Bank of Nova Scotia Purchases 1,373 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Bank of Nova Scotia boosted its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPDFree Report) by 11.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,815 shares of the transportation company’s stock after acquiring an additional 1,373 shares during the period. Bank of Nova Scotia’s holdings in Expeditors International of Washington were worth $1,584,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in EXPD. First Horizon Advisors Inc. grew its holdings in Expeditors International of Washington by 53.8% during the 1st quarter. First Horizon Advisors Inc. now owns 263 shares of the transportation company’s stock valued at $29,000 after buying an additional 92 shares in the last quarter. Clear Street Markets LLC grew its holdings in shares of Expeditors International of Washington by 95.0% in the first quarter. Clear Street Markets LLC now owns 314 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 153 shares in the last quarter. Covestor Ltd grew its holdings in shares of Expeditors International of Washington by 103.6% in the first quarter. Covestor Ltd now owns 342 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 174 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Expeditors International of Washington by 46.3% in the first quarter. Steward Partners Investment Advisory LLC now owns 521 shares of the transportation company’s stock valued at $57,000 after purchasing an additional 165 shares in the last quarter. Finally, Vestor Capital LLC purchased a new position in shares of Expeditors International of Washington in the second quarter valued at $59,000. 96.73% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Price Performance

EXPD stock opened at $119.94 on Tuesday. The business has a 50-day moving average price of $125.25 and a 200 day moving average price of $119.82. The company has a market capitalization of $17.26 billion, a P/E ratio of 23.99 and a beta of 0.99. Expeditors International of Washington, Inc. has a 1-year low of $102.89 and a 1-year high of $131.17.

Expeditors International of Washington (NASDAQ:EXPDGet Free Report) last released its quarterly earnings data on Tuesday, February 20th. The transportation company reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.21 by ($0.12). Expeditors International of Washington had a net margin of 8.10% and a return on equity of 28.43%. The firm had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the previous year, the firm earned $1.38 earnings per share. The business’s revenue was down 33.8% compared to the same quarter last year. On average, analysts anticipate that Expeditors International of Washington, Inc. will post 4.79 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on EXPD. JPMorgan Chase & Co. cut their target price on shares of Expeditors International of Washington from $111.00 to $108.00 and set an “underweight” rating for the company in a report on Tuesday, January 9th. Susquehanna lowered their price target on Expeditors International of Washington from $115.00 to $109.00 and set a “neutral” rating for the company in a research report on Wednesday, November 8th. BNP Paribas downgraded Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 price target for the company. in a research report on Thursday, January 11th. Stifel Nicolaus raised their price target on Expeditors International of Washington from $114.00 to $117.00 and gave the stock a “hold” rating in a research report on Wednesday, January 10th. Finally, Morgan Stanley decreased their target price on Expeditors International of Washington from $85.00 to $84.00 and set an “underweight” rating for the company in a research report on Monday, November 13th. Three investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $106.29.

Read Our Latest Report on EXPD

Expeditors International of Washington Profile

(Free Report)

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.

Further Reading

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Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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