Expeditors International of Washington, Inc. $EXPD Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. grew its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 12.0% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 405,100 shares of the transportation company’s stock after acquiring an additional 43,422 shares during the quarter. Pacer Advisors Inc.’s holdings in Expeditors International of Washington were worth $58,022,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Brendel Financial Advisors LLC purchased a new position in Expeditors International of Washington in the 4th quarter valued at about $4,213,000. Arjuna Capital grew its holdings in shares of Expeditors International of Washington by 37.0% during the fourth quarter. Arjuna Capital now owns 23,940 shares of the transportation company’s stock worth $3,567,000 after buying an additional 6,471 shares in the last quarter. Swedbank AB raised its position in shares of 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 buying an additional 17,969 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Expeditors International of Washington by 128.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 70,509 shares of the transportation company’s stock valued at $10,507,000 after buying an additional 39,658 shares during the last quarter. Finally, Forsta AP Fonden lifted its stake in shares of Expeditors International of Washington by 81.4% during the fourth 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 period. 94.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on EXPD shares. Zacks Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Susquehanna boosted their price target on Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Truist Financial increased their price target 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. Stifel Nicolaus raised their price objective on Expeditors International of Washington from $154.00 to $158.00 and gave the stock a “hold” rating in a report on Wednesday, July 15th. Finally, Bank of America lifted their price objective on Expeditors International of Washington from $181.00 to $189.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, five have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, Expeditors International of Washington presently has an average rating of “Hold” and an average price target of $153.78.

Expeditors International of Washington Stock Performance

EXPD opened at $170.28 on Tuesday. Expeditors International of Washington, Inc. has a 1 year low of $112.94 and a 1 year high of $183.52. The company’s 50 day simple moving average is $166.90 and its 200 day simple moving average is $156.51. The stock has a market capitalization of $22.27 billion, a PE ratio of 29.77, a P/E/G ratio of 5.00 and a beta of 1.04.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, May 5th. The transportation company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.33 by $0.38. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the business earned $1.47 earnings per share. As a group, sell-side analysts expect that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

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.