Expeditors International of Washington, Inc. $EXPD Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 10.0% during the 2nd quarter, Holdings Channel reports. The fund owned 2,155,313 shares of the transportation company’s stock after purchasing an additional 195,351 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Expeditors International of Washington were worth $351,273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of the business. Elyxium Wealth LLC acquired a new position in shares of Expeditors International of Washington during the fourth quarter valued at $28,000. DV Equities LLC acquired a new stake in Expeditors International of Washington in the fourth quarter worth about $28,000. Nalls Sherbakoff Group LLC acquired a new stake in Expeditors International of Washington in the fourth quarter worth about $30,000. Bard Associates Inc. bought a new position in Expeditors International of Washington in the 4th quarter valued at about $32,000. Finally, Hara Capital LLC bought a new position in Expeditors International of Washington in the 2nd quarter valued at about $33,000. Institutional investors own 94.02% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on EXPD shares. Truist Financial boosted their price target 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. Stephens upgraded shares of Expeditors International of Washington to a “strong-buy” rating in a report on Wednesday, July 8th. Bank of America raised their price objective on shares of Expeditors International of Washington from $181.00 to $189.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. JPMorgan Chase & Co. raised Expeditors International of Washington from an “underweight” rating to a “neutral” rating and set a $200.00 target price on the stock in a report on Wednesday, August 5th. Finally, Barclays upped their target price on Expeditors International of Washington from $150.00 to $160.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $168.78.

Expeditors International of Washington Price Performance

EXPD stock opened at $191.24 on Monday. The firm has a market cap of $24.86 billion, a PE ratio of 33.43, a P/E/G ratio of 5.00 and a beta of 1.04. Expeditors International of Washington, Inc. has a 12 month low of $112.94 and a 12 month high of $192.28. The firm has a 50 day simple moving average of $175.78 and a 200 day simple moving average of $159.63.

Expeditors International of Washington (NASDAQ:EXPD) last posted 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%.Expeditors International of Washington’s quarterly revenue was up 32.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.34 EPS. As a group, sell-side analysts expect that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

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.