Johnson Financial Group Inc. Invests $6.44 Million in Expeditors International of Washington, Inc. $EXPD

Johnson Financial Group Inc. acquired a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the second quarter, Holdings Channel reports. The firm acquired 39,495 shares of the transportation company’s stock, valued at approximately $6,437,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Elyxium Wealth LLC purchased a new position in shares of Expeditors International of Washington during the fourth quarter worth approximately $28,000. DV Equities LLC purchased a new stake in shares of Expeditors International of Washington in the fourth quarter valued at approximately $28,000. Nalls Sherbakoff Group LLC purchased a new stake in shares of Expeditors International of Washington in the fourth quarter valued at approximately $30,000. Bard Associates Inc. bought a new position in Expeditors International of Washington in the fourth quarter worth approximately $32,000. Finally, Geneos Wealth Management Inc. grew its stake in Expeditors International of Washington by 132.3% in the fourth quarter. Geneos Wealth Management Inc. now owns 230 shares of the transportation company’s stock worth $34,000 after purchasing an additional 131 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Stock Up 0.2%

Expeditors International of Washington stock opened at $186.25 on Thursday. The business has a fifty day moving average of $172.19 and a two-hundred day moving average of $158.37. The firm has a market cap of $24.21 billion, a P/E ratio of 32.56, a P/E/G 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.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, August 4th. The transportation company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.34. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.During the same quarter in the previous year, the firm posted $1.34 EPS. Expeditors International of Washington’s revenue was up 32.1% compared to the same quarter last year. Equities analysts expect that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on EXPD. TD Cowen lifted their target price on Expeditors International of Washington from $148.00 to $176.00 and gave the company a “sell” rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. upgraded Expeditors International of Washington from an “underweight” rating to a “neutral” rating and set a $200.00 price target on the stock in a research note on Wednesday, August 5th. UBS Group lifted their price objective on Expeditors International of Washington from $191.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Stephens raised shares of Expeditors International of Washington to a “strong-buy” rating in a research note on Wednesday, July 8th. Finally, Zacks Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Expeditors International of Washington currently has an average rating of “Hold” and an average price target of $168.78.

About Expeditors International of Washington

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.