Fulcrum Asset Management LLP Invests $2.78 Million in Expeditors International of Washington, Inc. $EXPD

Fulcrum Asset Management LLP acquired a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 17,148 shares of the transportation company’s stock, valued at approximately $2,777,000.

A number of other institutional investors have also recently made changes to their positions in EXPD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Expeditors International of Washington by 4.0% in 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 acquiring 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 1st quarter. Jones Financial Companies Lllp now owns 2,324 shares of the transportation company’s stock valued at $279,000 after purchasing an additional 999 shares during the last quarter. Woodline Partners LP boosted its stake in Expeditors International of Washington by 40.7% in the 1st quarter. Woodline Partners LP now owns 11,826 shares of the transportation company’s stock worth $1,422,000 after purchasing an additional 3,420 shares in the last quarter. Focus Partners Wealth grew its position in 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 worth $628,000 after purchasing an additional 1,324 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in Expeditors International of Washington by 29.7% during 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. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Stock Up 0.3%

Shares of EXPD opened at $191.24 on Friday. The stock’s 50-day moving average price is $175.78 and its 200-day moving average price is $159.66. The company has a market capitalization of $24.86 billion, a price-to-earnings ratio of 33.43, a PEG ratio of 5.00 and a beta of 1.04. Expeditors International of Washington, Inc. has a 52 week low of $112.94 and a 52 week high of $192.28.

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on EXPD shares. Stephens upgraded shares of Expeditors International of Washington to a “strong-buy” rating in a research note on Wednesday, July 8th. Citizens Jmp began coverage on Expeditors International of Washington in a research report on Wednesday, July 15th. They set a “market perform” rating for the company. Truist Financial raised their price objective 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. Barclays upped their target price on Expeditors International of Washington from $150.00 to $160.00 and gave the company an “underweight” rating in a research report on Wednesday, August 5th. Finally, Susquehanna raised their price target on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Expeditors International of Washington presently has an average rating of “Hold” and an average price target of $168.78.

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.