24,156 Shares in Expeditors International of Washington, Inc. $EXPD Bought by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp purchased a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 24,156 shares of the transportation company’s stock, valued at approximately $3,937,000.

A number of other large investors have also made changes to their positions in EXPD. Elyxium Wealth LLC acquired a new position in shares of Expeditors International of Washington in the 4th quarter worth approximately $28,000. DV Equities LLC acquired a new position in Expeditors International of Washington during the 4th quarter worth about $28,000. Nalls Sherbakoff Group LLC bought a new stake in shares of Expeditors International of Washington during the fourth quarter valued at approximately $30,000. Hara Capital LLC acquired a new stake in shares of Expeditors International of Washington in the 2nd quarter valued at $33,000. Finally, Bard Associates Inc. acquired a new stake in Expeditors International of Washington in the fourth quarter worth about $32,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

Shares of EXPD stock opened at $188.90 on Wednesday. Expeditors International of Washington, Inc. has a 52-week low of $112.94 and a 52-week high of $189.99. The stock has a market cap of $24.55 billion, a price-to-earnings ratio of 33.02, a PEG ratio of 5.00 and a beta of 1.04. The firm’s 50-day moving average is $174.00 and its 200-day moving average is $159.07.

Expeditors International of Washington (NASDAQ:EXPD) last posted 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 return on equity of 36.16% and a net margin of 7.64%.Expeditors International of Washington’s quarterly revenue was up 32.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.34 earnings per share. Sell-side analysts predict that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on EXPD. 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 research note on Wednesday, August 5th. Barclays lifted their price target on Expeditors International of Washington from $150.00 to $160.00 and gave the company an “underweight” rating in a research note on Wednesday, August 5th. Bank of America boosted their price objective on shares of Expeditors International of Washington from $181.00 to $189.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Truist Financial increased their price target on Expeditors International of Washington from $145.00 to $175.00 and gave the company a “hold” rating in a research report on Wednesday, July 15th. Finally, Susquehanna raised their target price 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. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $168.78.

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.