20,699 Shares in Expeditors International of Washington, Inc. (NASDAQ:EXPD) Purchased by Perpetual Ltd

Perpetual Ltd acquired a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 20,699 shares of the transportation company’s stock, valued at approximately $1,169,000.

Several other hedge funds have also recently added to or reduced their stakes in EXPD. BlackRock Inc. raised its position in shares of Expeditors International of Washington by 1,951.4% during the first quarter. BlackRock Inc. now owns 14,494,247 shares of the transportation company’s stock worth $818,780,000 after acquiring an additional 13,787,678 shares during the last quarter. Janus Henderson Group PLC increased its holdings in Expeditors International of Washington by 24,524.1% in the second quarter. Janus Henderson Group PLC now owns 4,786,930 shares of the transportation company’s stock valued at $270,366,000 after purchasing an additional 4,767,490 shares during the last quarter. Janus Capital Management LLC increased its holdings in Expeditors International of Washington by 16.5% in the first quarter. Janus Capital Management LLC now owns 4,097,422 shares of the transportation company’s stock valued at $231,463,000 after purchasing an additional 579,228 shares during the last quarter. Vanguard Group Inc. increased its holdings in Expeditors International of Washington by 2.8% in the second quarter. Vanguard Group Inc. now owns 19,704,393 shares of the transportation company’s stock valued at $1,112,904,000 after purchasing an additional 532,318 shares during the last quarter. Finally, Nationwide Fund Advisors increased its holdings in Expeditors International of Washington by 934.7% in the second quarter. Nationwide Fund Advisors now owns 520,461 shares of the transportation company’s stock valued at $29,396,000 after purchasing an additional 470,162 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.

Shares of Expeditors International of Washington, Inc. (EXPD) traded up 0.24% during trading on Friday, hitting $59.37. The stock had a trading volume of 698,247 shares. Expeditors International of Washington, Inc. has a 52 week low of $47.23 and a 52 week high of $60.81. The company’s 50 day moving average price is $58.68 and its 200 day moving average price is $56.59. The company has a market capitalization of $10.73 billion, a price-to-earnings ratio of 25.70 and a beta of 0.68.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, August 8th. The transportation company reported $0.60 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.60. The business had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Expeditors International of Washington had a net margin of 6.54% and a return on equity of 22.03%. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.63 EPS. Analysts predict that Expeditors International of Washington, Inc. will post $2.31 earnings per share for the current year.

A number of equities research analysts recently commented on EXPD shares. BidaskClub upgraded Expeditors International of Washington from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Morgan Stanley reissued an “equal weight” rating on shares of Expeditors International of Washington in a research note on Tuesday, July 11th. Zacks Investment Research raised Expeditors International of Washington from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Stifel Nicolaus reissued a “hold” rating and set a $52.00 price target (down from $54.00) on shares of Expeditors International of Washington in a research report on Friday, August 11th. Finally, Cowen and Company reissued a “market perform” rating and set a $54.00 price target (down from $55.00) on shares of Expeditors International of Washington in a research report on Thursday, August 10th. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $57.00.

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About Expeditors International of Washington

Expeditors International of Washington, Inc is a logistics company. The Company is a third-party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Company provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.

Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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