Raymond James & Associates Purchases 1,910 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Raymond James & Associates boosted its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 268,799 shares of the transportation company’s stock after acquiring an additional 1,910 shares during the period. Raymond James & Associates owned 0.19% of Expeditors International of Washington worth $33,543,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Boston Partners lifted its holdings in shares of Expeditors International of Washington by 2.4% during the 1st quarter. Boston Partners now owns 2,936,736 shares of the transportation company’s stock valued at $356,923,000 after purchasing an additional 67,800 shares during the last quarter. First Eagle Investment Management LLC raised its stake in Expeditors International of Washington by 0.3% in the first quarter. First Eagle Investment Management LLC now owns 2,695,027 shares of the transportation company’s stock valued at $327,634,000 after buying an additional 8,282 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Expeditors International of Washington by 4.6% in the fourth quarter. Wellington Management Group LLP now owns 2,622,758 shares of the transportation company’s stock worth $333,615,000 after acquiring an additional 115,978 shares in the last quarter. Baird Financial Group Inc. grew its stake in shares of Expeditors International of Washington by 1.3% during the fourth quarter. Baird Financial Group Inc. now owns 1,609,789 shares of the transportation company’s stock worth $204,765,000 after acquiring an additional 20,272 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of Expeditors International of Washington by 580.8% during the fourth quarter. First Trust Advisors LP now owns 1,584,361 shares of the transportation company’s stock valued at $201,531,000 after acquiring an additional 1,351,630 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Stock Up 1.1 %

Shares of EXPD opened at $121.35 on Tuesday. The company has a market capitalization of $17.14 billion, a price-to-earnings ratio of 25.71, a PEG ratio of 5.39 and a beta of 0.98. Expeditors International of Washington, Inc. has a 52 week low of $107.03 and a 52 week high of $131.17. The stock’s 50-day moving average price is $122.53 and its 200-day moving average price is $120.48.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, August 6th. The transportation company reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.02). The company had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.28 billion. Expeditors International of Washington had a net margin of 7.81% and a return on equity of 28.89%. The company’s revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.30 earnings per share. As a group, equities analysts anticipate that Expeditors International of Washington, Inc. will post 4.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on EXPD. Wolfe Research upgraded shares of Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, May 28th. Robert W. Baird boosted their price objective on shares of Expeditors International of Washington from $118.00 to $126.00 and gave the company a “neutral” rating in a report on Wednesday, July 3rd. BNP Paribas upgraded Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $112.00 target price for the company in a research note on Tuesday, May 14th. UBS Group raised Expeditors International of Washington from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $95.00 to $137.00 in a research report on Thursday, August 1st. Finally, Stifel Nicolaus boosted their price target on Expeditors International of Washington from $112.00 to $114.00 and gave the company a “hold” rating in a research note on Thursday, May 23rd. Two research analysts have rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $116.00.

Insider Activity at Expeditors International of Washington

In other news, Director Mark A. Emmert sold 8,100 shares of the stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $123.67, for a total transaction of $1,001,727.00. Following the sale, the director now directly owns 14,085 shares of the company’s stock, valued at approximately $1,741,891.95. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.69% of the stock is owned by company insiders.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. 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, import, 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.