Engineers Gate Manager LP Purchases 8,283 Shares of Expeditors International of Washington, Inc. $EXPD

Engineers Gate Manager LP grew its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 21.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 46,565 shares of the transportation company’s stock after buying an additional 8,283 shares during the period. Engineers Gate Manager LP’s holdings in Expeditors International of Washington were worth $7,589,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in EXPD. Arjuna Capital boosted its holdings in shares of Expeditors International of Washington by 37.0% in the fourth quarter. Arjuna Capital now owns 23,940 shares of the transportation company’s stock valued at $3,567,000 after buying an additional 6,471 shares during the period. Forsta AP Fonden increased its position in shares of Expeditors International of Washington by 81.4% during the fourth quarter. Forsta AP Fonden now owns 89,600 shares of the transportation company’s stock worth $13,351,000 after acquiring an additional 40,200 shares in the last quarter. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Expeditors International of Washington during the fourth quarter worth $32,004,000. Kentucky Retirement Systems raised its holdings in shares of Expeditors International of Washington by 97.2% during the first quarter. Kentucky Retirement Systems now owns 16,973 shares of the transportation company’s stock worth $2,431,000 after acquiring an additional 8,367 shares during the period. Finally, Midway Capital Research & Management bought a new stake in Expeditors International of Washington in the 4th quarter valued at $2,432,000. Institutional investors own 94.02% of the company’s stock.

Analyst Ratings Changes

EXPD has been the subject of a number of research analyst reports. Bank of America upped their target price on shares of Expeditors International of Washington from $181.00 to $189.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Stifel Nicolaus lifted their price target on Expeditors International of Washington from $154.00 to $158.00 and gave the company a “hold” rating in a research note on Wednesday, July 15th. Barclays boosted their price target on Expeditors International of Washington from $150.00 to $160.00 and gave the company an “underweight” rating in a report on Wednesday, August 5th. TD Cowen upped their price objective on Expeditors International of Washington from $148.00 to $176.00 and gave the stock a “sell” rating in a research report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. upgraded Expeditors International of Washington from an “underweight” rating to a “neutral” rating and set a $200.00 price objective for the company in a report on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $168.78.

Expeditors International of Washington Stock Performance

Shares of NASDAQ EXPD opened at $189.17 on Friday. The stock has a 50 day moving average price of $180.29 and a 200 day moving average price of $161.96. The stock has a market capitalization of $24.59 billion, a PE ratio of 33.07, a price-to-earnings-growth ratio of 5.00 and a beta of 1.06. Expeditors International of Washington, Inc. has a 52 week low of $112.94 and a 52 week high of $192.28.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.03 earnings per share for the quarter, topping 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 last year, the business posted $1.34 EPS. Expeditors International of Washington’s revenue was up 32.1% compared to the same quarter last year. As a group, research analysts forecast that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

Expeditors International of Washington Profile

Expeditors International of Washington, Inc is a global logistics and supply chain management company headquartered in Seattle, Washington. The company provides transportation and related services that help businesses move goods through international and domestic supply chains.

Its primary services include airfreight and ocean-freight forwarding, customs brokerage, cargo consolidation, warehousing and distribution, order management, and other supply chain solutions. Expeditors also offers technology-enabled shipment visibility and logistics coordination designed to support customers’ import, export, and distribution activities.

Founded in 1979, Expeditors serves a broad range of industries through a network of offices and facilities across North America, Latin America, Europe, the Middle East, Africa, and the Asia-Pacific region.