Natixis Advisors LLC Buys 22,356 Shares of Expeditors International of Washington, Inc. $EXPD

Natixis Advisors LLC raised its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 3.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 612,576 shares of the transportation company’s stock after acquiring an additional 22,356 shares during the period. Natixis Advisors LLC’s holdings in Expeditors International of Washington were worth $75,096,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Allianz Asset Management GmbH raised its position in shares of Expeditors International of Washington by 14.0% in the 3rd quarter. Allianz Asset Management GmbH now owns 565,430 shares of the transportation company’s stock valued at $69,316,000 after buying an additional 69,290 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Expeditors International of Washington by 6.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 993,697 shares of the transportation company’s stock worth $121,817,000 after acquiring an additional 62,500 shares in the last quarter. Ascent Group LLC increased its stake in Expeditors International of Washington by 237.3% in the third quarter. Ascent Group LLC now owns 10,315 shares of the transportation company’s stock valued at $1,265,000 after acquiring an additional 7,257 shares during the last quarter. Mediolanum International Funds Ltd acquired a new position in Expeditors International of Washington during the third quarter valued at approximately $464,000. Finally, Nordea Investment Management AB raised its position in Expeditors International of Washington by 7.4% during the third quarter. Nordea Investment Management AB now owns 648,101 shares of the transportation company’s stock valued at $78,867,000 after purchasing an additional 44,849 shares in the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on EXPD shares. Truist Financial reduced their target price on Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating on the stock in a report on Wednesday, February 25th. Susquehanna lowered their price target on Expeditors International of Washington from $160.00 to $142.00 and set a “neutral” rating for the company in a report on Wednesday, February 25th. Barclays upped their price objective on Expeditors International of Washington from $110.00 to $135.00 and gave the stock an “underweight” rating in a research report on Thursday, January 15th. Bank of America upgraded Expeditors International of Washington from a “neutral” rating to a “buy” rating in a research report on Friday, January 9th. Finally, Stifel Nicolaus boosted their target price on Expeditors International of Washington from $130.00 to $136.00 and gave the stock a “hold” rating in a research note on Tuesday, December 16th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $134.30.

Expeditors International of Washington Stock Performance

NASDAQ:EXPD opened at $146.66 on Monday. Expeditors International of Washington, Inc. has a 52 week low of $100.47 and a 52 week high of $167.19. The firm’s fifty day moving average is $154.94 and its 200-day moving average is $139.67. The firm has a market cap of $19.58 billion, a P/E ratio of 25.64, a P/E/G ratio of 5.00 and a beta of 1.15.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, February 24th. The transportation company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.03. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. Expeditors International of Washington’s revenue was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.68 earnings per share. As a group, sell-side analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

About Expeditors International of Washington

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.