Wealth Enhancement Advisory Services LLC Acquires 11,061 Shares of Expeditors International of Washington, Inc. $EXPD

Wealth Enhancement Advisory Services LLC grew its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 5.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 207,392 shares of the transportation company’s stock after buying an additional 11,061 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Expeditors International of Washington were worth $32,703,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EXPD. Grove Bank & Trust lifted its stake in Expeditors International of Washington by 6,052.6% in the fourth quarter. Grove Bank & Trust now owns 2,338 shares of the transportation company’s stock worth $348,000 after acquiring an additional 2,300 shares during the period. Nordea Investment Management AB increased its position in Expeditors International of Washington by 35.2% during the 4th quarter. Nordea Investment Management AB now owns 875,953 shares of the transportation company’s stock valued at $131,288,000 after purchasing an additional 227,852 shares during the period. Everpar Advisors LLC bought a new position in Expeditors International of Washington in the 4th quarter worth $213,000. Sagespring Wealth Partners LLC raised its holdings in Expeditors International of Washington by 22.8% in the 4th quarter. Sagespring Wealth Partners LLC now owns 2,009 shares of the transportation company’s stock worth $299,000 after purchasing an additional 373 shares in the last quarter. Finally, Park National Corp OH purchased a new stake in shares of Expeditors International of Washington in the 4th quarter worth about $406,000. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Down 4.0%

Shares of EXPD opened at $140.43 on Tuesday. Expeditors International of Washington, Inc. has a twelve month low of $100.47 and a twelve month high of $167.19. The company has a market capitalization of $18.75 billion, a P/E ratio of 24.55, a price-to-earnings-growth ratio of 5.00 and a beta of 1.15. The firm has a 50 day moving average of $152.51 and a 200 day moving average of $141.42.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, February 24th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.03. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.During the same period in the previous year, the firm posted $1.68 EPS. Expeditors International of Washington’s revenue was down 3.3% on a year-over-year basis. On average, sell-side analysts expect that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

Analysts Set New Price Targets

EXPD has been the topic of a number of research reports. Truist Financial cut their target price on shares of Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating on the stock in a research note on Wednesday, February 25th. Morgan Stanley increased their price target on shares of Expeditors International of Washington from $90.00 to $95.00 and gave the stock an “underweight” rating in a research note on Monday, December 8th. Zacks Research cut Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 14th. Stifel Nicolaus upped their target price on Expeditors International of Washington from $130.00 to $136.00 and gave the stock a “hold” rating in a report on Tuesday, December 16th. Finally, Wolfe Research raised Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, Expeditors International of Washington currently has a consensus rating of “Reduce” and an average target price of $134.30.

Expeditors International of Washington 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.