Veritable L.P. grew its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 42.2% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 6,878 shares of the transportation company’s stock after buying an additional 2,040 shares during the period. Veritable L.P.’s holdings in Expeditors International of Washington were worth $388,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Mosaic Family Wealth LLC lifted its position in Expeditors International of Washington by 3.8% in the second quarter. Mosaic Family Wealth LLC now owns 2,536 shares of the transportation company’s stock worth $143,000 after purchasing an additional 93 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in Expeditors International of Washington by 22.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,605 shares of the transportation company’s stock worth $147,000 after buying an additional 471 shares in the last quarter. Van ECK Associates Corp boosted its stake in Expeditors International of Washington by 7.0% during the first quarter. Van ECK Associates Corp now owns 2,960 shares of the transportation company’s stock worth $167,000 after buying an additional 193 shares in the last quarter. Pacer Advisors Inc. boosted its stake in Expeditors International of Washington by 3.0% during the first quarter. Pacer Advisors Inc. now owns 3,461 shares of the transportation company’s stock worth $196,000 after buying an additional 101 shares in the last quarter. Finally, Barings LLC acquired a new stake in Expeditors International of Washington during the first quarter worth $210,000. 93.48% of the stock is owned by institutional investors and hedge funds.

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Expeditors International of Washington, Inc. (NASDAQ:EXPD) opened at 60.24 on Wednesday. Expeditors International of Washington, Inc. has a 1-year low of $47.23 and a 1-year high of $60.43. The firm’s 50-day moving average price is $56.96 and its 200 day moving average price is $56.20. The firm has a market capitalization of $10.89 billion, a price-to-earnings ratio of 26.08 and a beta of 0.68.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, August 8th. The transportation company reported $0.60 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.60. Expeditors International of Washington had a net margin of 6.54% and a return on equity of 22.03%. The firm had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the previous year, the firm posted $0.63 EPS. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. On average, analysts predict that Expeditors International of Washington, Inc. will post $2.31 EPS for the current year.

Several brokerages have issued reports on EXPD. Stifel Nicolaus reissued a “hold” rating and issued a $52.00 price target (down previously from $54.00) on shares of Expeditors International of Washington in a report on Friday, August 11th. Zacks Investment Research raised shares of Expeditors International of Washington from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Cowen and Company reaffirmed a “market perform” rating and set a $54.00 price objective (down from $55.00) on shares of Expeditors International of Washington in a report on Thursday, August 10th. Barclays PLC lifted their target price on shares of Expeditors International of Washington from $58.00 to $63.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Seaport Global Securities reiterated a “neutral” rating on shares of Expeditors International of Washington in a research report on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $57.00.

About Expeditors International of Washington

Expeditors International of Washington, Inc is a logistics company. The Company is a third-party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Company provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.

Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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