Canada Pension Plan Investment Board Invests $40 Million in Expeditors International of Washington, Inc. $EXPD

Canada Pension Plan Investment Board bought a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 245,440 shares of the transportation company’s stock, valued at approximately $40,002,000.

A number of other hedge funds have also recently modified their holdings of the stock. Elyxium Wealth LLC purchased a new stake in Expeditors International of Washington in the fourth quarter valued at $28,000. DV Equities LLC acquired a new position in Expeditors International of Washington in the fourth quarter valued at $28,000. Nalls Sherbakoff Group LLC purchased a new position in shares of Expeditors International of Washington during the fourth quarter worth about $30,000. Bard Associates Inc. purchased a new position in shares of Expeditors International of Washington during the fourth quarter worth about $32,000. Finally, Hara Capital LLC acquired a new stake in shares of Expeditors International of Washington during the second quarter worth about $33,000. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Performance

Shares of Expeditors International of Washington stock opened at $190.61 on Friday. The company has a market capitalization of $24.78 billion, a P/E ratio of 33.32, a PEG ratio of 5.00 and a beta of 1.04. Expeditors International of Washington, Inc. has a 1 year low of $112.94 and a 1 year high of $191.79. The company’s fifty day moving average is $175.18 and its two-hundred day moving average is $159.43.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, August 4th. The transportation company reported $2.03 EPS for the quarter, beating 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%. During the same period in the previous year, the business earned $1.34 earnings per share. The firm’s quarterly revenue was up 32.1% compared to the same quarter last year. As a group, equities analysts expect that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on EXPD shares. Barclays boosted their target price on Expeditors International of Washington from $150.00 to $160.00 and gave the company an “underweight” rating in a report on Wednesday, August 5th. UBS Group raised their price target 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. Stephens raised Expeditors International of Washington to a “strong-buy” rating in a research report on Wednesday, July 8th. Bank of America boosted their price objective on 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. Finally, Citizens Jmp started coverage on Expeditors International of Washington in a report on Wednesday, July 15th. They issued a “market perform” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price 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.