Nordea Investment Management AB Boosts Stake in Expeditors International of Washington, Inc. $EXPD

Nordea Investment Management AB raised its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 35.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 875,953 shares of the transportation company’s stock after acquiring an additional 227,852 shares during the quarter. Nordea Investment Management AB owned approximately 0.65% of Expeditors International of Washington worth $131,288,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in EXPD. RIA Advisory Group LLC raised its position in shares of Expeditors International of Washington by 2.7% in the 3rd quarter. RIA Advisory Group LLC now owns 2,970 shares of the transportation company’s stock worth $364,000 after acquiring an additional 78 shares in the last quarter. HighPoint Advisor Group LLC boosted its position in Expeditors International of Washington by 4.2% during the third quarter. HighPoint Advisor Group LLC now owns 2,085 shares of the transportation company’s stock valued at $256,000 after purchasing an additional 84 shares in the last quarter. Atria Investments Inc grew its stake in Expeditors International of Washington by 0.3% in the third quarter. Atria Investments Inc now owns 33,622 shares of the transportation company’s stock valued at $4,122,000 after purchasing an additional 100 shares during the last quarter. Davidson Trust Co. raised its holdings in Expeditors International of Washington by 3.2% in the third quarter. Davidson Trust Co. now owns 3,688 shares of the transportation company’s stock worth $452,000 after purchasing an additional 113 shares in the last quarter. Finally, Bessemer Group Inc. raised its holdings in Expeditors International of Washington by 1.4% in the third quarter. Bessemer Group Inc. now owns 8,593 shares of the transportation company’s stock worth $1,054,000 after purchasing an additional 115 shares in the last quarter. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on EXPD. Wolfe Research upgraded shares of Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Stifel Nicolaus boosted 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 research note on Tuesday, December 16th. Truist Financial decreased their target price on shares of 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. Barclays raised their target price on shares of Expeditors International of Washington from $110.00 to $135.00 and gave the company an “underweight” rating in a research note on Thursday, January 15th. Finally, JPMorgan Chase & Co. cut their price target on shares of Expeditors International of Washington from $134.00 to $132.00 and set an “underweight” rating on the stock in a report on Monday, January 12th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $134.30.

Expeditors International of Washington Stock Performance

Shares of NASDAQ EXPD opened at $146.23 on Monday. Expeditors International of Washington, Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $167.19. The company has a market cap of $19.52 billion, a PE ratio of 25.57, a P/E/G ratio of 5.00 and a beta of 1.15. The business has a 50-day simple moving average of $152.93 and a two-hundred day simple moving average of $141.29.

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 (EPS) for the quarter, beating 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 company’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.68 EPS. On average, sell-side analysts predict that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

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.