Nykredit A S Makes New $4.14 Million Investment in Expeditors International of Washington, Inc. $EXPD

Nykredit A S acquired a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 25,382 shares of the transportation company’s stock, valued at approximately $4,137,000.

A number of other hedge funds have also modified their holdings of the stock. Swedbank AB lifted its holdings in shares of Expeditors International of Washington by 153.5% during the fourth quarter. Swedbank AB now owns 29,678 shares of the transportation company’s stock valued at $4,422,000 after acquiring an additional 17,969 shares during the period. Arjuna Capital grew its holdings in shares of Expeditors International of Washington by 37.0% in the 4th quarter. Arjuna Capital now owns 23,940 shares of the transportation company’s stock worth $3,567,000 after purchasing an additional 6,471 shares during the last quarter. Forsta AP Fonden increased its position in shares of Expeditors International of Washington by 81.4% during the 4th quarter. Forsta AP Fonden now owns 89,600 shares of the transportation company’s stock worth $13,351,000 after purchasing an additional 40,200 shares in the last quarter. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Expeditors International of Washington during the 4th quarter worth about $32,004,000. Finally, Kentucky Retirement Systems increased its position in shares of Expeditors International of Washington by 97.2% during the 1st quarter. Kentucky Retirement Systems now owns 16,973 shares of the transportation company’s stock worth $2,431,000 after purchasing an additional 8,367 shares in the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on EXPD shares. Truist Financial boosted their price target on shares of Expeditors International of Washington from $145.00 to $175.00 and gave the company a “hold” rating in a research report on Wednesday, July 15th. Stifel Nicolaus raised their price objective on shares of Expeditors International of Washington from $154.00 to $158.00 and gave the stock a “hold” rating in a report on Wednesday, July 15th. Citizens Jmp began coverage on Expeditors International of Washington in a report on Wednesday, July 15th. They issued a “market perform” rating on the stock. TD Cowen increased 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. Finally, Stephens raised Expeditors International of Washington to a “strong-buy” rating in a report on Wednesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued 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, the stock currently has an average rating of “Hold” and a consensus target price of $168.78.

Expeditors International of Washington Stock Down 0.1%

Shares of NASDAQ EXPD opened at $188.60 on Monday. Expeditors International of Washington, Inc. has a 12-month low of $112.94 and a 12-month high of $192.28. The firm’s 50-day simple moving average is $178.44 and its 200 day simple moving average is $160.92. The company has a market cap of $24.52 billion, a price-to-earnings ratio of 32.97, a price-to-earnings-growth ratio of 5.00 and a beta of 1.06.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.03 earnings per share for the quarter, beating 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 previous year, the firm posted $1.34 earnings per share. The firm’s quarterly revenue was up 32.1% on a year-over-year basis. On average, equities analysts expect 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.