Contravisory Investment Management Inc. Purchases Shares of 7,282 Expeditors International of Washington, Inc. $EXPD

Contravisory Investment Management Inc. acquired a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 7,282 shares of the transportation company’s stock, valued at approximately $1,085,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EXPD. Vermillion & White Wealth Management Group LLC increased its position in Expeditors International of Washington by 82.3% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 268 shares of the transportation company’s stock worth $31,000 after purchasing an additional 121 shares during the last quarter. Community Bank N.A. bought a new position in Expeditors International of Washington during the third quarter valued at $34,000. CYBER HORNET ETFs LLC purchased a new position in shares of Expeditors International of Washington in the 2nd quarter worth $43,000. Bartlett & CO. Wealth Management LLC purchased a new position in shares of Expeditors International of Washington in the 3rd quarter worth $43,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA increased its holdings in shares of Expeditors International of Washington by 63.6% in the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 360 shares of the transportation company’s stock worth $44,000 after buying an additional 140 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Stifel Nicolaus increased their price target on shares of Expeditors International of Washington from $130.00 to $136.00 and gave the company a “hold” rating in a report on Tuesday, December 16th. Bank of America upgraded Expeditors International of Washington from a “neutral” rating to a “buy” rating in a research report on Friday, January 9th. Truist Financial lowered their price objective on 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. Barclays lifted their target price on Expeditors International of Washington from $110.00 to $135.00 and gave the stock an “underweight” rating in a report on Thursday, January 15th. Finally, Susquehanna decreased their price target on Expeditors International of Washington from $160.00 to $142.00 and set a “neutral” rating on the stock in a report on Wednesday, February 25th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $134.30.

Expeditors International of Washington Price Performance

Shares of NASDAQ:EXPD opened at $140.43 on Tuesday. The firm has a market capitalization of $18.75 billion, a PE ratio of 24.55, a price-to-earnings-growth ratio of 5.00 and a beta of 1.15. The business has a 50 day simple moving average of $152.51 and a two-hundred day simple moving average of $141.42. Expeditors International of Washington, Inc. has a 1 year low of $100.47 and a 1 year high of $167.19.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, February 24th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping 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 quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.68 earnings per share. Equities research analysts expect that Expeditors International of Washington, Inc. will post 5.39 EPS 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.