Expeditors International of Washington, Inc. $EXPD Shares Newly Purchased by SteelPeak Wealth LLC

SteelPeak Wealth LLC bought a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 21,476 shares of the transportation company’s stock, valued at approximately $3,965,000.

A number of other hedge funds also recently bought and sold shares of EXPD. Kentucky Retirement Systems lifted its stake in Expeditors International of Washington by 97.2% during the 1st quarter. Kentucky Retirement Systems now owns 16,973 shares of the transportation company’s stock valued at $2,431,000 after acquiring an additional 8,367 shares during the period. State Street Corp lifted its position in Expeditors International of Washington by 1.5% during the second quarter. State Street Corp now owns 7,335,241 shares of the transportation company’s stock valued at $1,195,498,000 after purchasing an additional 109,798 shares during the period. Deutsche Bank AG bought a new position in Expeditors International of Washington during the second quarter valued at approximately $102,595,000. Midway Capital Research & Management purchased a new stake in Expeditors International of Washington in the fourth quarter worth approximately $2,432,000. Finally, Allianz Asset Management GmbH boosted its holdings in Expeditors International of Washington by 44.5% in the second quarter. Allianz Asset Management GmbH now owns 612,352 shares of the transportation company’s stock worth $99,801,000 after purchasing an additional 188,581 shares during the last quarter. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

NASDAQ EXPD opened at $195.68 on Friday. The company has a market capitalization of $25.44 billion, a PE ratio of 34.21, a price-to-earnings-growth ratio of 5.00 and a beta of 1.07. The business’s fifty day moving average is $189.23 and its 200 day moving average is $170.44. Expeditors International of Washington, Inc. has a fifty-two week low of $116.84 and a fifty-two week high of $200.66.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. The firm’s quarterly revenue was up 32.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.34 earnings per share. On average, sell-side analysts forecast that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on EXPD. Zacks Research lowered shares of Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. UBS Group raised their price target on Expeditors International of Washington from $210.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, October 2nd. Bank of America lifted 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. TD Cowen lifted their price objective 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. Finally, Barclays upped their price objective on Expeditors International of Washington from $160.00 to $165.00 and gave the company an “underweight” rating in a research report on Tuesday, September 29th. One 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 MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $175.27.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc is a global logistics company that helps businesses move and manage goods across international supply chains. Its services include air and ocean freight forwarding, customs brokerage, cargo consolidation, warehousing, distribution, order management and other transportation-related solutions.

Founded in 1979 and headquartered in Seattle, Washington, Expeditors serves manufacturers, retailers, distributors and other customers through a worldwide network of offices and logistics facilities.