Andra AP fonden Has $30.67 Million Stake in Expeditors International of Washington, Inc. $EXPD

Andra AP fonden grew its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 5.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 250,200 shares of the transportation company’s stock after acquiring an additional 11,900 shares during the period. Andra AP fonden owned 0.18% of Expeditors International of Washington worth $30,672,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. HighPoint Advisor Group LLC grew its stake in Expeditors International of Washington by 4.2% in the third quarter. HighPoint Advisor Group LLC now owns 2,085 shares of the transportation company’s stock valued at $256,000 after acquiring an additional 84 shares during the period. Atria Investments Inc grew its stake in Expeditors International of Washington by 0.3% in the 2nd quarter. Atria Investments Inc now owns 33,522 shares of the transportation company’s stock valued at $3,830,000 after purchasing an additional 91 shares during the period. Davidson Trust Co. raised its position 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 acquiring an additional 113 shares during the period. Bessemer Group Inc. increased its position 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 buying an additional 115 shares during the last quarter. Finally, Certuity LLC lifted its holdings in Expeditors International of Washington by 3.4% during the second quarter. Certuity LLC now owns 3,635 shares of the transportation company’s stock valued at $415,000 after purchasing an additional 120 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Zacks Research lowered Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 14th. 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 note on Thursday, January 15th. TD Cowen raised their price target on Expeditors International of Washington from $111.00 to $131.00 and gave the stock a “sell” rating in a research report on Wednesday, November 5th. Morgan Stanley increased their target price on shares of Expeditors International of Washington from $90.00 to $95.00 and gave the stock an “underweight” rating in a report on Monday, December 8th. Finally, 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. 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 company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $134.30.

Expeditors International of Washington Stock Performance

EXPD opened at $144.72 on Friday. Expeditors International of Washington, Inc. has a 52-week low of $100.47 and a 52-week high of $167.19. The stock has a market capitalization of $19.40 billion, a P/E ratio of 25.30, a P/E/G ratio of 5.00 and a beta of 1.13. The company’s 50-day simple moving average is $155.63 and its two-hundred day simple moving average is $138.30.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, February 24th. The transportation company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates 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%. During the same quarter last year, the firm posted $1.68 earnings per share. The business’s revenue for the quarter was down 3.3% compared to the same quarter last year. Research analysts forecast that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal 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.