Expeditors International of Washington, Inc. $EXPD Shares Purchased by Clifford Swan Investment Counsel LLC

Clifford Swan Investment Counsel LLC increased its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 12.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 80,232 shares of the transportation company’s stock after purchasing an additional 9,019 shares during the quarter. Clifford Swan Investment Counsel LLC owned about 0.06% of Expeditors International of Washington worth $9,836,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. First Eagle Investment Management LLC lifted its stake in shares of Expeditors International of Washington by 17.1% in the 2nd quarter. First Eagle Investment Management LLC now owns 6,279,825 shares of the transportation company’s stock worth $717,470,000 after acquiring an additional 918,108 shares during the period. Loomis Sayles & Co. L P lifted its position in Expeditors International of Washington by 1.5% in the second quarter. Loomis Sayles & Co. L P now owns 5,744,971 shares of the transportation company’s stock worth $656,363,000 after purchasing an additional 83,366 shares during the period. First Trust Advisors LP lifted its position in Expeditors International of Washington by 19.3% in the second quarter. First Trust Advisors LP now owns 2,077,347 shares of the transportation company’s stock worth $237,337,000 after purchasing an additional 335,578 shares during the period. Baird Financial Group Inc. boosted its stake in Expeditors International of Washington by 5.0% during the 2nd quarter. Baird Financial Group Inc. now owns 1,937,324 shares of the transportation company’s stock valued at $221,339,000 after purchasing an additional 92,222 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Expeditors International of Washington by 9.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,112,648 shares of the transportation company’s stock valued at $136,403,000 after purchasing an additional 91,759 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

Shares of NASDAQ:EXPD opened at $144.72 on Friday. The firm has a 50 day simple moving average of $155.63 and a 200 day simple moving average of $138.30. Expeditors International of Washington, Inc. has a 52 week low of $100.47 and a 52 week high of $167.19. The company has a market cap of $19.40 billion, a PE ratio of 25.30, a price-to-earnings-growth ratio of 5.00 and a beta of 1.13.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, February 24th. The transportation company reported $1.49 earnings per share 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 quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.68 EPS. On average, equities analysts predict that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

EXPD has been the subject of several research analyst reports. Morgan Stanley upped their price objective on Expeditors International of Washington from $90.00 to $95.00 and gave the company an “underweight” rating in a report on Monday, December 8th. Zacks Research downgraded shares of Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 14th. Bank of America upgraded shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating in a report on Friday, January 9th. Susquehanna cut their target price on shares of Expeditors International of Washington from $160.00 to $142.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, Barclays lifted their price target on shares of Expeditors International of Washington from $110.00 to $135.00 and gave the stock an “underweight” rating in a research report on Thursday, January 15th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $134.30.

Expeditors International of Washington Company 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.