Robeco Institutional Asset Management B.V. Acquires 295,238 Shares of Expeditors International of Washington, Inc. $EXPD

Robeco Institutional Asset Management B.V. increased its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 147.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 495,650 shares of the transportation company’s stock after purchasing an additional 295,238 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Expeditors International of Washington were worth $91,517,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Net Worth Advisory Group boosted its stake in Expeditors International of Washington by 8.7% during the 3rd quarter. Net Worth Advisory Group now owns 1,342 shares of the transportation company’s stock valued at $252,000 after purchasing an additional 107 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Expeditors International of Washington by 3.0% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 18,325 shares of the transportation company’s stock valued at $3,384,000 after buying an additional 535 shares during the last quarter. CWA Asset Management Group LLC grew its holdings in Expeditors International of Washington by 13.9% in the 3rd quarter. CWA Asset Management Group LLC now owns 1,679 shares of the transportation company’s stock valued at $310,000 after buying an additional 205 shares during the last quarter. SteelPeak Wealth LLC bought a new position in Expeditors International of Washington in the 3rd quarter worth approximately $3,965,000. Finally, IFP Advisors Inc increased its position in Expeditors International of Washington by 215.5% in the 3rd quarter. IFP Advisors Inc now owns 1,808 shares of the transportation company’s stock worth $334,000 after buying an additional 1,235 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on EXPD shares. Stephens upgraded Expeditors International of Washington to a “strong-buy” rating in a report on Wednesday, July 8th. TD Cowen boosted their target price on shares of Expeditors International of Washington from $148.00 to $176.00 and gave the stock a “sell” rating in a research report on Wednesday, August 5th. BNP Paribas Exane began coverage on shares of Expeditors International of Washington in a research note on Wednesday, September 30th. They set a “neutral” rating and a $180.00 target price for the company. Zacks Research cut shares of Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Finally, Truist Financial increased their price target on shares of Expeditors International of Washington from $145.00 to $175.00 and gave the company a “hold” rating in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $175.27.

Expeditors International of Washington Stock Performance

Shares of EXPD stock opened at $197.20 on Thursday. Expeditors International of Washington, Inc. has a 52-week low of $116.84 and a 52-week high of $200.66. The stock has a market cap of $25.63 billion, a price-to-earnings ratio of 34.48, a P/E/G ratio of 5.00 and a beta of 1.07. The firm has a fifty day moving average of $190.28 and a 200-day moving average of $171.76.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.03 EPS for the quarter, topping 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%. The company’s quarterly revenue was up 32.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.34 earnings per share. On average, sell-side analysts predict that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc is a global logistics company headquartered in Seattle, Washington. The company provides freight forwarding, transportation, customs brokerage and supply chain management services for businesses that move goods internationally.

Its services include airfreight and ocean-freight forwarding, customs clearance, warehousing and distribution, cargo insurance, order management, and other logistics solutions. Expeditors coordinates shipments through a worldwide network of offices and service providers, helping customers manage international trade requirements and supply chain operations.

Founded in 1979, Expeditors serves customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.