Allianz Asset Management GmbH Raises Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Allianz Asset Management GmbH raised its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPDGet Rating) by 22.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 732,366 shares of the transportation company’s stock after acquiring an additional 135,871 shares during the period. Allianz Asset Management GmbH owned approximately 0.44% of Expeditors International of Washington worth $75,551,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Louisiana State Employees Retirement System raised its holdings in Expeditors International of Washington by 0.9% in the 1st quarter. Louisiana State Employees Retirement System now owns 10,700 shares of the transportation company’s stock valued at $1,065,000 after acquiring an additional 100 shares during the last quarter. Wedbush Securities Inc. increased its holdings in shares of Expeditors International of Washington by 3.4% during the 1st quarter. Wedbush Securities Inc. now owns 3,281 shares of the transportation company’s stock worth $338,000 after buying an additional 108 shares during the last quarter. MV Capital Management Inc. increased its holdings in shares of Expeditors International of Washington by 0.7% during the 1st quarter. MV Capital Management Inc. now owns 16,575 shares of the transportation company’s stock worth $1,710,000 after buying an additional 118 shares during the last quarter. Synovus Financial Corp increased its holdings in shares of Expeditors International of Washington by 2.7% during the 4th quarter. Synovus Financial Corp now owns 4,632 shares of the transportation company’s stock worth $627,000 after buying an additional 122 shares during the last quarter. Finally, State of Michigan Retirement System increased its holdings in shares of Expeditors International of Washington by 0.3% during the 1st quarter. State of Michigan Retirement System now owns 49,908 shares of the transportation company’s stock worth $5,149,000 after buying an additional 125 shares during the last quarter. Institutional investors and hedge funds own 89.56% of the company’s stock.

Expeditors International of Washington Trading Down 0.5 %

Expeditors International of Washington stock opened at $101.42 on Friday. The stock has a market cap of $17.01 billion, a P/E ratio of 11.18 and a beta of 0.87. The company has a fifty day simple moving average of $102.30 and a 200-day simple moving average of $102.46. Expeditors International of Washington, Inc. has a 12-month low of $92.58 and a 12-month high of $137.80.

Expeditors International of Washington (NASDAQ:EXPDGet Rating) last released its quarterly earnings data on Tuesday, August 2nd. The transportation company reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.13 by $0.14. The business had revenue of $4.60 billion during the quarter, compared to analysts’ expectations of $4.70 billion. Expeditors International of Washington had a net margin of 8.09% and a return on equity of 42.95%. The company’s revenue for the quarter was up 27.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.84 EPS. As a group, sell-side analysts forecast that Expeditors International of Washington, Inc. will post 7.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on EXPD. StockNews.com raised shares of Expeditors International of Washington from a “hold” rating to a “buy” rating in a research report on Friday, August 19th. Wolfe Research cut shares of Expeditors International of Washington from a “peer perform” rating to an “underperform” rating in a research report on Tuesday, July 12th. Barclays lowered their price objective on shares of Expeditors International of Washington from $105.00 to $95.00 and set an “underweight” rating for the company in a research report on Tuesday, July 12th. Finally, Wells Fargo & Company lowered their price objective on shares of Expeditors International of Washington from $101.00 to $97.00 and set an “equal weight” rating for the company in a research report on Friday, July 15th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Expeditors International of Washington has a consensus rating of “Hold” and an average target price of $108.38.

About Expeditors International of Washington

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Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.

Further Reading

Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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