Burns Matteson Capital Management LLC Makes New $648,000 Investment in Expeditors International of Washington, Inc. $EXPD

Burns Matteson Capital Management LLC acquired a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,511 shares of the transportation company’s stock, valued at approximately $648,000.

Several other large investors also recently modified their holdings of EXPD. Kentucky Retirement Systems lifted its stake in shares of Expeditors International of Washington by 97.2% in the first quarter. Kentucky Retirement Systems now owns 16,973 shares of the transportation company’s stock worth $2,431,000 after acquiring an additional 8,367 shares in the last quarter. State Street Corp boosted its holdings in Expeditors International of Washington by 1.5% in the second quarter. State Street Corp now owns 7,335,241 shares of the transportation company’s stock valued at $1,195,498,000 after purchasing an additional 109,798 shares during the last quarter. Deutsche Bank AG acquired a new stake in Expeditors International of Washington during the 2nd quarter valued at approximately $102,595,000. Midway Capital Research & Management purchased a new stake in Expeditors International of Washington during the 4th quarter worth approximately $2,432,000. Finally, Allianz Asset Management GmbH increased its holdings in Expeditors International of Washington by 44.5% during the 2nd quarter. Allianz Asset Management GmbH now owns 612,352 shares of the transportation company’s stock worth $99,801,000 after purchasing an additional 188,581 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Trading Down 1.5%

Shares of NASDAQ EXPD opened at $195.68 on Friday. Expeditors International of Washington, Inc. has a twelve month low of $116.84 and a twelve month high of $200.66. The company has a market capitalization of $25.44 billion, a price-to-earnings ratio of 34.21, a price-to-earnings-growth ratio of 5.00 and a beta of 1.07. The business has a 50 day simple moving average of $189.23 and a 200-day simple moving average of $170.44.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarter last year, the company posted $1.34 EPS. The business’s quarterly revenue was up 32.1% on a year-over-year basis. As a group, equities analysts predict that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on EXPD shares. Bank of America upped their target price 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. Truist Financial boosted their target price on shares of Expeditors International of Washington from $145.00 to $175.00 and gave the stock a “hold” rating in a research report on Wednesday, July 15th. JPMorgan Chase & Co. increased their price target on shares of Expeditors International of Washington from $200.00 to $214.00 and gave the stock a “neutral” rating in a research report on Monday, October 5th. Stifel Nicolaus increased their price target on shares of Expeditors International of Washington from $154.00 to $158.00 and gave the stock a “hold” rating in a research report on Wednesday, July 15th. Finally, Robert W. Baird lifted their price target on Expeditors International of Washington from $190.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $175.27.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc is a global logistics company that helps businesses move and manage goods across international supply chains. Its services include air and ocean freight forwarding, customs brokerage, cargo consolidation, warehousing, distribution, order management and other transportation-related solutions.

Founded in 1979 and headquartered in Seattle, Washington, Expeditors serves manufacturers, retailers, distributors and other customers through a worldwide network of offices and logistics facilities.