Commerce Bank Purchases New Stake in Expeditors International of Washington, Inc. $EXPD

Commerce Bank purchased a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 18,859 shares of the transportation company’s stock, valued at approximately $3,074,000.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. upgraded Expeditors International of Washington from an “underweight” rating to a “neutral” rating and set a $200.00 price target for the company in a research note on Wednesday, August 5th. Stephens upgraded Expeditors International of Washington to a “strong-buy” rating in a report on Wednesday, July 8th. Zacks Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Stifel Nicolaus lifted their target price on Expeditors International of Washington from $154.00 to $158.00 and gave the company a “hold” rating in a research report on Wednesday, July 15th. Finally, Barclays upped their price target on Expeditors International of Washington from $150.00 to $160.00 and gave the stock an “underweight” rating in a report on Wednesday, August 5th. Two 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $168.78.

Expeditors International of Washington Price Performance

EXPD opened at $187.92 on Tuesday. Expeditors International of Washington, Inc. has a fifty-two week low of $112.94 and a fifty-two week high of $189.99. The firm has a market capitalization of $24.43 billion, a P/E ratio of 32.85, a PEG ratio of 5.00 and a beta of 1.04. The company’s 50-day moving average is $173.50 and its 200 day moving average is $158.90.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. The firm’s revenue was up 32.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.34 earnings per share. On average, equities research analysts expect that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Expeditors International of Washington Profile

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.