Northwest Investment Counselors LLC Has $2.69 Million Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Northwest Investment Counselors LLC lowered its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.8% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,456 shares of the transportation company’s stock after selling 170 shares during the quarter. Northwest Investment Counselors LLC’s holdings in Expeditors International of Washington were worth $2,688,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. HighPoint Advisor Group LLC bought a new stake in Expeditors International of Washington in the fourth quarter valued at approximately $205,000. Cooper Financial Group purchased a new stake in shares of Expeditors International of Washington during the 1st quarter valued at $458,000. Gateway Investment Advisers LLC increased its position in shares of Expeditors International of Washington by 12.2% during the 1st quarter. Gateway Investment Advisers LLC now owns 8,573 shares of the transportation company’s stock valued at $1,042,000 after purchasing an additional 934 shares during the last quarter. Procyon Advisors LLC grew its stake in shares of Expeditors International of Washington by 7.3% during the 1st quarter. Procyon Advisors LLC now owns 17,467 shares of the transportation company’s stock worth $2,123,000 after acquiring an additional 1,191 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Expeditors International of Washington by 24.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 37,996 shares of the transportation company’s stock worth $4,619,000 after acquiring an additional 7,540 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.

Wall Street Analysts Forecast Growth

EXPD has been the subject of several analyst reports. Robert W. Baird raised their target price on Expeditors International of Washington from $118.00 to $126.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 3rd. Wolfe Research cut Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. TD Cowen lowered Expeditors International of Washington from a “hold” rating to a “sell” rating and cut their price objective for the stock from $112.00 to $106.00 in a research report on Monday, October 14th. UBS Group raised Expeditors International of Washington from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $95.00 to $137.00 in a report on Thursday, August 1st. Finally, Bank of America upped their price objective on Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Four investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $115.33.

Expeditors International of Washington Stock Up 0.4 %

NASDAQ:EXPD traded up $0.46 during trading hours on Monday, reaching $120.96. 339,947 shares of the company’s stock were exchanged, compared to its average volume of 1,210,896. The firm has a market capitalization of $17.09 billion, a price-to-earnings ratio of 25.40, a P/E/G ratio of 5.51 and a beta of 0.97. The company has a 50-day moving average of $122.82 and a 200 day moving average of $121.02. Expeditors International of Washington, Inc. has a 1-year low of $107.03 and a 1-year high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, August 6th. The transportation company reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.02). Expeditors International of Washington had a net margin of 7.40% and a return on equity of 29.15%. The business had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter last year, the business posted $1.30 earnings per share. The business’s revenue was up 8.9% compared to the same quarter last year. Research analysts forecast that Expeditors International of Washington, Inc. will post 5.01 EPS for the current fiscal year.

About Expeditors International of Washington

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.