Quantbot Technologies LP Buys Shares of 7,493 Expeditors International of Washington, Inc. $EXPD

Quantbot Technologies LP purchased a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the second quarter, HoldingsChannel.com reports. The firm purchased 7,493 shares of the transportation company’s stock, valued at approximately $1,221,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Swedbank AB increased its stake in shares of Expeditors International of Washington by 153.5% in the 4th 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 last quarter. Arjuna Capital raised its position 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 valued at $3,567,000 after acquiring an additional 6,471 shares during the period. Forsta AP Fonden boosted its stake in 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 acquiring an additional 40,200 shares during the last quarter. Eurizon Capital SGR S.p.A. bought a new position in Expeditors International of Washington during the 4th quarter worth approximately $32,004,000. Finally, PFA Pension Forsikringsaktieselskab acquired a new position in Expeditors International of Washington during the fourth quarter valued at approximately $65,957,000. 94.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EXPD has been the subject of several recent analyst reports. TD Cowen upped their target price on shares of Expeditors International of Washington from $148.00 to $176.00 and gave the company a “sell” rating in a research note on Wednesday, August 5th. Citizens Jmp assumed 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 lifted their target price on Expeditors International of Washington from $191.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Truist Financial boosted their target price on Expeditors International of Washington from $145.00 to $175.00 and gave the company a “hold” rating in a research note on Wednesday, July 15th. Finally, Zacks Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $168.78.

Expeditors International of Washington Stock Up 0.6%

Expeditors International of Washington stock opened at $188.90 on Wednesday. The stock has a market capitalization of $24.55 billion, a PE ratio of 33.02, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04. Expeditors International of Washington, Inc. has a twelve month low of $112.94 and a twelve month high of $189.99. The company has a 50 day moving average of $174.00 and a 200-day moving average of $159.07.

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

Expeditors International of Washington Company 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.