OMERS ADMINISTRATION Corp Acquires Shares of 24,156 Expeditors International of Washington, Inc. $EXPD

OMERS ADMINISTRATION Corp purchased a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 24,156 shares of the transportation company’s stock, valued at approximately $3,937,000.

Other institutional investors also recently bought and sold shares of the company. Osmosis Investment Management UK Ltd purchased a new position in Expeditors International of Washington in the second quarter worth $449,000. Sanctuary Advisors LLC purchased a new stake in shares of Expeditors International of Washington in the second quarter valued at about $5,361,000. Meiji Yasuda Asset Management Co Ltd. acquired a new stake in Expeditors International of Washington during the 2nd quarter valued at $292,000. Bank of Nova Scotia acquired a new stake in shares of Expeditors International of Washington during the second quarter valued at $30,379,000. Finally, Elevation Point Wealth Partners LLC purchased a new stake in shares of Expeditors International of Washington during the second quarter worth about $222,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Price Performance

EXPD opened at $188.90 on Wednesday. The business has a 50 day moving average price of $174.00 and a two-hundred day moving average price of $159.07. Expeditors International of Washington, Inc. has a 1-year low of $112.94 and a 1-year high of $189.99. The company has a market capitalization of $24.55 billion, a price-to-earnings ratio of 33.02, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, August 4th. The transportation company reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.34. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. The firm’s revenue was up 32.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.34 earnings per share. Equities analysts expect that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Stephens raised shares of Expeditors International of Washington to a “strong-buy” rating in a research note on Wednesday, July 8th. Bank of America upped their target price on Expeditors International of Washington from $181.00 to $189.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Stifel Nicolaus lifted 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 note on Wednesday, July 15th. UBS Group upped their target price on Expeditors International of Washington from $191.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Finally, Susquehanna increased 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 equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $168.78.

Expeditors International of Washington 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.