Northwest Investment Counselors LLC Grows Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Northwest Investment Counselors LLC boosted its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 5.9% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 19,203 shares of the transportation company’s stock after purchasing an additional 1,070 shares during the period. Northwest Investment Counselors LLC’s holdings in Expeditors International of Washington were worth $2,326,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FCF Advisors LLC purchased a new position in shares of Expeditors International of Washington in the 1st quarter worth about $834,000. Ameritas Investment Partners Inc. boosted its stake in Expeditors International of Washington by 2.4% in the first quarter. Ameritas Investment Partners Inc. now owns 12,844 shares of the transportation company’s stock valued at $1,414,000 after acquiring an additional 305 shares during the last quarter. Raymond James Trust N.A. grew its position in shares of Expeditors International of Washington by 1.8% during the 1st quarter. Raymond James Trust N.A. now owns 5,813 shares of the transportation company’s stock valued at $640,000 after acquiring an additional 100 shares during the period. Naples Global Advisors LLC increased its stake in shares of Expeditors International of Washington by 1.4% during the 1st quarter. Naples Global Advisors LLC now owns 14,202 shares of the transportation company’s stock worth $1,564,000 after purchasing an additional 200 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its holdings in shares of Expeditors International of Washington by 0.4% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 631,358 shares of the transportation company’s stock worth $67,321,000 after purchasing an additional 2,476 shares during the period. Hedge funds and other institutional investors own 96.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on EXPD shares. Morgan Stanley increased their price objective on Expeditors International of Washington from $84.00 to $86.00 and gave the company an “underweight” rating in a report on Monday, August 14th. JPMorgan Chase & Co. began coverage on Expeditors International of Washington in a research note on Friday, August 11th. They issued an “underweight” rating and a $110.00 price objective on the stock. StockNews.com began coverage on shares of Expeditors International of Washington in a report on Thursday, August 17th. They set a “hold” rating on the stock. Stifel Nicolaus lifted their target price on shares of Expeditors International of Washington from $99.00 to $115.00 and gave the stock a “hold” rating in a research note on Wednesday, July 19th. Finally, Susquehanna upped their price target on shares of Expeditors International of Washington from $104.00 to $115.00 and gave the company a “neutral” rating in a research note on Wednesday, August 9th. Four equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat, Expeditors International of Washington has an average rating of “Hold” and an average target price of $106.18.

Expeditors International of Washington Stock Performance

Expeditors International of Washington stock traded up $0.10 during mid-day trading on Friday, hitting $118.44. 2,527,659 shares of the company traded hands, compared to its average volume of 1,222,115. Expeditors International of Washington, Inc. has a one year low of $86.08 and a one year high of $128.04. The stock has a market cap of $17.52 billion, a price-to-earnings ratio of 17.76 and a beta of 1.02. The stock has a fifty day moving average price of $119.55 and a 200-day moving average price of $114.91.

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

Expeditors International of Washington 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.