Confluence Investment Management LLC Has $23.76 Million Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Confluence Investment Management LLC increased its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 196,156 shares of the transportation company’s stock after purchasing an additional 1,835 shares during the period. Confluence Investment Management LLC owned approximately 0.13% of Expeditors International of Washington worth $23,760,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Financial Gravity Asset Management Inc. acquired a new position in shares of Expeditors International of Washington in the 1st quarter worth approximately $203,000. Graham Capital Wealth Management LLC acquired a new position in Expeditors International of Washington during the first quarter worth $237,859,000. New Hampshire Trust bought a new position in shares of Expeditors International of Washington during the fourth quarter valued at $26,000. First Horizon Advisors Inc. boosted its stake in shares of Expeditors International of Washington by 53.8% in the 1st quarter. First Horizon Advisors Inc. now owns 263 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 92 shares in the last quarter. Finally, Clear Street Markets LLC grew its holdings in shares of Expeditors International of Washington by 95.0% in the 1st quarter. Clear Street Markets LLC now owns 314 shares of the transportation company’s stock worth $35,000 after purchasing an additional 153 shares during the last quarter. Institutional investors own 96.73% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on EXPD shares. JPMorgan Chase & Co. initiated coverage on shares of Expeditors International of Washington in a report on Friday, August 11th. They set an “underweight” rating and a $110.00 price target for the company. StockNews.com started coverage on Expeditors International of Washington in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Stephens lifted their price objective on Expeditors International of Washington from $105.00 to $115.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 9th. Susquehanna increased their target price on Expeditors International of Washington from $104.00 to $115.00 and gave the stock a “neutral” rating in a report on Wednesday, August 9th. Finally, Stifel Nicolaus lifted their price target on Expeditors International of Washington from $99.00 to $115.00 and gave the company a “hold” rating in a report on Wednesday, July 19th. Four analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $106.18.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock opened at $118.28 on Thursday. The company’s 50-day moving average is $119.54 and its 200-day moving average is $114.73. The firm has a market capitalization of $17.49 billion, a PE ratio of 17.73 and a beta of 1.02. Expeditors International of Washington, Inc. has a fifty-two week low of $86.08 and a fifty-two week high of $128.04.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, August 8th. The transportation company reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.04). Expeditors International of Washington had a return on equity of 34.31% and a net margin of 8.36%. The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same period last year, the firm earned $2.27 EPS. Expeditors International of Washington’s quarterly revenue was down 51.3% compared to the same quarter last year. As a group, analysts expect that Expeditors International of Washington, Inc. will post 5.36 EPS for the current year.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. 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, 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.