Expeditors International of Washington, Inc. (NASDAQ:EXPD) Stake Raised by Baker Tilly Wealth Management LLC

Baker Tilly Wealth Management LLC boosted its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 22.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,739 shares of the transportation company’s stock after acquiring an additional 695 shares during the quarter. Baker Tilly Wealth Management LLC’s holdings in Expeditors International of Washington were worth $491,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of EXPD. Crewe Advisors LLC acquired a new position in Expeditors International of Washington in the 1st quarter worth about $25,000. Innealta Capital LLC acquired a new position in Expeditors International of Washington in the second quarter worth approximately $31,000. Family Firm Inc. bought a new stake in Expeditors International of Washington in the second quarter worth approximately $35,000. ORG Partners LLC increased its stake in shares of Expeditors International of Washington by 752.0% during the 1st quarter. ORG Partners LLC now owns 426 shares of the transportation company’s stock worth $51,000 after purchasing an additional 376 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of Expeditors International of Washington during the 2nd quarter valued at $52,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on EXPD shares. Bank of America increased their target price on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Wolfe Research downgraded Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. Robert W. Baird upped their target price on Expeditors International of Washington from $118.00 to $126.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 3rd. UBS Group raised shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and lifted their price target for the company from $95.00 to $137.00 in a research report on Thursday, August 1st. Finally, Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Four analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Based on data from MarketBeat, Expeditors International of Washington presently has a consensus rating of “Hold” and a consensus price target of $115.33.

Expeditors International of Washington Price Performance

Shares of Expeditors International of Washington stock opened at $119.84 on Monday. The company has a market cap of $16.91 billion, a PE ratio of 25.72, a price-to-earnings-growth ratio of 5.08 and a beta of 0.97. The firm has a fifty day moving average price of $122.86 and a two-hundred day moving average price of $121.10. Expeditors International of Washington, Inc. has a fifty-two week low of $107.03 and a fifty-two week high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, August 6th. The transportation company reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.02). The company had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.28 billion. Expeditors International of Washington had a return on equity of 29.15% and a net margin of 7.40%. During the same period in the previous year, the company posted $1.30 earnings per share. The company’s quarterly revenue was up 8.9% on a year-over-year basis. Analysts expect that Expeditors International of Washington, Inc. will post 5.04 earnings per share for the current fiscal year.

Expeditors International of Washington Company 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.