Danske Bank A S Buys 23,200 Shares of Expeditors International of Washington, Inc. $EXPD

Danske Bank A S boosted its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 37.2% in the 4th quarter, Holdings Channel reports. The firm owned 85,556 shares of the transportation company’s stock after acquiring an additional 23,200 shares during the quarter. Danske Bank A S’s holdings in Expeditors International of Washington were worth $12,749,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Expeditors International of Washington by 733.9% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,887,853 shares of the transportation company’s stock valued at $231,432,000 after acquiring an additional 1,661,457 shares during the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of Expeditors International of Washington during the 3rd quarter valued at about $113,194,000. Wellington Management Group LLP boosted its position in shares of Expeditors International of Washington by 64.1% during the 3rd quarter. Wellington Management Group LLP now owns 1,920,927 shares of the transportation company’s stock valued at $235,486,000 after acquiring an additional 749,993 shares during the last quarter. Caisse de depot et placement du Quebec boosted its position in shares of Expeditors International of Washington by 59.4% during the 3rd quarter. Caisse de depot et placement du Quebec now owns 1,070,975 shares of the transportation company’s stock valued at $131,291,000 after acquiring an additional 399,250 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Expeditors International of Washington by 5.2% during the 3rd quarter. State Street Corp now owns 7,708,656 shares of the transportation company’s stock valued at $945,004,000 after acquiring an additional 377,703 shares during the last quarter. Institutional investors own 94.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on EXPD. Zacks Research downgraded Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 14th. Susquehanna dropped their target price on Expeditors International of Washington from $160.00 to $142.00 and set a “neutral” rating for the company in a research report on Wednesday, February 25th. Wolfe Research upgraded Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Barclays boosted their target price on Expeditors International of Washington from $110.00 to $135.00 and gave the stock an “underweight” rating in a research report on Thursday, January 15th. Finally, JPMorgan Chase & Co. dropped their target price on Expeditors International of Washington from $134.00 to $132.00 and set an “underweight” rating for the company in a research report on Monday, January 12th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $134.30.

Expeditors International of Washington Price Performance

Shares of Expeditors International of Washington stock opened at $147.22 on Monday. The business’s 50 day simple moving average is $145.31 and its two-hundred day simple moving average is $146.24. The stock has a market capitalization of $19.58 billion, a P/E ratio of 25.74, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04. Expeditors International of Washington, Inc. has a one year low of $106.00 and a one year high of $167.19.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, February 24th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.03. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.During the same quarter in the previous year, the firm earned $1.68 EPS. The firm’s revenue was down 3.3% compared to the same quarter last year. Sell-side analysts expect that Expeditors International of Washington, Inc. will post 5.39 earnings per share 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.