American Century Companies Inc. Acquires 41,651 Shares of Expeditors International of Washington, Inc. $EXPD

American Century Companies Inc. boosted its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 11.4% in the third quarter, Holdings Channel reports. The institutional investor owned 405,701 shares of the transportation company’s stock after acquiring an additional 41,651 shares during the quarter. American Century Companies Inc.’s holdings in Expeditors International of Washington were worth $49,735,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vermillion & White Wealth Management Group LLC raised its stake in shares of Expeditors International of Washington by 82.3% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 268 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 121 shares during the period. Atlantic Union Bankshares Corp bought a new position in Expeditors International of Washington in the 2nd quarter worth about $34,000. CYBER HORNET ETFs LLC purchased a new position in Expeditors International of Washington during the 2nd quarter valued at about $43,000. Bartlett & CO. Wealth Management LLC bought a new stake in shares of Expeditors International of Washington during the third quarter valued at about $43,000. Finally, Addison Advisors LLC lifted its holdings in shares of Expeditors International of Washington by 79.1% in the second quarter. Addison Advisors LLC now owns 385 shares of the transportation company’s stock worth $44,000 after buying an additional 170 shares in the last quarter. Institutional investors own 94.02% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Bank of America raised shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating in a research note on Friday, January 9th. Barclays raised their price target on shares of Expeditors International of Washington from $110.00 to $135.00 and gave the company an “underweight” rating in a report on Thursday, January 15th. UBS Group raised shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating and upped their price target for the stock from $138.00 to $166.00 in a report on Monday, November 17th. JPMorgan Chase & Co. lowered their price objective on Expeditors International of Washington from $134.00 to $132.00 and set an “underweight” rating on the stock in a research report on Monday, January 12th. Finally, Stifel Nicolaus boosted their target price on Expeditors International of Washington from $130.00 to $136.00 and gave the stock a “hold” rating in a research report on Tuesday, December 16th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, Expeditors International of Washington currently has a consensus rating of “Reduce” and an average target price of $134.30.

Expeditors International of Washington Stock Down 0.2%

Shares of EXPD stock opened at $146.61 on Friday. The business has a 50-day moving average price of $155.06 and a two-hundred day moving average price of $139.22. Expeditors International of Washington, Inc. has a 12-month low of $100.47 and a 12-month high of $167.19. The firm has a market cap of $19.57 billion, a P/E ratio of 25.63, a price-to-earnings-growth ratio of 5.00 and a beta of 1.15.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, February 24th. The transportation company reported $1.49 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%.Expeditors International of Washington’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.68 EPS. As a group, research analysts expect 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.