421,456,000 after purchasing an additional 21,400 shares during the last quarter. Baird Financial Group Inc. grew its holdings in shares of Expeditors International of Washington by 2.7% during the second quarter. Baird Financial Group Inc. now owns 2,239,665 shares of the transportation company’s stock worth $365,021,000 after purchasing an additional 57,823 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Expeditors International of Washington by 10.0% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,155,313 shares of the transportation company’s stock worth $351,273,000 after purchasing an additional 195,351 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Stock Down 0.6%

Shares of Expeditors International of Washington stock opened at $197.20 on Thursday. Expeditors International of Washington, Inc. has a 52-week low of $116.84 and a 52-week high of $200.66. The company’s 50-day simple moving average is $190.28 and its 200-day simple moving average is $171.76. The firm has a market cap of $25.63 billion, a price-to-earnings ratio of 34.48, a price-to-earnings-growth ratio of 5.00 and a beta of 1.07.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.03 earnings per share for the quarter, topping 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%. Expeditors International of Washington’s quarterly revenue was up 32.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.34 EPS. Equities research analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

Wall Street Analysts Forecast Growth

EXPD has been the topic of a number of research analyst reports. Truist Financial lifted their target price on Expeditors International of Washington from $145.00 to $175.00 and gave the stock a “hold” rating in a research report on Wednesday, July 15th. BNP Paribas Exane began coverage on Expeditors International of Washington in a research report on Wednesday, September 30th. They issued a “neutral” rating and a $180.00 target price for the company. Citizens Jmp initiated coverage on Expeditors International of Washington in a research note on Wednesday, July 15th. They set a “market perform” rating on the stock. UBS Group raised their price target on Expeditors International of Washington from $210.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, October 2nd. Finally, TD Cowen lifted their price target on Expeditors International of Washington from $148.00 to $176.00 and gave the stock a “sell” rating in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Expeditors International of Washington currently has an average rating of “Hold” and a consensus target price of $175.27.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc is a global logistics company headquartered in Seattle, Washington. The company provides freight forwarding, transportation, customs brokerage and supply chain management services for businesses that move goods internationally.

Its services include airfreight and ocean-freight forwarding, customs clearance, warehousing and distribution, cargo insurance, order management, and other logistics solutions. Expeditors coordinates shipments through a worldwide network of offices and service providers, helping customers manage international trade requirements and supply chain operations.

Founded in 1979, Expeditors serves customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.