The Manufacturers Life Insurance Company Makes New Investment in Expeditors International of Washington, Inc. $EXPD

The Manufacturers Life Insurance Company bought a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 67,402 shares of the transportation company’s stock, valued at approximately $10,985,000. The Manufacturers Life Insurance Company owned about 0.05% of Expeditors International of Washington as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Swedbank AB grew its stake in Expeditors International of Washington by 153.5% in the fourth quarter. Swedbank AB now owns 29,678 shares of the transportation company’s stock valued at $4,422,000 after purchasing an additional 17,969 shares in the last quarter. Arjuna Capital raised its stake in shares of Expeditors International of Washington by 37.0% during the 4th quarter. Arjuna Capital now owns 23,940 shares of the transportation company’s stock worth $3,567,000 after purchasing an additional 6,471 shares in the last quarter. Forsta AP Fonden lifted its holdings in shares of Expeditors International of Washington by 81.4% during the 4th quarter. Forsta AP Fonden now owns 89,600 shares of the transportation company’s stock valued at $13,351,000 after buying an additional 40,200 shares during the last quarter. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Expeditors International of Washington during the 4th quarter valued at about $32,004,000. Finally, Kentucky Retirement Systems grew its stake in shares of Expeditors International of Washington by 97.2% in the 1st quarter. Kentucky Retirement Systems now owns 16,973 shares of the transportation company’s stock valued at $2,431,000 after buying an additional 8,367 shares in the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Analyst Upgrades and Downgrades

EXPD has been the subject of several analyst reports. 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 report on Wednesday, August 5th. Stephens upgraded shares of Expeditors International of Washington to a “strong-buy” rating in a research note on Wednesday, July 8th. Susquehanna upped their price objective on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Truist Financial raised their target price on shares of Expeditors International of Washington from $145.00 to $175.00 and gave the company a “hold” rating in a research note on Wednesday, July 15th. Finally, Citizens Jmp initiated coverage on shares of Expeditors International of Washington in a report on Wednesday, July 15th. They issued a “market perform” rating on the stock. Two equities research 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 stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $168.78.

Expeditors International of Washington Price Performance

NASDAQ:EXPD opened at $191.24 on Friday. The stock has a market capitalization of $24.86 billion, a PE ratio of 33.43, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04. Expeditors International of Washington, Inc. has a fifty-two week low of $112.94 and a fifty-two week high of $192.28. The business’s 50-day simple moving average is $175.78 and its 200-day simple moving average is $159.66.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.03 earnings per share (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%.The business’s quarterly revenue was up 32.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.34 earnings per share. On average, research 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.