Prudential PLC Purchases 7,257 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Prudential PLC boosted its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 10.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 75,207 shares of the transportation company’s stock after acquiring an additional 7,257 shares during the period. Prudential PLC’s holdings in Expeditors International of Washington were worth $9,385,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Boston Partners grew its holdings in Expeditors International of Washington by 2.4% during the 1st quarter. Boston Partners now owns 2,936,736 shares of the transportation company’s stock valued at $356,923,000 after buying an additional 67,800 shares in the last quarter. First Eagle Investment Management LLC grew its holdings in Expeditors International of Washington by 0.3% during the 1st quarter. First Eagle Investment Management LLC now owns 2,695,027 shares of the transportation company’s stock valued at $327,634,000 after buying an additional 8,282 shares in the last quarter. Wellington Management Group LLP grew its holdings in Expeditors International of Washington by 4.6% during the 4th quarter. Wellington Management Group LLP now owns 2,622,758 shares of the transportation company’s stock valued at $333,615,000 after buying an additional 115,978 shares in the last quarter. Baird Financial Group Inc. grew its holdings in Expeditors International of Washington by 1.3% during the 4th quarter. Baird Financial Group Inc. now owns 1,609,789 shares of the transportation company’s stock valued at $204,765,000 after buying an additional 20,272 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in Expeditors International of Washington by 580.8% during the 4th quarter. First Trust Advisors LP now owns 1,584,361 shares of the transportation company’s stock valued at $201,531,000 after buying an additional 1,351,630 shares in the last quarter. Institutional investors own 94.02% of the company’s stock.

Insiders Place Their Bets

In other Expeditors International of Washington news, Director Mark A. Emmert sold 8,100 shares of Expeditors International of Washington stock in a transaction on Friday, June 14th. The shares were sold at an average price of $123.67, for a total transaction of $1,001,727.00. Following the completion of the transaction, the director now directly owns 14,085 shares of the company’s stock, valued at $1,741,891.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.69% of the stock is owned by insiders.

Wall Street Analyst Weigh In

EXPD has been the subject of a number of research analyst reports. Bank of America increased their price objective on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. BNP Paribas raised shares of Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $112.00 price objective for the company in a report on Tuesday, May 14th. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. UBS Group raised shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and raised their target price for the company from $95.00 to $137.00 in a report on Thursday, August 1st. Finally, Robert W. Baird raised their target price on shares of Expeditors International of Washington from $118.00 to $126.00 and gave the company a “neutral” rating in a report on Wednesday, July 3rd. Two equities research analysts have rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $116.00.

Expeditors International of Washington Stock Up 1.2 %

NASDAQ EXPD opened at $122.46 on Tuesday. The company has a fifty day moving average of $121.81 and a two-hundred day moving average of $120.31. The firm has a market capitalization of $17.28 billion, a price-to-earnings ratio of 25.94, a PEG ratio of 5.50 and a beta of 0.97. Expeditors International of Washington, Inc. has a 52 week low of $107.03 and a 52 week high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, August 6th. The transportation company reported $1.24 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.02). The firm had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.28 billion. Expeditors International of Washington had a return on equity of 29.15% and a net margin of 7.40%. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.30 earnings per share. Equities research analysts anticipate that Expeditors International of Washington, Inc. will post 5.01 EPS for the current year.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.