Expeditors International of Washington (NASDAQ:EXPD) Issues Quarterly Earnings Results

Expeditors International of Washington (NASDAQ:EXPD) posted its quarterly earnings data on Tuesday. The transportation company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.03, Briefing.com reports. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. During the same quarter in the prior year, the company posted $1.68 earnings per share. The business’s quarterly revenue was down 3.3% on a year-over-year basis.

Expeditors International of Washington Price Performance

NASDAQ:EXPD opened at $149.36 on Tuesday. The business’s 50-day moving average is $156.14 and its two-hundred day moving average is $138.08. The firm has a market capitalization of $20.02 billion, a PE ratio of 26.11, a price-to-earnings-growth ratio of 5.00 and a beta of 1.13. Expeditors International of Washington has a 12 month low of $100.47 and a 12 month high of $167.19.

Analysts Set New Price Targets

A number of research firms recently issued reports on EXPD. Zacks Research downgraded shares of Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 14th. Stifel Nicolaus lifted their price target on shares of Expeditors International of Washington from $130.00 to $136.00 and gave the company a “hold” rating in a report on Tuesday, December 16th. Bank of America upgraded Expeditors International of Washington from a “neutral” rating to a “buy” rating in a report on Friday, January 9th. UBS Group upgraded Expeditors International of Washington from a “neutral” rating to a “buy” rating and lifted their target price for the company from $138.00 to $166.00 in a report on Monday, November 17th. Finally, TD Cowen upped their price target on Expeditors International of Washington from $111.00 to $131.00 and gave the stock a “sell” rating in a research note on Wednesday, November 5th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $134.10.

Institutional Investors Weigh In On Expeditors International of Washington

Several hedge funds have recently modified their holdings of EXPD. State Street Corp boosted its holdings in Expeditors International of Washington by 5.2% in the 3rd quarter. State Street Corp now owns 7,708,656 shares of the transportation company’s stock worth $945,004,000 after acquiring an additional 377,703 shares during the period. Wellington Management Group LLP lifted its position in shares of Expeditors International of Washington by 64.1% during the third quarter. Wellington Management Group LLP now owns 1,920,927 shares of the transportation company’s stock worth $235,486,000 after purchasing an additional 749,993 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Expeditors International of Washington by 733.9% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,887,853 shares of the transportation company’s stock valued at $231,432,000 after purchasing an additional 1,661,457 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Expeditors International of Washington by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,484,798 shares of the transportation company’s stock valued at $221,262,000 after purchasing an additional 33,435 shares during the period. Finally, Southpoint Capital Advisors LP acquired a new stake in Expeditors International of Washington during the 4th quarter valued at $201,164,000. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

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.