Mitsubishi UFJ Asset Management Co. Ltd. Has $39.89 Million Stake in Expeditors International of Washington, Inc. $EXPD

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 6.7% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 325,419 shares of the transportation company’s stock after acquiring an additional 20,387 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.24% of Expeditors International of Washington worth $39,893,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. HighPoint Advisor Group LLC grew its stake in shares of Expeditors International of Washington by 4.2% during the third quarter. HighPoint Advisor Group LLC now owns 2,085 shares of the transportation company’s stock worth $256,000 after buying an additional 84 shares during the last quarter. Atria Investments Inc lifted its position in shares of Expeditors International of Washington by 0.3% in the 2nd quarter. Atria Investments Inc now owns 33,522 shares of the transportation company’s stock worth $3,830,000 after purchasing an additional 91 shares during the period. Davidson Trust Co. raised its stake in Expeditors International of Washington by 3.2% during the third quarter. Davidson Trust Co. now owns 3,688 shares of the transportation company’s stock worth $452,000 after buying an additional 113 shares during the last quarter. Bessemer Group Inc. raised its position in shares of Expeditors International of Washington by 1.4% in the 3rd quarter. Bessemer Group Inc. now owns 8,593 shares of the transportation company’s stock worth $1,054,000 after acquiring an additional 115 shares in the last quarter. Finally, Certuity LLC lifted its stake in Expeditors International of Washington by 3.4% in the second quarter. Certuity LLC now owns 3,635 shares of the transportation company’s stock valued at $415,000 after buying an additional 120 shares during the period. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

NASDAQ EXPD opened at $144.89 on Friday. The stock has a 50 day simple moving average of $155.48 and a two-hundred day simple moving average of $138.62. Expeditors International of Washington, Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $167.19. The stock has a market cap of $19.42 billion, a P/E ratio of 25.33, a price-to-earnings-growth ratio of 5.00 and a beta of 1.13.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, February 24th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.03. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. The business’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period last year, the business posted $1.68 earnings per share. Sell-side analysts predict that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have commented on EXPD. TD Cowen raised their price objective on Expeditors International of Washington from $111.00 to $131.00 and gave the company a “sell” rating in a research note on Wednesday, November 5th. UBS Group raised Expeditors International of Washington from a “neutral” rating to a “buy” rating and upped their target price for the company from $138.00 to $166.00 in a report on Monday, November 17th. Stifel Nicolaus lifted their price objective on shares of Expeditors International of Washington from $130.00 to $136.00 and gave the stock a “hold” rating in a research report on Tuesday, December 16th. Barclays boosted their target price on Expeditors International of Washington from $110.00 to $135.00 and gave the company an “underweight” rating in a research note on Thursday, January 15th. Finally, Bank of America upgraded shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating in a research note on Friday, January 9th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average 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.