Manning & Napier Advisors LLC Acquires Shares of 3,319 Expeditors International of Washington, Inc. $EXPD

Manning & Napier Advisors LLC acquired a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 3,319 shares of the transportation company’s stock, valued at approximately $541,000.

Other institutional investors also recently modified their holdings of the company. Swedbank AB lifted its stake in shares of Expeditors International of Washington by 153.5% in the fourth quarter. Swedbank AB now owns 29,678 shares of the transportation company’s stock valued at $4,422,000 after buying an additional 17,969 shares in the last quarter. Arjuna Capital raised its holdings in shares of Expeditors International of Washington by 37.0% in the 4th quarter. Arjuna Capital now owns 23,940 shares of the transportation company’s stock worth $3,567,000 after acquiring an additional 6,471 shares during the last quarter. Forsta AP Fonden raised its holdings in shares of Expeditors International of Washington by 81.4% in the 4th quarter. Forsta AP Fonden now owns 89,600 shares of the transportation company’s stock worth $13,351,000 after acquiring an additional 40,200 shares during the last quarter. Eurizon Capital SGR S.p.A. bought a new position in Expeditors International of Washington in the 4th quarter valued at about $32,004,000. Finally, PFA Pension Forsikringsaktieselskab acquired a new position in Expeditors International of Washington during the 4th quarter valued at about $65,957,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Stock Performance

NASDAQ:EXPD opened at $188.90 on Wednesday. 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 50-day moving average price of $174.00 and a two-hundred day moving average price of $159.07. The firm has a market cap of $24.55 billion, a price-to-earnings ratio of 33.02, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, August 4th. The transportation company reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.34. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.Expeditors International of Washington’s revenue for the quarter was up 32.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.34 EPS. As a group, sell-side analysts forecast that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on EXPD shares. Bank of America boosted their price objective on Expeditors International of Washington from $181.00 to $189.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Truist Financial increased their price target on Expeditors International of Washington from $145.00 to $175.00 and gave the company a “hold” rating in a research report on Wednesday, July 15th. UBS Group raised their price objective on Expeditors International of Washington from $191.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. TD Cowen lifted their price objective on shares of Expeditors International of Washington from $148.00 to $176.00 and gave the stock a “sell” rating in a report on Wednesday, August 5th. Finally, Susquehanna upped their target price on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $168.78.

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.