Caisse de depot et placement du Quebec Invests $169.66 Million in Expeditors International of Washington, Inc. $EXPD

Caisse de depot et placement du Quebec bought a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 1,041,018 shares of the transportation company’s stock, valued at approximately $169,665,000.

A number of other large investors also recently bought and sold shares of EXPD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Expeditors International of Washington by 4.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,168 shares of the transportation company’s stock worth $1,944,000 after buying an additional 623 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of Expeditors International of Washington by 75.4% in the first quarter. Jones Financial Companies Lllp now owns 2,324 shares of the transportation company’s stock worth $279,000 after acquiring an additional 999 shares during the period. Woodline Partners LP boosted its stake in shares of Expeditors International of Washington by 40.7% during the 1st quarter. Woodline Partners LP now owns 11,826 shares of the transportation company’s stock worth $1,422,000 after acquiring an additional 3,420 shares in the last quarter. Focus Partners Wealth grew its position in shares of Expeditors International of Washington by 33.9% during the 1st quarter. Focus Partners Wealth now owns 5,227 shares of the transportation company’s stock valued at $628,000 after acquiring an additional 1,324 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Expeditors International of Washington by 29.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,113 shares of the transportation company’s stock valued at $127,000 after purchasing an additional 255 shares in the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on EXPD. Susquehanna upped their price target on Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Stephens upgraded Expeditors International of Washington to a “strong-buy” rating in a research report on Wednesday, July 8th. Barclays upped their target price on Expeditors International of Washington from $150.00 to $160.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 5th. Stifel Nicolaus lifted their price target on shares of Expeditors International of Washington from $154.00 to $158.00 and gave the company a “hold” rating in a research note on Wednesday, July 15th. Finally, Truist Financial boosted their price target on shares of Expeditors International of Washington from $145.00 to $175.00 and gave the stock a “hold” rating in a report on Wednesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Expeditors International of Washington presently has an average rating of “Hold” and an average price target of $168.78.

Expeditors International of Washington Price Performance

Shares of Expeditors International of Washington stock opened at $190.27 on Thursday. The stock has a market capitalization of $24.73 billion, a P/E ratio of 33.26, a PEG ratio of 5.00 and a beta of 1.04. The business has a 50 day simple moving average of $174.59 and a two-hundred day simple moving average of $159.26. Expeditors International of Washington, Inc. has a 12 month low of $112.94 and a 12 month high of $191.79.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%.During the same period last year, the firm earned $1.34 EPS. Expeditors International of Washington’s quarterly revenue was up 32.1% on a year-over-year basis. As a group, research analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 EPS 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.