American Century Companies Inc. Has $49.74 Million Stock Position in Expeditors International of Washington, Inc. $EXPD

American Century Companies Inc. increased its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 11.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 405,701 shares of the transportation company’s stock after acquiring an additional 41,651 shares during the quarter. American Century Companies Inc. owned approximately 0.30% of Expeditors International of Washington worth $49,735,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EXPD. Norges Bank bought a new position in shares of Expeditors International of Washington in the second quarter valued at $111,222,000. First Eagle Investment Management LLC raised its holdings 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 last quarter. First Trust Advisors LP lifted its position in Expeditors International of Washington by 19.3% in the 2nd quarter. First Trust Advisors LP now owns 2,077,347 shares of the transportation company’s stock valued at $237,337,000 after acquiring an additional 335,578 shares in the last quarter. Acadian Asset Management LLC boosted its stake in Expeditors International of Washington by 158.4% during the 2nd quarter. Acadian Asset Management LLC now owns 201,015 shares of the transportation company’s stock valued at $22,963,000 after purchasing an additional 123,223 shares during the last quarter. Finally, 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 during the last quarter. 94.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on EXPD. Zacks Research lowered Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 14th. Truist Financial lowered their price target on Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating for the company in a research report on Wednesday, February 25th. Stifel Nicolaus lifted their price objective on shares of Expeditors International of Washington from $130.00 to $136.00 and gave the stock a “hold” rating in a report on Tuesday, December 16th. JPMorgan Chase & Co. reduced their target price on shares of Expeditors International of Washington from $134.00 to $132.00 and set an “underweight” rating for the company in a research note on Monday, January 12th. Finally, Bank of America raised shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating in a research report on Friday, January 9th. Two 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 stock. According to MarketBeat.com, Expeditors International of Washington currently has a consensus rating of “Reduce” and a consensus target price of $134.30.

Expeditors International of Washington Trading Down 0.2%

Shares of NASDAQ EXPD opened at $146.61 on Friday. The stock has a fifty day simple moving average of $155.06 and a two-hundred day simple moving average of $139.22. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year high of $167.19. The firm has a market cap of $19.57 billion, a price-to-earnings ratio of 25.63, a price-to-earnings-growth ratio of 5.00 and a beta of 1.15.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, February 24th. The transportation company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.03. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.Expeditors International of Washington’s revenue was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.68 EPS. 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 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.