VIRGINIA RETIREMENT SYSTEMS ET Al Invests $38.38 Million in Expeditors International of Washington, Inc. $EXPD

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 235,471 shares of the transportation company’s stock, valued at approximately $38,377,000.

Other hedge funds have also added to or reduced their stakes in the company. Elyxium Wealth LLC acquired a new position in Expeditors International of Washington in the 4th quarter valued at approximately $28,000. DV Equities LLC acquired a new position in shares of Expeditors International of Washington during the fourth quarter worth $28,000. Nalls Sherbakoff Group LLC acquired a new position in shares of Expeditors International of Washington during the fourth quarter worth $30,000. Bard Associates Inc. bought a new stake in shares of Expeditors International of Washington in the fourth quarter worth $32,000. Finally, Hara Capital LLC bought a new stake in shares of Expeditors International of Washington in the second quarter worth $33,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Stephens raised Expeditors International of Washington to a “strong-buy” rating in a research report on Wednesday, July 8th. TD Cowen upped their price target on Expeditors International of Washington from $148.00 to $176.00 and gave the company a “sell” rating in a research report on Wednesday, August 5th. Bank of America increased their price target on Expeditors International of Washington from $181.00 to $189.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. UBS Group raised their price objective on Expeditors International of Washington from $191.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Finally, Stifel Nicolaus lifted their price objective on 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. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $168.78.

Expeditors International of Washington Trading Down 0.1%

Shares of EXPD opened at $188.60 on Monday. The firm’s fifty day simple moving average is $178.44 and its two-hundred day simple moving average is $160.92. Expeditors International of Washington, Inc. has a 12 month low of $112.94 and a 12 month high of $192.28. The stock has a market capitalization of $24.52 billion, a P/E ratio of 32.97, a price-to-earnings-growth ratio of 5.00 and a beta of 1.06.

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

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.