AMP Capital Investors Ltd increased its holdings in Expeditors International of Washington (NASDAQ:EXPD) by 51.2% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 76,292 shares of the transportation company’s stock after buying an additional 25,844 shares during the period. AMP Capital Investors Ltd’s holdings in Expeditors International of Washington were worth $5,577,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wells Fargo & Company MN raised its holdings in shares of Expeditors International of Washington by 4.6% in the 1st quarter. Wells Fargo & Company MN now owns 1,270,424 shares of the transportation company’s stock valued at $80,418,000 after acquiring an additional 55,857 shares in the last quarter. Mackay Shields LLC purchased a new stake in shares of Expeditors International of Washington in the 1st quarter valued at about $1,893,000. Victory Capital Management Inc. raised its holdings in shares of Expeditors International of Washington by 4.6% in the 1st quarter. Victory Capital Management Inc. now owns 53,369 shares of the transportation company’s stock valued at $3,378,000 after acquiring an additional 2,353 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of Expeditors International of Washington by 4.0% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 147,511 shares of the transportation company’s stock valued at $9,335,000 after buying an additional 5,728 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of Expeditors International of Washington by 4.2% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 941,212 shares of the transportation company’s stock valued at $59,579,000 after buying an additional 37,586 shares in the last quarter. 92.79% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ EXPD opened at $75.39 on Friday. The stock has a market cap of $13.10 billion, a P/E ratio of 30.40, a PEG ratio of 2.98 and a beta of 0.69. Expeditors International of Washington has a 1-year low of $56.44 and a 1-year high of $78.16.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, August 7th. The transportation company reported $0.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.01. The company had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Expeditors International of Washington had a return on equity of 26.73% and a net margin of 7.50%. research analysts anticipate that Expeditors International of Washington will post 3.15 earnings per share for the current year.

A number of equities analysts recently weighed in on the company. BidaskClub raised Expeditors International of Washington from a “sell” rating to a “hold” rating in a report on Saturday, June 2nd. Robert W. Baird raised their price objective on Expeditors International of Washington from $70.00 to $76.00 and gave the company a “neutral” rating in a report on Monday, June 4th. Credit Suisse Group decreased their price objective on Expeditors International of Washington from $67.00 to $65.00 and set an “underperform” rating on the stock in a report on Wednesday, August 8th. Zacks Investment Research cut Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Friday, August 10th. Finally, Deutsche Bank assumed coverage on Expeditors International of Washington in a report on Tuesday, September 4th. They set a “hold” rating and a $71.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $67.40.

About Expeditors International of Washington

Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, such as ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, cargo insurance, cargo monitoring and tracking, and other logistics solutions.

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

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