Plato Investment Management Ltd Makes New $2.77 Million Investment in Expeditors International of Washington, Inc. $EXPD

Plato Investment Management Ltd bought a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the second quarter, Holdings Channel.com reports. The firm bought 17,101 shares of the transportation company’s stock, valued at approximately $2,771,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp grew its position in shares of Expeditors International of Washington by 5.2% during the third 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 last quarter. First Eagle Investment Management LLC lifted its position in Expeditors International of Washington by 0.5% in the 4th quarter. First Eagle Investment Management LLC now owns 6,312,305 shares of the transportation company’s stock valued at $940,597,000 after purchasing an additional 32,063 shares during the last quarter. Wellington Management Group LLP lifted its position in Expeditors International of Washington by 64.1% in the 3rd quarter. Wellington Management Group LLP now owns 1,920,927 shares of the transportation company’s stock valued at $235,486,000 after purchasing an additional 749,993 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Expeditors International of Washington by 733.9% during the 3rd 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. Finally, Dimensional Fund Advisors LP boosted its stake in Expeditors International of Washington by 2.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,522,593 shares of the transportation company’s stock valued at $218,068,000 after purchasing an additional 37,795 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on EXPD. Citizens Jmp began coverage on shares of Expeditors International of Washington in a research note on Wednesday, July 15th. They issued a “market perform” rating on the stock. Stifel Nicolaus boosted their price objective on Expeditors International of Washington from $154.00 to $158.00 and gave the stock a “hold” rating in a research report on Wednesday, July 15th. Truist Financial increased their price objective on Expeditors International of Washington from $145.00 to $175.00 and gave the stock a “hold” rating in a report on Wednesday, July 15th. Barclays raised their target price on Expeditors International of Washington from $150.00 to $160.00 and gave the company an “underweight” rating in a research report on Wednesday, August 5th. Finally, Zacks Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Expeditors International of Washington currently has an average rating of “Hold” and a consensus price target of $168.78.

Expeditors International of Washington Stock Up 0.1%

Shares of EXPD opened at $186.38 on Monday. The firm has a 50-day moving average price of $170.83 and a 200 day moving average price of $157.79. The firm has a market capitalization of $24.23 billion, a PE ratio of 32.58, a P/E/G ratio of 5.00 and a beta of 1.04. Expeditors International of Washington, Inc. has a 52-week low of $112.94 and a 52-week high of $189.87.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, August 4th. The transportation company reported $2.03 EPS for the quarter, beating the consensus estimate of $1.69 by $0.34. 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 previous year, the business posted $1.34 EPS. The business’s quarterly revenue was up 32.1% compared to the same quarter last year. On average, equities analysts expect that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

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.