Perpetual Ltd acquired a new stake in 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 institutional investor acquired 20,699 shares of the transportation company’s stock, valued at approximately $1,169,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EXPD. Mosaic Family Wealth LLC increased its position in shares of Expeditors International of Washington by 3.8% in the 2nd quarter. Mosaic Family Wealth LLC now owns 2,536 shares of the transportation company’s stock valued at $143,000 after buying an additional 93 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Expeditors International of Washington by 22.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,605 shares of the transportation company’s stock valued at $147,000 after buying an additional 471 shares in the last quarter. Barings LLC bought a new stake in shares of Expeditors International of Washington in the 1st quarter valued at $210,000. Pacer Advisors Inc. increased its position in shares of Expeditors International of Washington by 8.3% in the 2nd quarter. Pacer Advisors Inc. now owns 3,747 shares of the transportation company’s stock valued at $212,000 after buying an additional 286 shares in the last quarter. Finally, MML Investors Services LLC bought a new stake in shares of Expeditors International of Washington in the 2nd quarter valued at $220,000. Institutional investors and hedge funds own 93.30% of the company’s stock.

Expeditors International of Washington, Inc. (EXPD) traded down 0.44% during trading on Thursday, reaching $58.43. The company’s stock had a trading volume of 83,738 shares. The stock’s 50-day moving average is $58.36 and its 200 day moving average is $56.49. Expeditors International of Washington, Inc. has a 12 month low of $47.23 and a 12 month high of $60.81. The company has a market cap of $10.56 billion, a P/E ratio of 25.29 and a beta of 0.68.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, August 8th. The transportation company reported $0.60 earnings per share for the quarter, meeting the 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 for the quarter, compared to analyst estimates of $1.62 billion. During the same quarter in the prior year, the business earned $0.63 earnings per share. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. On average, equities analysts forecast that Expeditors International of Washington, Inc. will post $2.31 EPS for the current fiscal year.

A number of analysts recently commented on EXPD shares. BidaskClub upgraded shares of Expeditors International of Washington from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Morgan Stanley reiterated an “equal weight” rating on shares of Expeditors International of Washington in a report on Tuesday, July 11th. Zacks Investment Research upgraded Expeditors International of Washington from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Stifel Nicolaus reiterated a “hold” rating and set a $52.00 target price (down previously from $54.00) on shares of Expeditors International of Washington in a report on Friday, August 11th. Finally, Cowen and Company reiterated a “market perform” rating and set a $54.00 target price (down previously from $55.00) on shares of Expeditors International of Washington in a report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $57.00.

COPYRIGHT VIOLATION WARNING: This report was originally published by Daily Political and is the property of of Daily Political. If you are accessing this report on another website, it was copied illegally and republished in violation of U.S. and international copyright and trademark law. The original version of this report can be accessed at https://www.dailypolitical.com/2017/10/19/perpetual-ltd-takes-1-17-million-position-in-expeditors-international-of-washington-inc-expd.html.

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)

Receive News & Ratings for Expeditors International of Washington Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expeditors International of Washington Inc. and related companies with MarketBeat.com's FREE daily email newsletter.