Franklin Parlapiano Turner & Welch LLC Increases Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Franklin Parlapiano Turner & Welch LLC increased its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 66,007 shares of the transportation company’s stock after acquiring an additional 232 shares during the quarter. Expeditors International of Washington makes up about 2.2% of Franklin Parlapiano Turner & Welch LLC’s portfolio, making the stock its 15th biggest holding. Franklin Parlapiano Turner & Welch LLC’s holdings in Expeditors International of Washington were worth $8,673,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in EXPD. Gateway Investment Advisers LLC raised its holdings in shares of Expeditors International of Washington by 12.2% during the first quarter. Gateway Investment Advisers LLC now owns 8,573 shares of the transportation company’s stock valued at $1,042,000 after acquiring an additional 934 shares during the last quarter. Procyon Advisors LLC lifted its holdings in Expeditors International of Washington by 7.3% in the 1st quarter. Procyon Advisors LLC now owns 17,467 shares of the transportation company’s stock valued at $2,123,000 after purchasing an additional 1,191 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Expeditors International of Washington by 24.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 37,996 shares of the transportation company’s stock worth $4,619,000 after purchasing an additional 7,540 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new stake in Expeditors International of Washington during the 1st quarter worth $78,000. Finally, MV Capital Management Inc. grew its holdings in shares of Expeditors International of Washington by 4.2% during the first quarter. MV Capital Management Inc. now owns 20,054 shares of the transportation company’s stock worth $2,438,000 after buying an additional 815 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on EXPD. Bank of America increased their price target on Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. UBS Group upgraded shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $95.00 to $137.00 in a research report on Thursday, August 1st. Wolfe Research lowered shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. TD Cowen cut shares of Expeditors International of Washington from a “hold” rating to a “sell” rating and dropped their price target for the company from $112.00 to $106.00 in a research note on Monday, October 14th. Finally, Robert W. Baird lifted their price target on shares of Expeditors International of Washington from $118.00 to $126.00 and gave the company a “neutral” rating in a research report on Wednesday, July 3rd. Four equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $115.33.

Expeditors International of Washington Stock Down 0.6 %

Shares of NASDAQ EXPD opened at $119.50 on Thursday. Expeditors International of Washington, Inc. has a 52-week low of $107.03 and a 52-week high of $131.59. The business’s 50 day moving average is $122.87 and its two-hundred day moving average is $121.08. The firm has a market cap of $16.88 billion, a price-to-earnings ratio of 25.32, a PEG ratio of 5.51 and a beta of 0.97.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, August 6th. The transportation company reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.02). The firm had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.28 billion. Expeditors International of Washington had a net margin of 7.40% and a return on equity of 29.15%. Expeditors International of Washington’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.30 EPS. Analysts anticipate that Expeditors International of Washington, Inc. will post 5.01 EPS for the current fiscal year.

Expeditors International of Washington Profile

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.