Northwestern Mutual Wealth Management Co. Invests $575,000 in Expeditors International of Washington, Inc. $EXPD

Northwestern Mutual Wealth Management Co. purchased a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,528 shares of the transportation company’s stock, valued at approximately $575,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Swedbank AB lifted its position in 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 purchasing an additional 17,969 shares during the period. Arjuna Capital raised its stake in shares of Expeditors International of Washington by 37.0% during the 4th quarter. Arjuna Capital now owns 23,940 shares of the transportation company’s stock worth $3,567,000 after buying an additional 6,471 shares in the last quarter. Forsta AP Fonden lifted 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 valued at $13,351,000 after buying an additional 40,200 shares during the period. Eurizon Capital SGR S.p.A. purchased a new stake in shares of Expeditors International of Washington in the fourth quarter valued at approximately $32,004,000. Finally, PFA Pension Forsikringsaktieselskab purchased a new stake in shares of Expeditors International of Washington in the fourth quarter valued at approximately $65,957,000. 94.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on EXPD. Stifel Nicolaus raised their target price on Expeditors International of Washington from $154.00 to $158.00 and gave the company a “hold” rating in a report on Wednesday, July 15th. Stephens upgraded shares of Expeditors International of Washington to a “strong-buy” rating in a report on Wednesday, July 8th. TD Cowen boosted 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. Truist Financial upped their target price on shares of Expeditors International of Washington from $145.00 to $175.00 and gave the stock a “hold” rating in a research report on Wednesday, July 15th. Finally, JPMorgan Chase & Co. upgraded shares of Expeditors International of Washington from an “underweight” rating to a “neutral” rating and set a $200.00 price target for the company in a research report on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $168.78.

Expeditors International of Washington Price Performance

EXPD stock opened at $190.27 on Thursday. The company’s 50 day simple moving average is $174.59 and its 200-day simple moving average is $159.26. Expeditors International of Washington, Inc. has a 12 month low of $112.94 and a 12 month high of $191.79. The firm has a market capitalization of $24.73 billion, a PE ratio of 33.26, a P/E/G 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 EPS for the quarter, beating 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%.During the same quarter in the previous year, the firm posted $1.34 EPS. The company’s revenue was up 32.1% compared to the same quarter last year. As a group, sell-side 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.