Legal & General Group Plc Purchases New Position in Expeditors International of Washington, Inc. $EXPD

Legal & General Group Plc purchased a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 769,388 shares of the transportation company’s stock, valued at approximately $125,395,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Rossby Financial LCC boosted its position in shares of Expeditors International of Washington by 9.3% during the fourth quarter. Rossby Financial LCC now owns 938 shares of the transportation company’s stock valued at $140,000 after buying an additional 80 shares during the last quarter. Claro Advisors Inc. raised its position in Expeditors International of Washington by 5.0% in the 4th quarter. Claro Advisors Inc. now owns 1,743 shares of the transportation company’s stock valued at $260,000 after buying an additional 83 shares during the last quarter. Hardy Reed LLC raised its position in Expeditors International of Washington by 2.8% in the 4th quarter. Hardy Reed LLC now owns 3,513 shares of the transportation company’s stock valued at $523,000 after buying an additional 95 shares during the last quarter. Meeder Advisory Services Inc. lifted its stake in Expeditors International of Washington by 5.4% during the 4th quarter. Meeder Advisory Services Inc. now owns 1,874 shares of the transportation company’s stock valued at $279,000 after acquiring an additional 96 shares in the last quarter. Finally, Nicollet Investment Management Inc. boosted its holdings in Expeditors International of Washington by 0.9% during the 4th quarter. Nicollet Investment Management Inc. now owns 11,115 shares of the transportation company’s stock worth $1,656,000 after acquiring an additional 98 shares during the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Citizens Jmp started coverage on shares of Expeditors International of Washington in a research note on Wednesday, July 15th. They issued a “market perform” rating for the company. Stephens raised shares of Expeditors International of Washington to a “strong-buy” rating in a research report on Wednesday, July 8th. Susquehanna increased their price objective on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. raised shares of Expeditors International of Washington from an “underweight” rating to a “neutral” rating and set a $200.00 target price on the stock in a research report on Wednesday, August 5th. Finally, UBS Group boosted their target price on Expeditors International of Washington from $191.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $168.78.

Expeditors International of Washington Stock Performance

EXPD opened at $190.61 on Friday. The firm has a market cap of $24.78 billion, a P/E ratio of 33.32, a PEG ratio of 5.00 and a beta of 1.04. The firm has a 50-day moving average of $175.18 and a 200 day moving average of $159.43. Expeditors International of Washington, Inc. has a fifty-two week low of $112.94 and a fifty-two week high of $191.79.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.03 EPS for the quarter, topping the consensus estimate 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 revenue was up 32.1% on a year-over-year basis. During the same period last year, the business earned $1.34 EPS. Equities research analysts predict that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

Expeditors International of Washington Company 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.