Aberdeen Group plc Boosts Stock Holdings in Expeditors International of Washington, Inc. $EXPD

Aberdeen Group plc grew its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 4.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 160,305 shares of the transportation company’s stock after acquiring an additional 6,238 shares during the quarter. Aberdeen Group plc owned 0.12% of Expeditors International of Washington worth $23,887,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Ipswich Investment Management Co. Inc. purchased a new stake in Expeditors International of Washington during the fourth quarter valued at approximately $235,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in Expeditors International of Washington during the 4th quarter valued at about $278,000. Frank Rimerman Advisors LLC grew its holdings in Expeditors International of Washington by 1.8% during the 4th quarter. Frank Rimerman Advisors LLC now owns 5,408 shares of the transportation company’s stock valued at $806,000 after purchasing an additional 95 shares during the last quarter. Burns Matteson Capital Management LLC raised its position in Expeditors International of Washington by 4.6% in the 4th quarter. Burns Matteson Capital Management LLC now owns 3,782 shares of the transportation company’s stock worth $564,000 after purchasing an additional 165 shares during the period. Finally, Beacon Investment Advisory Services Inc. lifted its stake in Expeditors International of Washington by 6.5% in the fourth quarter. Beacon Investment Advisory Services Inc. now owns 2,768 shares of the transportation company’s stock worth $412,000 after purchasing an additional 169 shares during the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Morgan Stanley increased their target price on Expeditors International of Washington from $90.00 to $95.00 and gave the stock an “underweight” rating in a research note on Monday, December 8th. Truist Financial lowered 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 note on Wednesday, February 25th. Stifel Nicolaus upped their price target 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. dropped their price objective on Expeditors International of Washington from $134.00 to $132.00 and set an “underweight” rating on the stock in a research note on Monday, January 12th. Finally, Wolfe Research upgraded Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, Expeditors International of Washington currently has a consensus rating of “Reduce” and a consensus price target of $134.30.

Expeditors International of Washington Stock Up 0.1%

Expeditors International of Washington stock opened at $145.94 on Monday. The firm has a market cap of $19.41 billion, a P/E ratio of 25.51, a P/E/G ratio of 5.00 and a beta of 1.09. The business has a fifty day moving average of $149.24 and a two-hundred day moving average of $142.72. Expeditors International of Washington, Inc. has a twelve month low of $100.47 and a twelve month high of $167.19.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, February 24th. The transportation company reported $1.49 earnings per share (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 for the quarter was down 3.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.68 EPS. Equities analysts expect that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

About Expeditors International of Washington

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.