Northwestern Mutual Wealth Management Co. increased its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 22.1% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,605 shares of the transportation company’s stock after purchasing an additional 471 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Expeditors International of Washington were worth $147,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Forsta AP Fonden grew its stake in Expeditors International of Washington by 20.3% in the second quarter. Forsta AP Fonden now owns 184,331 shares of the transportation company’s stock worth $10,411,000 after purchasing an additional 31,100 shares in the last quarter. Prudential Financial Inc. grew its stake in Expeditors International of Washington by 18.7% in the first quarter. Prudential Financial Inc. now owns 312,793 shares of the transportation company’s stock worth $17,669,000 after purchasing an additional 49,240 shares in the last quarter. LS Investment Advisors LLC grew its stake in Expeditors International of Washington by 8.5% in the second quarter. LS Investment Advisors LLC now owns 30,418 shares of the transportation company’s stock worth $1,718,000 after purchasing an additional 2,391 shares in the last quarter. Weiss Multi Strategy Advisers LLC acquired a new position in Expeditors International of Washington in the first quarter worth about $1,937,000. Finally, Commonwealth Bank of Australia grew its stake in Expeditors International of Washington by 2.3% in the second quarter. Commonwealth Bank of Australia now owns 2,865,201 shares of the transportation company’s stock worth $161,824,000 after purchasing an additional 65,353 shares in the last quarter. Institutional investors and hedge funds own 93.47% of the company’s stock.

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Expeditors International of Washington, Inc. (EXPD) opened at 57.99 on Thursday. Expeditors International of Washington, Inc. has a one year low of $47.23 and a one year high of $59.90. The firm has a 50-day moving average of $56.45 and a 200-day moving average of $56.00. The company has a market cap of $10.48 billion, a PE ratio of 25.10 and a beta of 0.66.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, August 8th. The transportation company reported $0.60 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.60. The business had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Expeditors International of Washington had a net margin of 6.54% and a return on equity of 22.03%. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.63 earnings per share. On average, analysts predict that Expeditors International of Washington, Inc. will post $2.32 EPS for the current year.

EXPD has been the subject of a number of research reports. Seaport Global Securities reiterated a “neutral” rating on shares of Expeditors International of Washington in a research note on Thursday, July 6th. Morgan Stanley reiterated an “equal weight” rating on shares of Expeditors International of Washington in a research note on Tuesday, July 11th. BidaskClub upgraded Expeditors International of Washington from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Zacks Investment Research upgraded Expeditors International of Washington from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, Cowen and Company reiterated a “market perform” rating and issued a $54.00 price target (down from $55.00) on shares of Expeditors International of Washington in a research note on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $55.50.

Expeditors International of Washington Company Profile

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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