Great Lakes Advisors LLC Invests $1.59 Million in Expeditors International of Washington, Inc. $EXPD

Great Lakes Advisors LLC purchased a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,782 shares of the transportation company’s stock, valued at approximately $1,594,000.

A number of other hedge funds have also recently made changes to their positions in EXPD. Elyxium Wealth LLC purchased a new stake in shares of Expeditors International of Washington during the fourth quarter valued at approximately $28,000. DV Equities LLC purchased a new position in shares of Expeditors International of Washington during the fourth quarter valued at approximately $28,000. Nalls Sherbakoff Group LLC bought a new position in Expeditors International of Washington during the fourth quarter valued at approximately $30,000. Bard Associates Inc. purchased a new stake in Expeditors International of Washington in the fourth quarter worth approximately $32,000. Finally, Geneos Wealth Management Inc. grew its position in Expeditors International of Washington by 132.3% in the 4th quarter. Geneos Wealth Management Inc. now owns 230 shares of the transportation company’s stock worth $34,000 after purchasing an additional 131 shares during the period. 94.02% of the stock is owned by institutional investors.

Expeditors International of Washington Trading Up 0.8%

Shares of Expeditors International of Washington stock opened at $187.83 on Friday. The stock’s fifty day moving average price is $173.01 and its 200-day moving average price is $158.75. The firm has a market cap of $24.42 billion, a P/E ratio of 32.84, 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 $189.99.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.03 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%.The business’s revenue for the quarter was up 32.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.34 earnings per share. Analysts forecast that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on EXPD shares. Bank of America raised 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 report on Tuesday, July 21st. Stephens upgraded shares of Expeditors International of Washington to a “strong-buy” rating in a research note on Wednesday, July 8th. Susquehanna boosted 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 report on Wednesday, May 6th. Truist Financial upped their price objective on Expeditors International of Washington from $145.00 to $175.00 and gave the stock a “hold” rating in a research note on Wednesday, July 15th. Finally, Citizens Jmp started coverage on Expeditors International of Washington in a report on Wednesday, July 15th. They issued a “market perform” rating on the stock. Two investment 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. According to MarketBeat.com, Expeditors International of Washington 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.