JLB & Associates Inc. Invests $17.41 Million in Expeditors International of Washington, Inc. $EXPD

JLB & Associates Inc. purchased a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the second quarter, HoldingsChannel reports. The firm purchased 106,830 shares of the transportation company’s stock, valued at approximately $17,411,000. Expeditors International of Washington accounts for approximately 2.3% of JLB & Associates Inc.’s portfolio, making the stock its 17th biggest holding.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in Expeditors International of Washington during the 2nd quarter valued at about $2,193,093,000. State Street Corp lifted its stake in shares of Expeditors International of Washington by 5.2% in the third quarter. State Street Corp now owns 7,708,656 shares of the transportation company’s stock worth $945,004,000 after buying an additional 377,703 shares in the last quarter. First Eagle Investment Management LLC grew its holdings in shares of Expeditors International of Washington by 0.5% during the fourth quarter. First Eagle Investment Management LLC now owns 6,312,305 shares of the transportation company’s stock valued at $940,597,000 after buying an additional 32,063 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Expeditors International of Washington by 64.1% during the third quarter. Wellington Management Group LLP now owns 1,920,927 shares of the transportation company’s stock valued at $235,486,000 after buying an additional 749,993 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Expeditors International of Washington by 733.9% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,887,853 shares of the transportation company’s stock valued at $231,432,000 after acquiring an additional 1,661,457 shares in the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EXPD has been the subject of a number of recent analyst reports. Zacks Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. TD Cowen lifted their target price on Expeditors International of Washington from $148.00 to $176.00 and gave the stock a “sell” rating in a report on Wednesday, August 5th. Stifel Nicolaus lifted their target price on Expeditors International of Washington from $154.00 to $158.00 and gave the stock a “hold” rating in a report on Wednesday, July 15th. Barclays boosted their price target on Expeditors International of Washington from $150.00 to $160.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 5th. Finally, Stephens raised Expeditors International of Washington to a “strong-buy” rating in a report on Wednesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Expeditors International of Washington presently has an average rating of “Hold” and an average price target of $168.78.

Expeditors International of Washington Stock Down 1.2%

Shares of EXPD stock opened at $186.08 on Wednesday. The company has a 50 day moving average price of $171.75 and a 200-day moving average price of $158.19. Expeditors International of Washington, Inc. has a 52 week low of $112.94 and a 52 week high of $189.99. The firm has a market capitalization of $24.19 billion, a PE ratio of 32.53, a P/E/G ratio of 5.00 and a beta of 1.04.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.34. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. During the same quarter in the prior year, the business earned $1.34 EPS. The company’s revenue was up 32.1% compared to the same quarter last year. Analysts anticipate 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.